Training Course: Strategic Planning Using Balanced Scorecard

Turning Strategy into Reality!

REF: LM32116

DATES: 12 - 16 Dec 2021

CITY: Napoli (Italy)

FEE: 3900 €

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Introduction

The Balanced Scorecard puts strategy at the heart of your organisation, allowing you to focus 100% of your employees’ effort on the achievement of company objectives. It provides a powerful framework for the rapid and effective implementation of strategy, delivering breakthrough performance improvement.

 

Course Objectives of Strategic Planning Using Balanced Scorecard

  • Translate vision and strategy into practical action and improved organisational performance
  • Understand how to monitor and manage strategic performance
  • Design and build a Balanced Scorecard
  • Drive operational performance improvement in line with the strategy
  • Communicate and manage change

 

Strategic Planning Using Balanced Scorecard Course Outlines

Day 1

A Tool for Managing Strategic Performance

  • Introduction to the Balanced Scorecard
  • Benefits of the Balanced Scorecard
  • Linking Mission and Vision to operations
  • Application and uses of the Balanced Scorecard
  • The Financial, Customer, Process perspectives in detail
  • Overview of the Balanced Scorecard creation process
  • Strategy maps and Strategic Themes
  • Strategic Measures and Strategic Targets

Day 2

Developing a Balanced Scorecard

  • Create a strategy-centric organisation
  • The Learning & Growth perspective in detail
  • Define strategy, identify strategic themes and build strategic linkages
  • Engage the leadership team
  • Importance of data collection, interviews, and focus groups
  • Strategic documentation
  • Work with the Case Study
  • Strategic objectives and strategic themes

Day 3

Monitoring Strategic Performance

  • Purpose of strategic measures and their relationship with KPIs
  • Lead and lag measures
  • Develop appropriate measures using the Strategy Map
  • Examples of measures for each of the four perspectives
  • How to implement the Balanced Scorecard
  • Lag and lead measures
  • Determine measures and targets
  • Map strategic initiatives
  • Case study activities

​​​​​​​Day 4

Implementing A Balanced Scorecard

  • Set appropriate stretch targets for each objective
  • The Strategic Management System and performance management
  • Map strategic initiatives for HR
  • Plan for implementation
  • Bring about successful change
  • Communicate the Balanced Scorecard
  • Develop appropriate targets using the Strategy Map and Measures
  • Cascade the Balanced Scorecard across the organisation
  • Strategy Review Meetings
  • Case study activities

Day 5

Pulling it all together

  • How to make it work in your organisation
  • Create an outline project plan
  • Identify key roles and key players
  • Case study activities
  • Top Tips for success
  • Create a personal plan of action
  • Lessons learned from the programme.

Training Course: Strategic Planning Using Balanced Scorecard

Turning Strategy into Reality!

REF: LM32116

DATES: 12 - 16 Dec 2021

CITY: Napoli (Italy)

FEE: 3900 €

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