Strategic Planning Using the Balanced Scorecard Turning Strategy into Reality

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Strategic Planning Using the Balanced Scorecard Turning Strategy into Reality

Category

Management Training Courses

Code

MT-423

City

Paris (France)

Hotel

Hotel Meeting Room

Duration

One week 25Hour
2024-04-01 2024-04-05

Fees

5450 €
Durations for This Course
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Content Training Methodology
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.

Highlights of the seminar include:
  • Understanding how to use the Balanced Scorecard to drive improved performance
  • Building a Balanced Scorecard from scratch
  • Aligning your organisation around commons goals
  • Stimulating activities and discussions
  • Creating a personal action plan to drive performance improvement within your organisation
Objectives
After attending this seminar, delegates will be able to:
  • 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 strategy
  • Communicate and manage change
Training Methodology

The workshop is based on a combination of interactive activities – group and individual exercises, case studies and discussions – along with formal inputs. Real examples are employed to illustrate how the techniques work in practice and a case study is used to demonstrate the end-to-end process of creating and implementing a Balanced Scorecard. Delegates also create a plan of action for applying lessons learned within their own organisations

Organisational Impact
The key benefits to organisations include:
  • Turning the organisation’s vision into a practical reality
  • Delivery of improved operational performance
  • Aligning different elements of the organisation around a common strategy
  • Development and communication of strategic measures
  • Monitoring ongoing performance improvement
  • Aligning strategic initiatives to organisation strategy
Personal Impact
The key benefits to delegates include:
  • Deeper knowledge and understanding of the Balanced Scorecard
  • A systematic methodology for developing and managing a Balanced Scorecard
  • Practical experience in the use of the Balanced Scorecard
  • Greater capability to monitor and drive performance improvement
  • Understating of how to rollout a Balanced scorecard across an organisation
  • A personal action plan for applying learning within their own organisation
The seminar will benefit:
  • Executives
  • Managers with responsibility for creating or managing a balanced scorecard
  • Financial Officers and controllers
  • Process Managers
  • Strategic Planning Managers
SEMINAR OUTLINE 
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
  • Lessons learned from Day 1
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
  • Lessons learned from Day 2
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
  • Lessons learned from Day 3.
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
  • Lessons learned from Day 4
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
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32

Strategic Planning Using the Balanced Scorecard Turning Strategy into Reality

2024-04-15 2024-04-19
Offline 5450 €
Vienna-(Austria)

Strategic Planning Using the Balanced Scorecard Turning Strategy into Reality

2024-04-22 2024-04-26
Offline 5450 €
Copenhagen-(Denmark)

Strategic Planning Using the Balanced Scorecard Turning Strategy into Reality

2024-04-22 2024-04-26
Offline 5450 €
Geneva-(Switzerland)

Strategic Planning Using the Balanced Scorecard Turning Strategy into Reality

2024-04-22 2024-04-26
Offline 5450 €
Florence-(Italy)

Strategic Planning Using the Balanced Scorecard Turning Strategy into Reality

2024-04-28 2024-05-02
Offline 3450 €
Casablanca-(Morocco)

Strategic Planning Using the Balanced Scorecard Turning Strategy into Reality

2024-05-20 2024-05-24
Offline 4950 €
Budapest-(Hungary)

Strategic Planning Using the Balanced Scorecard Turning Strategy into Reality

2024-06-03 2024-06-07
Offline 5450 €
Brussels-(Belgium)

Strategic Planning Using the Balanced Scorecard Turning Strategy into Reality

2024-06-10 2024-06-14
Offline 4450 €
Kuala-Lumpur-(Malaysia)

Strategic Planning Using the Balanced Scorecard Turning Strategy into Reality

2024-06-17 2024-06-21
Offline 4450 €
Trabzon-(Turkey)

Strategic Planning Using the Balanced Scorecard Turning Strategy into Reality

2024-06-17 2024-06-21
Offline 5450 €
Munich-(Germany)

Strategic Planning Using the Balanced Scorecard Turning Strategy into Reality

2024-06-24 2024-06-28
Offline 4950 €
Tbilisi-(Georgia)

Strategic Planning Using the Balanced Scorecard Turning Strategy into Reality

2024-07-01 2024-07-05
Offline 4950 €
Yerevan-(Armenia)

Strategic Planning Using the Balanced Scorecard Turning Strategy into Reality

2024-07-08 2024-07-12
Offline 5450 €
Prague-(Czech-Republic)

Strategic Planning Using the Balanced Scorecard Turning Strategy into Reality

2024-07-21 2024-07-25
Offline 2950 €
Hurghada-(Egypt)

Strategic Planning Using the Balanced Scorecard Turning Strategy into Reality

2024-07-21 2024-07-25
Offline 3450 €
Doha-(Qatar)

Strategic Planning Using the Balanced Scorecard Turning Strategy into Reality

2024-07-22 2024-07-26
Offline 5450 €
Dublin-(Ireland)

Strategic Planning Using the Balanced Scorecard Turning Strategy into Reality

2024-07-22 2024-07-26
Offline 5450 €
Barcelona-(Spain)

Strategic Planning Using the Balanced Scorecard Turning Strategy into Reality

2024-07-22 2024-07-26
Offline 1450 €
ONLINE

Strategic Planning Using the Balanced Scorecard Turning Strategy into Reality

2024-08-05 2024-08-09
Offline 5450 €
Cyprus-(Larnaka)

Strategic Planning Using the Balanced Scorecard Turning Strategy into Reality

2024-08-05 2024-08-09
Offline 5450 €
Amsterdam-(Netherlands)

Strategic Planning Using the Balanced Scorecard Turning Strategy into Reality

2024-08-19 2024-08-23
Offline 5950 €
Singapore-(Singapore)

Strategic Planning Using the Balanced Scorecard Turning Strategy into Reality

2024-08-26 2024-08-30
Offline 5450 €
Stockholm-(Sweden)

Strategic Planning Using the Balanced Scorecard Turning Strategy into Reality

2024-08-26 2024-08-30
Offline 5450 €
Hamburg-(Germany)

Strategic Planning Using the Balanced Scorecard Turning Strategy into Reality

2024-09-15 2024-09-19
Offline 2950 €
Manama-(Bahrain)

Strategic Planning Using the Balanced Scorecard Turning Strategy into Reality

2024-09-16 2024-09-20
Offline 4950 €
Bucharest-(Romania)

Strategic Planning Using the Balanced Scorecard Turning Strategy into Reality

2024-09-23 2024-09-27
Offline 2950 €
DUBAI-(UAE)

Strategic Planning Using the Balanced Scorecard Turning Strategy into Reality

2024-10-07 2024-10-11
Offline 5450 €
Malaga-(Spain)

Strategic Planning Using the Balanced Scorecard Turning Strategy into Reality

2024-10-07 2024-10-11
Offline 5450 €
Zurich-(Switzerland)

Strategic Planning Using the Balanced Scorecard Turning Strategy into Reality

2024-10-20 2024-10-24
Offline 2550 €
Beirut-(Lebanon)

Strategic Planning Using the Balanced Scorecard Turning Strategy into Reality

2024-10-28 2024-11-01
Offline 5450 €
Auckland-(New-Zealand)

Strategic Planning Using the Balanced Scorecard Turning Strategy into Reality

2024-10-28 2024-11-01
Offline 4950 €
Zagreb-(Croatia)

Strategic Planning Using the Balanced Scorecard Turning Strategy into Reality

2024-10-28 2024-11-01
Offline 5450 €
Madrid-(Spain)

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