Introduction to the Balanced Scorecard
A tool to Achieve Strategy and Tactical Alignment
This course shows a step-by-step methodology to build and implement a balanced scorecard strategic management system, either public or private sector. It includes a hands-on workshop to allow you to get practice in developing the balanced scorecard for a typical organisation. You will have an opportunity to address some specific issues in your own organisation.
You will understand the key concepts of the balanced scorecard, and why it is gaining so much attention in corporate organisations. You will learn a systematic, nine-step methodology for building and implementing the balanced scorecard. Performance measurement software will be illustrated to show how you can use tools to assist in setting up scorecards, and in collecting and reporting strategic information. You will also learn about some of the challenges and pitfalls of strategic management, and how to deal with them.
What will be covered?
• Basic concepts of the balanced scorecard and how it can be used to improve organisation performance
• How the balanced scorecard applies to different types of organisations
• How to build and implement a balanced scorecard
• How to develop more meaningful performance measures
• The correct sequence of steps that are necessary to build a strategy-focused organisation
• How a scorecard system can drive a performance-based budget and employee accountability.
Target Audience
This course is recommended for executives, managers, planners and analysts who are seeking the best practical ideas in improving organisational performance.
Duration: 3 days
Lagos: March 28-30, July 12-14, Oct 26-28
Fee: N 150,000