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    Balance Scorecard Training

    Over the past several decades, organizations have come to realize that success cannot only be measured in dollars and cents. Intangible assets (like a company’s reputation, the knowledge base created by their employees, and training initiatives) can make up a huge portion of a company’s wealth. It only makes sense, then, that we need a new tool to help us measure this expanded definition of success. Enter the balanced scorecard! This tool and its related components will help your organization identify, document, plan, and execute a balanced strategic mission. It will also help your organization evaluate and revise its strategic execution.

    This one-day workshop will introduce you to the basics of the balanced scorecard and help you determine if this powerful tool is a good fit for your organization

    What Will Students Learn?

    • Define what the balanced scorecard is and its benefits
    • Describe common balanced scorecard pitfalls & how to avoid them
    • Determine if the balanced scorecard is right for your organization
    • Describe the key elements of the balanced scorecard process
    • Identify a strategy map, tactical action plan, and balanced scorecard
    • Create a vision statement for the balanced scorecard
    • Understand what corporate values, mission statements, and vision statements are and how they tie into the balanced scorecard
    • Understand what processes support the balanced scorecard

    What Topics are Covered?

    • Understanding the balanced scorecard
    • The ingredients for success
    • Overview of the balanced scorecard process
    • Creating a project vision statement
    • Understanding organizational mission, vision, and values
    • Plans and processes to build
    • Building balanced scorecard teams