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This course addresses the Challenges, Benefits, and Role of Finance in designing and implementing the Balanced Scorecard. The course is presented in three (3) building blocks as follows:
1. Balanced Scorecard Fundamentals
- What it is and how to use it
- Adopting and integrating the scorecard
- Understand why the BSC method can work for you
- Where does it fit into the Management Process
2. Building the Flexible and Comprehensive Scorecard Your Company Needs
- 3 Stages to building a scorecard that will work
- Improve your company's operating results with customized measures and initiatives
- Methods for successful application: Cascading and Change Management
3. Performance Reporting
- Implementing The BSC: Improve your performance reporting process
- Interpreting what measures tell you
- How to weight measures and avoid unintended pitfalls
- Role of initiatives in achieving targets and improving performance results
Learning Objectives
- Discover Balanced Scorecard (BSC) fundamentals
- Discover alignment with a workable Management Review Process
- Identify implementation phases for a BSC
- Identify key steps to managing change in an organization
- Recognize characteristics of the BSC as a performance reporting tool
Last updated/reviewed: April 16, 2018
5 Reviews (18 ratings)Reviews
Anonymous
(Vice President - Strategy, Corporate Dev..)
Good overview with helpful examples. A template for the student to practice with would be a nice addition, as would some more challenging review and exam questions.
Kevin Murray
(Manager of Finance at NYSTRS)
A good presentation on designing and implementing the balanced scorecard. Questions on the final were a little too easy.
Gina Alexander
(CFO at Non-hospital based healthcare company)
Content was great and very useful. I will find the slides handy as a reference guide.
Deborah Wiesman
(General Accounting Manager at Raydon Corporation)
I thought this course was very informative and gave a great understanding to the BSC.
Jose Maria Lopez
(Regional Manager of Accounting & Reporti.. at VF)
Great Course. Good material to have in mind.
Prerequisites
Course Complexity: Intermediate
Prerequisite: Exposure to corporate strategy
Advanced Preparation: None
Education Provider Information
Company:
Illumeo, Inc., 75 East Santa Clara St., Suite 1215, San Jose, CA 95113
Contact:
For more information regarding this course, including complaint and cancellation policies, please contact our offices at (408) 400- 3993 or send an e-mail to .