Description
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
