Balanced Scorecard Basics

You will begin this course by learning what the balanced scorecard is and what types of organizations it is most useful for. Then, you will review some sample scorecards, strategy maps, and tactical action plans. You will also learn how to develop your organization’s mission, vision, and values (which form the basis for the balanced scorecard); a project vision statement; plans to implement the scorecard; and balanced scorecard teams.
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Learning Objectives:
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- Define what the balanced scorecard is
- Identify the benefits of the scorecard
- Describe the common balanced scorecard pitfalls and how to avoid them
- Determine if the balanced scorecard is right for your organisation
- 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 process
- Identify the components of supporting balanced scorecard plans
- Understand what processes you will need to support the balanced scorecard  Identify the members of different balanced scorecard teams

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Other Related Courses in Business Planning Courses:
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- Basic Business Management - Boot Camp for Business Owners
- Budgets and Managing Money
- Business Succession Planning - Developing and Maintaining a Succession Plan
- Crisis Management
- Developing a High-Reliability Organisation
- Encouraging Sustainability and Social Responsibility in Business
- Logistics and Supply Chain Management
- Risk Management
- Strategic Planning