Balanced Scorecard

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Balanced Scorecard & Strategy Map

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Introduction

Research shows that a majority of organizations fail to achieve their mission and are unable to deliver results promised by their strategic and operational plans. The reason behind such failure most often lies not with the strategy, but the organization’s ability to execute it.

The Balanced scorecard is a strategic planning and management system that is used extensively in organizations worldwide 
• To align business activities to the vision and strategy of the organization,
• Improve internal and external communications, and
• Monitor organization performance against strategic goals.

 A Balanced Scorecard framework can provide:
• Focus – Ensures an organization is doing the right things – not simply doing things right (helps avoid concentrating on perfecting a process that has little impact on critical outcomes).
• Alignment – Creates links between and across levels of your organization (particularly helpful to improve an issue that cuts across functional silos).
• Accountability – Spans departments and individuals (identifies what is strategically important, what performance level is needed, and who is responsible).
• Communication – Translates your high-level strategy into words that are meaningful and relevant throughout the organization.

Program provides a deep dive into Palladium’s XPP, based on the Kaplan-Norton strategy executio n approach, arming you with the necessary skills, tools, and foundations needed to clarify the strategy, drive performance, and optimize data for better decision-making.
This exclusive course provides a framework of education that focuses awareness and develops a comprehensive and common systems understanding that embeds strategy management and executio n capabilities in your organization—improving governance, agility, and performance.

Benefit:

  • Processes of effective strategy development and translation
  • Components of a complete strategy map
  • Steps to properly design a Balanced Scorecard
  • Methods and techniques necessary to cascade and align strategy
  • Principles of effective execution and governance
  • Key linkage points between strategy and operations
  • Processes and tools to monitor/test/adapt strategy and improve decision-making

 Course Content:

  • Balanced Scorecard Basics
  • Basic Principles of BSC
  • Why the Balanced Scorecard
  • Challenges of Implementing BSCs
  • Four perspectives of Performance
    • Creating the Strategy Map
  • Key benefits of strategy map
  • Techniques for building strategy map
  • Extend Map into measurements, targets and initiatives
  • Alignment of components
    • Concept in Action
    • Creating Strategic Goals that
  • Have clear outcomes
  • Focused on what the customers/stakeholders expect
  • Are at a strategic level
    • How to Set Specific Measures
  • Types of measurement
  • Defining KPIs
  • Defining outcomes & driver measures
  • Group activities: creating KPIs & measurement
    • How to create initiatives
  • Defining initiatives
  • Mapping initiatives to the strategic objectives
  • Creating your balanced scorecard.
    • Key Learning Points

[/vc_column_text][/vc_tta_section][vc_tta_section title=”How to Register” tab_id=”1445945243925-86aeb5fe-cc31″][vc_column_text]Timings: 9:30 am – 5:30 pm, Registration begins at 9:00 am

How to Register:
• Fees: Rs. 8,500 /-
+ 15.00% service tax per person.
• Please write to register@princetonacademy.co.in/Call -022 66976892/74
• Mention the name of participant, company, contact details.

• Fees include lunch, tea, course material etc.[/vc_column_text][/vc_tta_section][vc_tta_section title=”Faculty” tab_id=”1473750285929-ead29565-14a4″][vc_column_text]Mr. Ashis Sen

  • Head – Training, Balanced Scorecard (Strategy Building, Translation, Monitoring and Review) in Hindustan Petroleum Corporation Limited.
  • Has been recognized by Dr. Daniel Goleman and Dr. Richard Boyatzis the two legends in the field of EI and Leadership for his outstanding work and contribution in the field of EI.
  • Ashis Sen has functioned as a key member of the team of coaches entrusted with the Change Initiative at HPCL for 5 years.
  • Ashis Sen is certified on: Executive Coaching from the renowned Hay Group.
  • Sen received the Palladium Balanced Scorecard Hall of Fame for Excellence in Strategy Execution
  • He visited Harvard Business School, Boston USA, in May 2010 on their invite to build case study on communication practices and visioning process adopted at HPCL.
  • He was invited by Dr Cary Cherniss of Rutgers University, US for delivering a talk at the EI consortium meet at Boston.
  • His work has been appreciated by Dr. Richard Boyatzis and Dr. Daniel Goleman who are pioneers in the field of Leadership and Emotional Intelligence.
  • Sen has authored a book titled “Fuelling Success” on the transformation of HPCL
  • Sen’s articles have been published in International Magazines like Reflections and Systems Thinker, Balanced Scorecard Report (Harvard Business Publishing), Times of India, Human Factor, Petrotech, amongst other leading journals.

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Timings: 9:30 am – 5:30 pm, Registration begins at 9:00 am

How to Register:
• Fees: Rs. 8,500 /-
+  15% service tax per person.
• Please write to register@princetonacademy.co.in/Call -022 66976892/74
• Mention the name of participant, company, contact details.

• Fees include lunch, tea, course material etc.[/vc_column_text][/vc_column][/vc_row][vc_row][vc_column][vc_column_text]register_button[/vc_column_text][/vc_column][/vc_row]