Interested in Digital Strategy in Q4 2020? Download our FREE whitepaper on this topic. This is an exclusive promotion being run on LinkedIn.

  Please register (it's free!) or login to view the remaining preview.
If you are logged in, your referral link [?] is automatically included below.
EMBED CODE (Copy and Paste)


DOCUMENT DESCRIPTION

Balanced Scorecard (BSC) Rapid Prototyping Toolkit allows you to implement a BSC management system within your organization in days, instead of weeks or months. It includes a proven framework for BSC rapid prototyping, along with associated tools, templates, and educational resources (listed below).

There is lack of consensus as to what a "balanced scorecard" is. To complicate matters, many organization initially start with developing a BSC without first developing its companion and arguably more important Strategy Map from which the BSC's Key Performance Indicators (KPIs) should be derived. A BSC is a feedback mechanism. The real intelligence like a GPS in a car come from a strategy map. Further complicating matters is organizations confuse strategic KPIs that belong in a scorecard from operational performance indicators (PIs) that belong in a dashboard.

This Strategy Map and Balanced Scorecard framework provides instructions on how to initially construct both instruments in a single day.

The documents in this Flevy business framework enable an effective and successful implementation method for a Strategy Map and its associated BSC. This method assures achieving a permanent, repeatable, and reliable BSC in days, not many weeks and months.

The purpose of this approach is to accelerate learning for the managers, remove misconceptions, and gain buy-in from managers and executives for applying the BSC to align the priorities and behavior of managers and employee teams with the executive team's strategy. A reason this method works is because it is engaging. The organization is designing the strategy map for their own organization, not of a fictitious organization. The managers relate to the strategic objectives formulated by the executive team. They are of their own company. People learn faster by doing.

This "quick start" approach starts with one day workshop with roughly 5-7 senior executives. This initial strategy map and its BSC is deliberately named BSC #0 because its purpose is not to provide usable information. That comes next. The next "iteration" is BSC #1, which will be more refined.

The following documents are included:

1. PowerPoint describing a Strategy Map and its associated Balanced Scorecard (this is the primary document, which you see above in the partial preview)
2. PDF describing the workshop
3. Word document with (1) two articles I have authored on this subject, and (2) Workshop Steps Overview
4. PDF of the first article ("The Perils and Promises of the Balanced Scorecard")
5. Sample Excel spreadsheet of the deliverable at end of the "quick start" workshop

Documents 2-5 are included in the secondary ZIP.

Got a question about the product? Email us at support@flevy.com or ask the author directly by using the form to the right. If you cannot view the preview above this document description, go here to view the large preview instead.

Source: Balanced Scorecard (BSC) Rapid Prototyping Toolkit PowerPoint document

 

Balanced Scorecard (BSC) Rapid Prototyping Toolkit

Sold by Gary Cokins (this author has 7 documents)

$179.00

ALL FEES INCLUDED
Add to Cart
  

This business document is categorized under the function(s):

It applies to All Industries

File Type: PowerPoint (ppt)

File Size: 2.4 MB

Number of Slides: 10 (includes cover, transition slides)

Related Topic(s): Balanced Scorecard

Purchase includes lifetime product updates. After your purchase, you will receive an email to download this document.

This product contains a supplemental ZIP document.

Initial upload date (first version): May 14, 2018
Most recent version published: May 14, 2018

Ask the Author a Question

Must be logged in Click here to log in






CUSTOMER TESTIMONIALS




SELECT CUSTOMERS

Since 2012, we have provided best practices to over 5,000 businesses and organizations of all sizes across the world—in over 130 countries. Below is just a very small sample of our customer base.



Did you know?
The average daily rate of a McKinsey consultant is $6,625 (not including expenses). The average price of a Flevy document is $65.



CUSTOMERS ALSO BOUGHT THESE DOCUMENTS

27-slide PowerPoint deck
$39.00
Author: PPT Lab
35-slide PowerPoint deck and supporting Excel workbook
$59.00
Author: Trinity
Excel workbook
$49.95
90-slide PowerPoint deck and supporting Excel workbook
$44.50
60-slide PowerPoint deck
$79.99
Excel workbook
$39.00
Author: Daniel M.
20-slide PowerPoint deck
Excel workbook
$25.00
70-slide PowerPoint deck
$49.00
6-page Word document and supporting ZIP
$20.00
22-slide PowerPoint deck
$20.00
Author: SlideKraft
54-slide PowerPoint deck
$49.00

 
RELATED TOPICS

TOP 10 TOPICS

Become your organization's resident expert on...

Digital Transformation
 
Strategy Development
 
Organizational Design (OD)
 
Performance Management
 
Post-merger Integration (PMI)
 
Organizational Culture (OC)
 
Business Transformation
 
Innovation Management
Interested in something else? Browse our 350+ Business Toolkits of best practices, each focused on a specific management topic.