Strategy Classics: Balanced Scorecard (BSC) (PowerPoint PPTX)

DESCRIPTION

The Balanced Scorecard (BSC), developed by Robert Kaplan and David Norton, is a Strategic Performance Management System. It is a semi-standard structured report, supported by proven design methods and automation tools, that can be used by managers to keep track of the execution of activities by the staff within their control and to monitor the consequences arising from these actions.

Whereas conventional Performance Management focus on financial metrics, the BSC is "balanced," in that it takes into consideration non-financial metrics as well. Specifically, the Balanced Scorecard approach takes into account 4 areas of measurement:

1. Financial Measures
2. Customer Relationships
3. Internal Business Processes
4. Learning and Growth

The Balanced Scorecard also relies on 4 key management processes to connect short-term activities to long-term objectives:

1. Translating the Vision
2. Business Planning
3. Communicating and Linking
4. Feedback and Learning

The BSC approach to Strategic Management is a continuous, iterative process.

The slide deck also includes some slide templates for you to use in your own business presentations.

This presentation offers a comprehensive primer on the Balanced Scorecard (BSC) methodology, guiding you through its core principles and practical applications. It emphasizes the importance of aligning departmental and individual goals with the overall corporate strategy, ensuring that every level of the organization is working towards common objectives. The BSC framework is presented as a robust tool for managing strategy implementation, allowing for continuous evolution and adaptation.

The slide deck also delves into the strategic learning aspect of the BSC, highlighting how it facilitates a holistic approach to linking individual efforts with broader business unit objectives. It underscores the value of a strategic feedback system, enabling management to test, validate, and refine business strategies in real-time. The included templates provide a practical resource for developing your own Balanced Scorecard, ensuring that you can effectively communicate and execute your strategic vision.

Got a question about the product? Email us at flevypro@flevy.com. If you cannot view the preview above this document description, go here to view the large preview instead.

Source: Best Practices in Performance Management, Balanced Scorecard, Strategy Map, Strategic Management PowerPoint Slides: Strategy Classics: Balanced Scorecard (BSC) PowerPoint (PPTX) Presentation, LearnPPT Consulting