This PPT slide, part of the 34-slide Balanced Scorecard PowerPoint presentation, outlines a structured 26-month approach for implementing a Balanced Scorecard (BSC) as a strategic management system. It emphasizes the importance of clear communication and alignment across various levels of management. The process begins with a focus on clarifying the vision, where a newly formed executive team collaborates for 3 months to translate a generic vision into a coherent strategy. This initial phase is crucial for building consensus and commitment among stakeholders.
Following this, the slide details the development of business unit scorecards. Each unit uses the corporate scorecard as a template to align its strategy with the overarching goals. This ensures that all business units are moving in the same direction, fostering a unified approach to strategy execution.
The next steps involve eliminating non-strategic investments. By clarifying strategic priorities, the corporate scorecard identifies programs that do not contribute to the overall strategy, allowing resources to be reallocated effectively. This is complemented by the launch of corporate change programs, which are initiated based on the insights gained from the scorecard.
As the process evolves, there is a review phase where business unit scorecards are assessed by the CEO and executive team. This review not only allows for oversight, but also enables the CEO to engage meaningfully in shaping the strategies of individual business units. Finally, the vision is refined based on insights from the scorecard reviews, ensuring that the corporate strategy remains relevant and responsive to emerging issues. This structured approach is designed to facilitate a comprehensive adoption of the BSC framework, enhancing strategic alignment and execution.
This slide is part of the Balanced Scorecard PowerPoint presentation.
Designed by a firm of ex-consultants from McKinsey, E&Y, and Bearing Point, this presentation explains Kaplan and Norton's Balanced Scorecard, a classic framework on strategic management.
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