Implementing Balanced Scorecard: A 26-Month Framework PPT

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.

Download the Full Presentation

EXPLORE MORE SLIDES FROM THIS PRESENTATION

EXPLORE MORE PRESENTATIONS ON

Balanced Scorecard Strategy Deployment & Execution Corporate Strategy Strategy Execution

Are you familiar with Flevy? We are you shortcut to immediate value.

Flevy provides business best practices—the same as those produced by top-tier consulting firms and used by Fortune 100 companies. Our best practice business frameworks, financial models, and templates are of the same caliber as those produced by top-tier management consulting firms, like McKinsey, BCG, Bain, Deloitte, and Accenture. Most were developed by seasoned executives and consultants with 20+ years of experience.

Trusted by over 10,000+ Client Organizations

Since 2012, we have provided best practices to over 10,000 businesses and organizations of all sizes, from startups and small businesses to the Fortune 100, in over 130 countries.

Flevy is the world's largest knowledge base of best practices.

Leverage the Experience of Experts.

Find documents of the same caliber as those used by top-tier consulting firms, like McKinsey, BCG, Bain, Deloitte, Accenture.

Download Immediately and Use.

Our PowerPoint presentations, Excel workbooks, and Word documents are completely customizable, including rebrandable.

Save Time, Effort, and Money.

Save yourself and your employees countless hours. Use that time to work on more value-added and fulfilling activities.

Read Customer Testimonials

"As a consulting firm, we had been creating subject matter training materials for our people and found the excellent materials on Flevy, which saved us 100's of hours of re-creating what already exists on the Flevy materials we purchased."

– Michael Evans, Managing Director at Newport LLC

"As a small business owner, the resource material available from FlevyPro has proven to be invaluable. The ability to search for material on demand based our project events and client requirements was great for me and proved very beneficial to my clients. Importantly, being able to easily edit and tailor

... [read more]

– Michael Duff, Managing Director at Change Strategy (UK)

"As a young consulting firm, requests for input from clients vary and it's sometimes impossible to provide expert solutions across a broad spectrum of requirements. That was before I discovered Flevy.com.

Through subscription to this invaluable site of a plethora of topics that are key and crucial to consulting, I

... [read more]

– Nishi Singh, Strategist and MD at NSP Consultants

"I have found Flevy to be an amazing resource and library of useful presentations for lean sigma, change management and so many other topics. This has reduced the time I need to spend on preparing for my performance consultation. The library is easily accessible and updates are regularly provided. A wealth of great information."

– Cynthia Howard RN, PhD, Executive Coach at Ei Leadership

"Flevy is our 'go to' resource for management material, at an affordable cost. The Flevy library is comprehensive and the content deep, and typically provides a great foundation for us to further develop and tailor our own service offer."

– Chris McCann, Founder at Resilient.World

"Flevy.com has proven to be an invaluable resource library to our Independent Management Consultancy, supporting and enabling us to better serve our enterprise clients.

The value derived from our [FlevyPro] subscription in terms of the business it has helped to gain far exceeds the investment made, making a subscription a no-brainer for any growing consultancy – or in-house strategy team."

– Dean Carlton, Chief Transformation Officer, Global Village Transformations Pty Ltd.

"FlevyPro provides business frameworks from many of the global giants in management consulting that allow you to provide best in class solutions for your clients."

– David Harris, Managing Director at Futures Strategy

"I am extremely grateful for the proactiveness and eagerness to help and I would gladly recommend the Flevy team if you are looking for data and toolkits to help you work through business solutions."

– Trevor Booth, Partner, Fast Forward Consulting