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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 email@example.com or ask the author directly by using the "Ask the Author a Question" form. If you cannot view the preview above this document description, go here to view the large preview instead.
Source: Best Practices in Balanced Scorecard PowerPoint Slides: Balanced Scorecard (BSC) Rapid Prototyping Toolkit PowerPoint (PPT) Presentation, Gary Cokins
ABOUT THE AUTHOR: GARY COKINS
Gary Cokins is an internationally recognized expert, speaker, and author in business analytics enterprise and corporate performance management (EPM/CPM) improvement methods (e.g., strategy map and its balanced scorecard; product, channel, customer profitability reporting usinf activity-based costing; driver-based rolling financial forecasts).
He is the founder of Analytics-Based Performance Management, an advisory firm located in Cary, North Carolina. Gary received a BS degree with honors in Industrial Engineering/Operations Research from Cornell University in 1971. He received his MBA with honors from Northwestern University's Kellogg School of Management in 1974.
Gary began his career as a strategic planner with FMC's Link-Belt Division and then served as Financial Controller and Operations Manager. In 1981 Gary began his management consulting career first with Deloitte consulting, and then in 1988 with KPMG consulting. In 1992 Gary headed the National Cost Management Consulting Services for Electronic Data Systems (EDS) now part of HP. From 1997 until 2013 Gary was a Principal Consultant with SAS, a leading provider of business analytics software.
His two most recent books are Performance Management: Integrating Strategy Execution, Methodologies, Risk, and Analytics, and Predictive Business Analytics. His books are published by John Wiley & Sons.
This business document is categorized under the function(s): Operations Strategy, Marketing, & Sales
It applies to All Industries
File Type: PowerPoint (ppt)
File Size: 2.4 MB
Number of Slides: 10 (includes cover, transition, & marketing 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
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