Balanced Scorecard Strategy Map (Excel XLS)

BALANCED SCORECARD EXCEL DESCRIPTION

This product (Balanced Scorecard Strategy Map) is an Excel template (XLS), which you can download immediately upon purchase.

Effectively developing and communicating high-level business strategy is essential for organizations looking to achieve market leadership. Additionally, creating a results-oriented culture requires a comprehensive management system. You can use this Balanced Scorecard Strategy Map tool as a basis for implementing a proven business performance management methodology.

What is the Balanced Scorecard Approach?
Developed in 1992 by Kaplan & Norton, the Balanced Scorecard provides: a method for aligning business strategy with vision & mission; a system for developing key performance indicators that drive success; and the ability to measure performance across the four key perspectives:
•  Financial
•  Customer
•  Business Process
•  Learning & Growth

A visual strategy map is created where strategic objectives, measures, targets, and initiatives are developed for each perspective.

Strategy Map Components:
•  Mission – this is the purpose of the business used to guide internal staff.
•  Vision – includes long-term goals that are external and market focused.
•  Financial Perspective – measures that reflect financial performance such as return on assets, liquidity ratios, or return on investment/payback period hurdle rates.
•  Customer Perspective – measures that have a direct impact on customers such as segment growth, acquisition & retention rates, satisfaction, or competitive rankings.
•  Business Process Perspective – these metrics are key performance indicators of key business processes related to sustaining supplier relationships, producing products/services, distribution to customers, and other business operations.
•  Learning & Growth Perspective – measurements associated with the ability to develop human, information, and organization capital.

With this tool, you will be able to communicate to your team from a number of perspectives.

Key Benefits:
•  Allows for description of key objectives
•  Clearly depicts metrics & KPIs
•  Facilitates communication with team
•  Easy to customize
•  Save 4 hours on formatting

This template includes detailed objectives, initiatives, and KPIs for each perspective, ensuring your strategy is actionable and measurable. It provides a clear framework for aligning your team’s efforts with your strategic goals.

Source: Best Practices in Balanced Scorecard Excel: Balanced Scorecard Strategy Map Excel (XLS) Spreadsheet, Demand Metric