Comprehensive Overview of Balanced Scorecard Process PPT

This PPT slide, part of the 60-slide Introduction to Balanced Scorecard PowerPoint presentation, outlines the dual components of the Balanced Scorecard process: Scorecard Design and Scorecard Implementation/Roll-out. It emphasizes that designing the scorecard is just one part of a broader strategic framework.

Starting with Scorecard Design, the process begins with establishing the Strategic Intent, which is crucial for aligning the scorecard with overarching corporate goals. Following this, the development and finalization of objectives take place, ensuring they are specific and measurable. The next step involves determining baselines and setting targets, which are essential for tracking performance and progress.

Transitioning to Scorecard Implementation, the slide indicates that incorporating scorecard reviews into business management meetings is vital. This ensures that the scorecard remains a focal point in decision-making processes. Managing business activities according to the scorecard is highlighted as a key action, reinforcing the need for alignment between strategy and execution.

Communication is another critical element, as it involves disseminating the scorecard throughout the organization to foster understanding and engagement. The slide also discusses the development and implementation of business unit and section scorecards, which are necessary for ensuring alignment at all organizational levels.

Ongoing review and refinement of the scorecard are emphasized, suggesting that it should evolve in conjunction with the strategic review process. This iterative approach allows for continuous improvement and adaptation to changing business environments. Overall, the slide presents a comprehensive view of how the Balanced Scorecard serves as a tool for strategic alignment and performance management.

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Balanced Scorecard Performance Management Continuous Improvement