If you are logged in, your referral link [?] is automatically included below.
EMBED CODE (Copy and Paste)
BENEFITS OF DOCUMENT
You will learn the entire strategy development and execution process from practicing management consultants- the secret of the pros. To the point- no fluff.
Obtain a unique, comprehensive, ready-to-use template of the Performance Scorecard to generate a consolidated organization level and department level scores of performance
Tool aids in superior strategy execution, breaking down department silos and facilitating cross-functional collaboration
DOCUMENT DESCRIPTION
The Performance Scorecard is a unique framework that acts as an invaluable tool for senior management to cut through the clutter of reviewing multiple (and at times irrelevant) department Key Performance Indicators (KPIs) and provides a single view dashboard to aid performance tracking & strategy execution.
It provides a consolidated template for laying out the organization strategy and an inter-department comparable scoring system that can tracked over time to show the performance trend.
In addition, it facilitates cross-functional collaboration by identifying inter-dependencies and highlighting areas that need coordinated inter-department actions to achieve necessary goals. By prioritizing the most important organizational goals, it alleviates department silo mentality and narrow focus on departmental KPIs
The presentation deck will take you step by step through the entire strategy development and execution process, including the role of the Performance Scorecard. Learn to put into the practice the key steps in the strategy development and execution process-
1. Developing the organization Vision: Know the key elements that define a successful organization vision.
2. Formulating Mission, Objectives and Programs/ Initiatives: Learn how each of these flows sequentially to translate the broad organization vision into key actions at the ground level
3. Strategy Mapping: Learn from a practitioner about one of the most popular strategic management tools in use today- the Balanced Scorecard (BSC), including-
a. Four perspectives of the Balanced Scorecard (Financial, Customer, Internal Business Process, Learning & Development)
b. How to use strategy maps to capture the cause and effect relationships that eventually drive financial returns
c. Sample lists of metrics including leading and lagging indicators for each BSC perspective
d. How to cascade scorecards to align the entire organization towards key goals
4. Performance Tracking: Learn how to use the Performance Scorecard to see exactly how the organization is performing on each key metric and at an aggregate level with the consolidated score. Individual department performance is also represented by an inter-department comparable score.
5. Feedback and Review: Track the performance trend over multiple periods, identify critical variances and take corrective action to address issues in strategy execution.
The excel workbook complete with professional formatting, formulas and macros provides a ready to use template for the Performance Scorecard:
• Key in the required input data and the template will generate a single consolidated score at an organizational level, as well as department scores that can be compared to show relative performance.
• Graphically see the month on month performance trend in this consolidated score
• See performance trend for the individual KPIs as well through miniature cell graphs
• In built traffic lights (Green = equal to or better than ideal/ budget target; Yellow = below target but manageable; Red = very low compared to ideal target) give a quick visual indication of performance on each KPI
• Explicitly identify departmental responsibilities and areas that require cross-functional coordination
Additional Notes:
a. Excel template requires Microsoft Excel 2010 and above
b. Please read the instruction provided on the cover tab of excel template before beginning
c. Also please enable macros for the document
---NOW UPDATED TO INCLUDE FACILITATOR NOTES AND PARTICIPANT EXERCISES----
Got a question about the product? Email us at [email protected] or ask the author directly by using the form to the right. If you cannot view the preview above this document description, go here to view the large preview instead.
Download our free compilation of 50+ Strategy & Transformation slides and templates. Frameworks include McKinsey 7-S Strategy Model, Balanced Scorecard, Disruptive Innovation, BCG Experience Curve, and many more.
To receive this free download, enter your email address below and click the "Email Me" button.
"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
"If you are looking for great resources to save time with your business presentations, Flevy is truly a value-added resource. Flevy has done all the work for you and we will continue to utilize Flevy as a source to extract up-to-date information and data for our virtual and onsite presentations!"
– Debbi Saffo, President at The NiKhar Group
"My FlevyPro subscription provides me with the most popular frameworks and decks in demand in today’s market. They not only augment my existing consulting and coaching offerings and delivery, but also keep me abreast of the latest trends, inspire new products and service offerings for my practice, and educate me in a fraction of the time and money of other solutions. I strongly recommend FlevyPro to any consultant serious about success."
– Bill Branson, Founder at Strategic Business Architects
"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 have been able to exceed expectations and deliver quality advice and solutions to my clients. The quality and expertise of the authors are exemplary and gives me great confidence to use as part of my service offerings.
I highly recommend this company for any consultant wanting to apply international best practice standards in their service offerings. "
– Nishi Singh, Strategist and MD at NSP Consultants
"[Flevy] produces some great work that has been/continues to be of immense help not only to myself, but as I seek to provide professional services to my clients, it give me a large "tool box" of resources that are critical to provide them with the quality of service and outcomes they are expecting."
– Royston Knowles, Executive with 50+ Years of Board Level Experience
"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 the material for specific purposes helped us to make presentations, knowledge sharing, and toolkit development, which formed part of the overall program collateral. While FlevyPro contains resource material that any consultancy, project or delivery firm must have, it is an essential part of a small firm or independent consultant's toolbox."
– Michael Duff, Managing Director at Change Strategy (UK)
"I have used FlevyPro for several business applications. It is a great complement to working with expensive consultants. The quality and effectiveness of the tools are of the highest standards."
– Moritz Bernhoerster, Global Sourcing Director at Fortune 500
"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
"The wide selection of frameworks is very useful to me as an independent consultant. In fact, it rivals what I had at my disposal at Big 4 Consulting firms in terms of efficacy and organization."
– Julia T., Consulting Firm Owner (Former Manager at Deloitte and Capgemini)
"I have used Flevy services for a number of years and have never, ever been disappointed. As a matter of fact, David and his team continue, time after time, to impress me with their willingness to assist and in the real sense of the word. I have concluded in fact that it is not at all just a repository of documents/resources but, in the way that David and his team manage the firm, it is like dealing with consultants always ready to assist, advise and direct you to what you really need, and they always get it right.
I am an international hospitality accomplished senior executive who has worked and lived during the past 35 years in 23 countries in 5 continents and I can humbly say that I know what customer service is, trust me.
Aside from the great and professional service that Flevy's team provide, their wide variety of material is of utmost great quality, professionally put together and most current.
Well done Flevy, keep up the great work and I look forward to continue working with you in the future and to recommend you to a variety of colleagues around the world."
– Roberto Pelliccia, Senior Executive in International Hospitality
SELECT CUSTOMERS
Since 2012, we have provided best practices to over 5,000 businesses and organizations of all sizes across the world—in over 130 countries.
Below is just a very small sample of our customer base.
Did you know?
The average daily rate of a McKinsey consultant is $6,625 (not including expenses). The average price of a Flevy document is $65.
Download our free compilation of 50+ Strategy & Transformation slides and templates. Frameworks include McKinsey 7-S Strategy Model, Balanced Scorecard, Disruptive Innovation, BCG Experience Curve, and many more.