Principles of the Balanced Scorecard

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Objective

It is over a decade since Kaplan and Norton first introduced the Balance Business Scorecard (BSC) providing a business tool that is recognised as one of the most significant contributions to current management thinking. This new version of our one-day course is an overview of the BSC, providing delegates with an insight into how this tool can help translate vision and strategy into objectives and, critically, create measures that monitor the real improvements that can be achieved by the organisation.

For further information, training pack licences, or booking details for this course, please email us at MEC.Courses@mecservices.co.uk.  or telephone 01502 512814.

The course, with its emphasis on both concepts and practice, would appeal to those senior managers who feel they need a framework to help them implement business strategy. It would also appeal to Finance, IT and HR professionals who have the responsibility of implementing and monitoring corporate strategy. In addition to the course materials all attendees will receive their own copy of Kaplan and Norton’s book ‘The Strategy Focused Organisation’ published by HBS Press.

No previous knowledge of the Balanced Scorecard is required for this course but some management experience would be of value.

We can also offer a version of this course that is tailored at managers with responsibility for the Information Technology function. The course includes the standard content, as described below, and an additional section devoted to the creation of an IT scorecard.

Implementing the Balanced Scorecard

We have also updated our in-house 2 days, workshop based, course to help you implement the Balanced Scorecard. We can provide a full consultancy service that will take you through the whole process of creating an initial Balanced Scorecard for your organisation as well as on-going support  (This is also now available as a public course.)

Implementing the Balanced Scorecard Details

"Principles of..." Course Agenda

1) Introduction

2) Part 1 - Measurement and Strategy

• Measurement and Strategy

• Performance Management Frameworks

3) Part 2 - Introducing the Balanced Scorecard

• Background

• Scorecard Perspectives

• Strategic Themes

• Balancing the Scorecard

4) Part 3 - Building the Balanced Scorecard

• The Strategic Vision

• The Strategy Map

• Measures / Targets / Initiatives

5) Part 4 - Working with the Balanced Scorecard

• Cascading - Internally / Externally
• The New Management System

Course Programme and Costs

1) Public Course

There will be a 20-minute break in both the morning and afternoon sessions.

b) Course Cost: £395 per participant (+ VAT) N.B. Course cost includes lunch, refreshments and all course materials.

c) Please note that this course operates with a maximum of 15 attendees and a minimum of 5.

d) Our course schedule

2) In-house course

a) Programme: Details to be agreed between your company and MEC Services

b) Course Dates: Course is usually available about 4 weeks after agreement on the Programme

c) Course Cost: 1 - 5 Attendees £1,675 (+ VAT), 6 - 10 Attendees £2,305, 11 - 15 Attendees £3,095

d) We offer a range of discounts, subject to certain conditions, for small and medium sized businesses on in-house courses

N.B. These prices assume that you will be bearing the cost of the course venue and excludes all attendee meals and accommodation; however, it does include all course materials and Course Director's expenses.

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