Balanced Scorecard

Balanced Score Card

The complete implementation of this process can spread over 3 months - with minimum of 15-20 days of training intervention.

At the highest level, the Balanced Scorecard is a framework to help organizations to clarify their vision and strategy and translate them into operational objectives that drive both performance and behavior. It is a management system that uses measurement to provide feedback on internal processes and external outcomes in order to improve strategic performance and operational results. The Balanced Scorecard has become established management best practice for many of the world’s leading businesses.

This workshop provides delegates with a practical understanding of how to build and implement a Balanced Scorecard within a financial services institution. The Balanced Scorecard is used by a growing number of financial institutions around the world and is a strategy management framework that generally comprises one financial and three non-financial perspectives, each perspective includes strategic objectives and a corresponding set of strategic measures, targets and initiatives.

Curriculum:

This workshop will explain how the Balanced Scorecard can help financial services organizations meet these challenges and balance long term strategy with short term needs.
� Balanced Scorecard �How, why and when to use
� The Balanced Scorecard Described �Strategy Map and Four Perspectives
� Building Strategy Map for Financial Services Organization
� Selecting the metrics that will support the strategic objectives and the targets that will support the metrics
� Selecting Initiatives
� Cascading the Balanced Scorecard: Structural Challenge, Cultural Challenge
� Choosing a software solution for Balanced scorecard automation
� Aligning budgeting and planning to strategy through the Balanced Scorecard
� Next Steps for Participants �How to bring value to current organization via Balanced Scorecard

Participant Mix:

Managers in Banking, Insurance and Financial sector with titles ranging from Chairman to General Manager to Vice President, Strategy and Change Consultants, Strategy Advisories, Managers in KPOs, Academics, HR Executives

Join this course if you -

i. Wish to get an international certification in area of their expertise, thereby not only building their already acquired skill level but also ensuring that your CV makes you look more involved in that topic.

ii. Want to know the latest research work happening in the area of their interest. This would certainly help them to get an extra edge over peers

iii. Seek to network with people from other companies in related field

iv. Strive to go that ’,extra distance’, to learn and apply new concepts in existing organization

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