In today’s competitive scenario, strategic management is a necessary part of any organization’s success. Adding the balanced scorecard can allow businesses to see exactly where they are going, and what needs to be changed to meet their long-term goals. It allows managers to better follow and understand not only how their staff is performing, but also how that performance relates to the overall growth of the organization.
The course will help you to diagnose the reasons for the lack of performance in an organization, develop the four perspectives of a balanced scorecard, aspects of performance measurement, understand how balanced scorecard can be used to improve the performance planning process, understand success factors for balanced scorecard implementation. You will also be able to create scorecard based KPIs, leading & lagging indicators for effective performance planning, use strategy maps to build integrated balanced scorecard.