New training program on Balanced Scorecard System
Balanced scorecard system is generally recognized as the most effective tool to automate business management processes and evaluate business performance. One of the most prominent differences of Balanced Scorecard System as compared to other performance evaluation tools is that balanced scorecard system started to evaluate operational indicators which are also called nonfinancial. Before, only financial indicators where measure. But in order to achieve financial results something needs to be done on the operational level.
Balanced scorecard system will help business owners and managers create strategy maps, formulate strategic plans, develop instruments and measures to reach strategic goals. However, the system is not very easy to use, implement and maintain. Balanced scorecard is the tool that gives competitive advantage in the long term only in case it is properly used.
Training program will give answers to many questions
Developers from AKS-LABS offer audio training which will answer many questions concerning balanced scorecard, stages of its implementation, tips for managers as well as testing issues. In fact, this 5-hour training will provide managers who are in charge of implementing balanced scorecard with great support and assistance.
What issues are covered in this training? The material is sorted out according to the stages of implementation and maintenance of balanced scorecard. So, the first stage is designing balanced scorecard system itself. It is very important that all employees in the company understand their contribution to implementation of balanced scorecard. The training will give answers on how to motivate employees and involve them in the evaluation process. Also, general questions on balanced scorecard will be answered. These are questions like what balanced scorecard system is, or what issues will be covered in the training.
The next step involves selection of the right KPIs. The problem is that the wrong choice of KPIs will result in wrong actions which makes it impossible to reach strategic goals. The training will help you select the right KPIs and learn to use them to measure business performance. In other words, you will hear answers to questions like “How many KPIs do I need”, “What KPIs should I evaluate” and so on.
The last stages refer to building strategic maps and testing balanced scorecard, i.e. using it in real business. This action will cover issues of cascading schemes, relations between different company levels, etc.
Parts of training program
By purchasing this training program you’ll get access to valuable firsthand information from specialists in the field of balanced scorecard business performance evaluation tools.
Tags: bsc strategic map, kpi evaluation
