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Balanced Scorecard Training Bonuses

Training and coaching on how to test and update the Balanced Scorecard

eTraining: Test and update Balanced Scorecard

eTraining: Test and update Balanced Scorecard

In the part of the training will explain how to test your Balanced Scorecard system. The duration of the training part: 58 min. Coaching part includes 1 exercise.

In this part of the training we will discuss problems associated with testing current balanced scorecard and finding some problems inside, as well as regular update of your scorecard:

  • Why we actually need to test and to update our Balanced Scorecard regularly;
  • What are simple questions that you can ask your employees to test your Balanced Scorecard implementation quality;
  • We summarize all main ideas about testing and updating the scorecard into the checklists;

Play Example: checking the number of financial indicators in your KPI.

In the coaching part of the training we discuss:

  • What if Balanced Scorecard is used by top management only?
  • What if your employees work only to improve the values of indicators and not to achieve business goals?
  • What if you have too many indicators?
  • What communication channels should exists in the company for Balanced Scorecard;
  • How to check if the scorecard is actually linked to your strategic goals;
  • How to test Balanced Scorecard cascading and strategy maps in your company;
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Training and Coaching

Learn about cascading with Balanced Scorecard – BSC and KPI training and coaching

eTraining: Cascading and Balanced Scorecard

eTraining: Cascading and Balanced Scorecard

Cascading is the principle of combining strategy maps and scorecards from different levels of your organization. The duration of the training part: 54 min. Coaching part includes 1 exercises.

This part of the training includes practical information about how to combine balanced scorecards from different levels and how create these scorecards and what to do if we face some collisions:

  • What is cascading applied to Balanced Scorecard;
  • Why we cannot use just one big Balanced Scorecard;
  • When creating the cascade start with business problem;
  • Find out if cascade of balanced scorecards fit the organizational structure of your business;
  • Follow simple steps to create, modify and support the cascading scheme;

In the coaching part of the training we answer some important questions about cascading:

  • What is the sign that we need to use cascading?
  • Do we need scorecard for team, for business unit or for individual?
  • How to represent the importance of your strategic goals in the cascading scorecard
  • How to represent cascading visually;
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Training and Coaching

How to design Strategy Maps – the part of BSC training and coaching

eTraining: Strategy Map and Balanced Scorecard

eTraining: Strategy Map and Balanced Scorecard

In the second part of the training you will learn how to define your strategic goals and create strategy maps. The duration of the training part: 65 min. Coaching part includes 1 exercise.

In this part of the BSC training we will talk about your strategic goals and creation of the strategy maps. Actually, the purpose of Balanced Scorecard is to link your strategy to action and that is what we will explain in this part of the training:

  • Why businesses need strategy maps? We talk about strategy maps as a visualization tool.
  • What steps you need to do to go from the vision and mission statements to the strategy maps.

In the coaching part of the training we answer some questions about Strategy Maps:

  • Who should design strategy maps, who should be involved in the process of creation;
  • How often should the strategy map be reviewed;
  • Can we use just Balanced Scorecard or should we combine strategy maps and BSC;
  • What stages of strategy map design we need to pass to design great strategy map;

Play Example: summary about strategy maps.

In this part of the training we also discuss the algorithm for the design of strategy maps:

  • How to define strategic goals;
  • What time frame should we use;
  • How can we link strategy map to indicators;
  • How to automate the creation of strategy maps with software;
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Training and Coaching

Training and coaching on how to desing Key Performance Indicators (KPI)

eTraining: design winning KPIs

eTraining: design winning KPIs

In the part of the training will explain how to design winning Key Performance Indicators (KPIs). The duration of the training part: 60 min. Coaching part includes 2 exercises.

In this part of the training you will learn how to create winning KPIs:

  • What is actually one indicator? What properties are there?
  • Who should design KPI? Who stakeholders are? How to use the Balanced Scorecard consulting service.
  • How to link indicators to your strategic goals
  • What indicators are good and what indicators are bad? How to check them!

When we are talking about KPIs, we want you to remember, that KPIs are just the model of the business, not business itself, that’s why on one hand you cannot measure all 100% of your business with KPIs, but on the other hand you can measure the significant part of the business and control its performance.

Play Example: answering the question about the number of indicators.

During the coaching section we answer the questions:

  • What is the best number of indicators;
  • How to check indicators that you already have;
  • How to analyze the values of indicators in time; What is the value didn’t changed in a month?
  • We explain who should update indicators and how;
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Training and Coaching

Training and coaching about building Balanced Scorecard

eTraining: How to build Balanced Scorecard

eTraining: How to build Balanced Scorecar

In the second part of the training you will learn how to build the balanced scorecard. The duration of the training part: 60 min. Coaching part includes 2 exercises + bonus.

In this part of the training you will learn how to build the Balanced Scorecard:

  • This part of the training explains the processes of building Balanced Scorecard;

Play Example: key rules about updating scorecard regularly.

Why do we really need Balanced Scorecard? To connect the strategy and action, and that is actually the purpose of the training. To explain how to connect the strategy of your company to the action of your line-level employees with Balanced Scorecard

  • We explain what all Balanced Scorecard terms mean: BSC, Balanced Scorecard, KPI, dashboard
  • We explain why using financial indicators is something that limits your business a lot;
  • Our training includes practical approach to building Balanced Scorecard – we should how to start with business problem and move to the indicators and actions that will be linked to indicators;

During the coaching session we have answered questions about Balanced Scorecard design process, such as:

  • What is the best number of indicators in each category
  • How many categories and sub-categories should we use
  • How can one define priorities with Balanced Scorecard
  • What is the best scale for weights
  • What to do if target values were achieved
  • How many tasks and indicators should be assigned to one employee

This part of the training also includes some other key aspects about Balanced Scorecard and the main benefit of this training is that you will understand how to start with your strategic goal and create indicators that will help you measure your progress and achieve your strategic goal.

In the coaching part of the training we ask you to do 2 exorcises, that will help you to start with your brainstorming process associated with Balanced Scorecard design.

Bonus

The bonus for this part is “How to calculate values of indicators” 3-pages document that explains how to calculate the values of the Balanced Scorecard if you decided to calculate the performance manually.

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Training and Coaching

Introduction to Balanced Scorecard training and coaching

The first part of the training is the introduction of the training. The duration of the training part: 17 min. Coaching part includes 1 exercise.

We explains what is inside and why practical knowledge about BSC are important.

  • In the end of the coaching you will learn how to use Balanced Scorecard;
  • We will train you how to adopt your business to Balanced Scorecard and prepare your business processes to Balanced Scorecard;
  • We will explain what steps you should do to integrate Balanced Scorecard successfully;

We believe that practical knowledge are really important when we talk about Balanced Scorecard, that’s why we focus our training on practical aspects of balanced scorecard.

Play Example: What you will learn in the training.

Our expertise is not limited only to the training or coaching, we also produce and market popular Balanced Scorecard software BSC Designer.

The coaching part of the introduction includes exercise that is necessary to estimate your knowledge and progress in Balanced Scorecard. In the end of the training we will compare your initial ideas about BSC to what you have learned and implemented in your company.

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Training and Coaching

Coaching, training and guides on how to create indicators, metrics, dashboards and key performance indicators

How can we design winning indicator or metric? Why designing Key Performance indicators in important?

  • If you need to design Balanced Scorecard you need to learn how to create KPIs
  • Indicators in your dashboard should represent and measure your business;
  • Strategy maps that you create should include high-level indicators too;

So, the purpose of the coaching is to explain how to create winning indicators for Balanced Scorecard or for Strategic Map and so on.

  • We train how to address business problems with indicators;
  • Our coaching includes information on how to implement KPI into your business system;
  • With Balanced Scorecard practical training and coaching you will learn how to test indicators that you already have;

Learn more about eTraining Practical Balanced Scorecard and KPI

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Training and Coaching

Training and Coaching: Practical BSC and KPI training

eTraining: Practical Balanced Scorecard

eTraining: Practical Balanced Scorecard

Practical BSC and KPI is a training for those who want to design Balanced Scorecard, implement the BSC into the business processes and support Balanced Scorecard and KPI in company.

  • Training name: Practical Balanced Scorecard and KPI
  • Recording duration: 5 h 30 m
  • Language: English
  • Target audience: investors, CEOs, top managers

The training includes key aspects about BSC – introduction to balanced scorecard concept, guides on how to design Balanced Scorecard and design winning KPIs, training on how to create strategy maps and create cascades of Balanced Scorecards for company. Finally, the training includes the information about testing and updating Balanced Scorecards.

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The training is delivered as MP3 files. The training includes 6 parts and 8  exercises, the total duration of all parts is 5 hours, 33 minutes.  Before placing an order, please check free examples below.

The training will help investors, CEOs and top managers to understand various aspects of Balanced Scorecard conception better, such as designing BSC and creating winning indicators, designing strategy map and cascading scorecards to use BSC concept company-wide, finally the training includes Balanced Scorecard checklist, the guide for regular updates and revisions of Balanced Scorecard.

Description and Examples

Part 1. Introduction to the Balanced Scorecard training [17 min + 1 exercise]. Training introduction. What you will learn? We are sharing practical experience about Balanced Scorecard.

Play Example: What you will learn in the training.

Part 2. How to build Balanced Scorecard [60 min + 2 exercises]. Why Balanced Scorecard, what actually linking strategy to action means, who should design and implement scorecard, how to improve business performance with the concept. What you should know about Balanced Scorecard besides 4 perspectives.  How to design the Balanced Scorecard that addresses your business problems. How to involve your employees in the process of design. How to make sure that your employees will actually use the Balanced Scorecard 

Play Example: key rules about updating scorecard regularly.

The Part 2 also includes bonus: “How to calculate values of indicators“. It is a 3 pages Adobe PDF file that explains in details how to calculate the total performance value of Balanced Scorecard taking in account weights and values of certain indicators.

Part 3. How to design winning KPIs [60 min + 2 exercises]. This part introduces practical methods that can be used to design better KPIs that will help you to measure the progress to the business goals that you want to achieve.

Play Example: answering the question about the number of indicators.

Part 4. Strategy maps and Balanced Scorecard [65 min + 1 exercise]. What are your strategics goals? What steps you need to do to get to your strategic goals? How to build and share strategy map with your employees?

Play Example: summary about strategy maps.

Part 5. Cascading Balanced Scorecard [54 min + 1 exercise]. Balanced Scorecard works efficiently only if it was implemented company-wide. In this part of the training you will learn how to design and link several balanced scorecard into the cascade.

Play Example: represent cascading scheme visually.

Part 6. Testing the Balanced Scorecard [58 min + 1 exercise]. This part provides checklist that you can pass to test the Balanced Scorecard in your company or test your Balanced Scorecard implementation plans.

Play Example: checking the number of financial indicators in your KPI.

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Training and Coaching

Web seminar: how to address business problems with Balanced Scorecard

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Live seminar: How to address business problems with Balanced Scorecard

Duration: 60 min

Date/time: Thu, Apr 08 2010 | 3:00 PM (Central Europe Standard Time)

Language: English

Participation: free

Registration: register with Wiziq

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Training and Coaching

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