Training and coaching on how to test and update the Balanced Scorecard
April 17th, 2010
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;
