To many organizations, strategic plan ends at its launch after that many are not aware of the next step and even if they are aware, they do not understand how to monitor and evaluate the progress of the plan. This course on Strategic Planning using the Balanced Scorecard and Lean Techniques helps organizations to put strategy at the heart of everything they do. By translating strategy into a balanced set of objectives – covering Finance, Customer, Internal Processes and People.

The Balanced Scorecard (BSC) is a performance management tool that gives a quick and comprehensive view of the business KPIs. Using different KPI metrics, BSC identifies, analyze, controls and improves internal business functions and measures their external outcomes. A Balanced Scorecard provides a quantitative analysis of several performance metrices by which organizations can interpret information to make better decisions.

The Balanced Scorecard puts strategy at the heart of your organization, allowing you to focus 100% of your employees’ effort on the achievement of company objectives. It provides a powerful framework for the rapid and effective implementation of strategy, delivering breakthrough performance improvement.

Program Objectives

• Translate strategy to operational terms
• Align the organization operations to the strategy
• Develop guidelines in Setting Measures and Targets using KPI’s
• Make Strategy Everyone’s Everyday Job
• Make strategy a continual process

Target Audience

• Board members
• Chief Executive Officer/Managing Director
• Heads of department
• Financial Officers and Controllers
• Process Managers
• Strategic Planning Managers

Training Period

Classroom: 5 Days

Online: 7 Days

MODULES

Module 1: Balanced Scorecard and Its Application

• Introduction to the Balanced Scorecard
• Building a Strategy Focused Organization (SFO)
• Balanced Scorecard and the Performance Metrics – The 4 Perspectives
• Examples of Specific Metrics – Financial Perspective
• Lag and lead measures / KPIs.

Module 2: Understanding Strategy and Building Strategy Maps

• Understanding organizational strategy
• Strategy maps and strategic themes
• Principles of developing strategy maps and strategy alignment
• Exploring the strategies of participants’ own organizations
• Creating strategy maps for participants own organizations
• Strategic measures / KPIs
• Linking strategy and business planning

Module 3: 5S Lean Methodology in Strategy Implementation

• 5S Principles
• 5S as a strategy for cultural change
• The learning and growth perspective in detail
• Creating a climate for action
• Cascading the Strategy Map using 5S

Module 4: Balanced Scorecard KPI and Data

• Strategic assessment framework
• Review the foundations of the strategy.
• The information required to evaluate strategies.
• Strategic evaluation matrix
• How to measure regulatory performance

Module 5: Corporate Performance, Governance and Business Ethics

• Stakeholders and Corporate Performance
• Agency Theory
• Governance Mechanisms
• Ethics and Strategy

Delivery Method

This program is taught through a mix of practical activities, theory, group work and case studies. Training manuals and additional reference materials are provided to the participants.

CERTIFICATION

Upon successful completion of the training, participants will be awarded a certificate of course completion.

Course Booking

Please use the “book now” or “inquire” buttons on this page to either book your space or make further enquiries.