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Powerpoint Templates THE BALANCED SCORECARD APPROACH BY SUMAYYA QUADRI

WHAT IS BALANCED SCORECARD? The Balanced Scorecard is a strategic planning and management system used to align business activites to the vision and strategy of the organization by monitoring perfomance against strategic goals

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Balanced Scorecard Strategy Map

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The Balanced scorecard is a management system that enables organizations to clarify their vision and strategy and translate them into action. Provides an organization with feedback of both the internal business processes and external outcomes, which allows for continuous improvement of strategic performance and results. Nerve center of an enterprise The term “scorecard” signifies quantified performance measures and “balanced” signifies the system is balanced between: Short-term and long term objectives Financial and non-financial measures Lagging and leading indicators Internal and external performance perspectives The concept of the balanced scorecard was first touted in the Harvard Business Review in 1992 in a paper written by Robert S Kaplan and David P Norton. The paper introduced the idea of focusing on human issues as well as financial ones, and measuring performance across a much wider spectrum than businesses had done before. Kaplan and Norton published their ideas in full in The Balanced Scorecard: Translating Strategy into Action in 1996 and it became a business bestseller. The balanced scorecard is centered on four performance metrics or perspectives: Customers Internal processes Financial Learning and growth When implemented properly, each one of these perspectives contains four subparts consisting of Objectives Measures Targets Initiatives

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A Balanced Scorecard is a tool for measuring the performance of an organization, which enables managers to monitor and measure the different levels of performance activities done by the staff. A balanced scorecard connects the dots between the strategic and operational aspects of a firm. It ensures that the organization's mission, vision, and fundamental values are reflected in the objectives, initiatives, and actions.

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For other Informa Webinars: http://www.informa-mea.com/webinars To view recording: https://youtu.be/4RQF-oUMgcw or watch the video at end of the slide This webinar is designed as a practical guide to using the Balanced Scorecard. The Balanced Scorecard is a system used extensively in business and industry, government, and non-profit organisations worldwide to align business activities to the vision and strategy of the organisation, improve internal and external communications, and monitor organisation performance against strategic goals. The Balanced Scorecard was originated by Drs Robert Kaplan (Harvard Business School) and David Norton as a framework to help managers consider both financial and non-financial aspects of their business and design performance metrics around them. While the phrase Balanced Scorecard was coined in the early 1990s, the roots of this type of approach are deep, and include the pioneering work of General Electric on performance measurement reporting in the 1950s and the work of French process engineers (who created the Tableau de Bord – literally, a "dashboard" of performance measures) in the early part of the 20th century. About the Presenter: Ian has over 30 years of business experience ranging from senior management positions, in such companies as Ericsson to founding and selling his own companies. Ian designs and delivers training programmes globally with particular attention to the GCC nations. He works in many ﬁelds including both accredited and non-accredited courses. Ian divides his time equally between the Middle East and the UK. In the UK, Ian is a lead professor at London Met University and the University of West London specialising in working with students to gain their membership to the Chartered Institute of Procurement and Supply.

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1. Powerpoint Templates THE BALANCED SCORECARD APPROACH BY SUMAYYA QUADRI

2. WHAT IS BALANCED SCORECARD? The Balanced Scorecard is a strategic planning and management system used to align business activites to the vision and strategy of the organization by monitoring perfomance against strategic goals

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8. Balanced Scorecard Strategy Map

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12. Thank You for your time