Balanced Scorecard (BSC)

IMF Academy
Distancia

€ 2,180 - (Rs 1,58,351)
+ VAT

Important information

  • Course
  • Distance learning
  • Duration:
    8 Weeks
  • When:
    15/12/2016
    other dates
Description

The Balanced Scorecard (BSC) has attracted much attention over the last ten years. A growing number of large organisations, as well as several medium and small-sized ones, now have experience with the BSC.



The implementation of a BSC will have far-reaching consequences for your organisation and employees. EY (Ernst & Young) Advisory Services will share their vision on how the BSC can contribute to the achievement of your strategic goals, as well as on how it should be implemented.



The authors present the BSC as both a measurement system and an essential cornerstone in the management system that identifies strategic objectives and operational measures across four perspectives.



These essential perspectives (financial, customer, internal process, and learning and growth) allow companies to specify the objectives that balance short-term financial performance with the drivers of growth opportunities for the future.

Important information
Is this course for me?

This distance learning course on The Balanced Scorecard is focused on the senior management and decision takers of large and middle-sized companies, as well as of non-profit organisations.

At the end of the course you will receive a Certificate of participation.

Venues

Where and when

Starts Location
17 November 2016
15 December 2016
19 January 2017
16 February 2017
16 March 2017
Distance Learning

What you'll learn on the course

Corporate Strategy
Management
Budgeting
Performance Management
Leadership
Data warehousing
ERP
IT
Performance
Perspective
Financial
Project
Technology
Management Control
Financial Training
IT Management
Balanced Scorecard

Course programme

LESSON I
Why organisations need a Balanced Scorecard

  • Initial introduction to the BSC and its development
  • An overview of the BSC theory
  • The use of the four perspectives
  • The BSC compared to other theories
  • Could the BSC concept be of use to your organisation?


LESSON II
Value Based Management using the BSC

  • Why value value?
  • What drives value?
  • The goal of VBM is the improvement of performance
  • Using the BSC to monitor and improve value drivers


LESSON III
A deeper understanding of the four perspectives

  • The financial perspective
  • The customer perspective
  • The internal process perspective
  • The learning and growth perspective


LESSON IV
Translating strategy into measures

  • Corporate strategy and the consequences of performance management
  • Business unit strategy and the consequences for performance management
  • Strategy drives the scorecard
  • Building a scorecard that suits your strategy


LESSON V
The alignment of management control processes

  • Using the BSC in a management control process
  • Traditional and other definitions of management control
  • Control mechanism to drive strategic renewal
  • Effective management control requires alignment
  • Setting up an effective management control system
  • Programme selection
  • Budgeting
  • Operations and measurement
  • Reporting and analysis


LESSON VI
Information technology as an enabler

  • Data warehousing
  • ERP
  • Intranet and extranet
  • The possibilities offered by IT
  • Vendors
  • What to look for when selecting a vendor
  • Challenges when automating a BSC


LESSON VII
Orchestrating change using the Balanced Scorecard

  • Critical success factors in implementing the BSC
  • Developing leadership for the changes the BSC will bring
  • Developing a business case
  • Developing a change strategy
  • Building commitment
  • Aligning the organisation


LESSON VIII
The project that successfully builds the Scorecard

  • More cases