The basic idea of the balanced scorecard bsc is to focus the organisation on performance measures and implementing the current strategy. It is a report that helps managers to track the companys execution of tasks and to control the effects of these activities. Practical implications the balanced scorecard is balanced in another dimension not just a balance of measures of essential areas of the business, but also a balance of goals versus. The balanced scorecard retains traditional financial measures. The internal measures for the balanced scorecard innovation and learning perspective. The scorecard was originally created to supplement traditional. Ppt balanced scorecard powerpoint presentation free to. And it complements the financial measures with operational measures on customer satisfaction, internal processes, and the organizations innovation and. A practitioners guide to the balanced scorecard cima. For growing startups and established businesses, this scorecard can bring you and your employees strong focus and a path forward.
Norton introduced the balanced scorecard, a set of measures that allow for a holistic, integrated view of business performance. Conceptual foundations of the balanced scorecard 3. The balanced scorecard is a workshop technique for establishing the most useful high level measures by which to monitor your companys units progress and performance against its strategic goals. Using the balanced scorecard to measure government. David norton and i introduced the balanced scorecard in a 1992 harvard business. Its a great team building activity, process management tool and, when you do it properly, you end up with an action plan thats. The balanced scorecardmeasures that drive performance. The balanced scorecard measures that drive performance. Take a balanced approach to your business management with this powerpoint template. The real power of a properly developed balanced scorecard is that it links the performance measures to the organisations strategy. Demonstrates hrs contribution to strategy implementation and to the companys bottom line.
By the end of this article, youll be a balanced scorecard expert. The balanced scorecard ppt will be filled with all notes of all participants. This download includes a balanced scorecard template contained in an ms excel spreadsheet developed on the basis of the robert s. Strategy maps and balanced scorecards constitute the measurement technology for managing in a knowledgebased economy. By translating their strategy into the logical architecture of a strategy map and balanced scorecard, organizations create a common understandable point of reference for all their units and employees. Use the balanced scorecard presentation template to share the business objectives, set performance indicators, and track the progress of your team. Pdf the promise and perils of the balanced scorecard. Andrew molloy amy miller mike elicker what is the balanced scorecard.
The balanced scorecard measures that drive performance january february 1992 putting the balanced scorecard to work september october 1993 using the balanced scorecard as a strategic management system january february 1996 alignment and communicatio n acceptance and acclaim. Mba presentation explaining kaplan and nortons balanced scorecard approach. Balanced scorecards, when developed as strategic planning and management systems, can help align an organization behind a shared vision of success, and. Powerpoint can your facility afford to hire a consultant. Scribd is the worlds largest social reading and publishing site. The presenter can modify them to fit certain guidelines or preferences of the. Kaplan and norton describe the innovation of the balanced scorecard as follows. Helps hr managers focus on and manage their strategic responsibilities. Learn to create a powerpoint balanced scorecard easily by making over a standard smartart graphic in this tutorial series. Introduction to the balanced scorecard and performance measurement systems 5 as a result of continued research and innovations over the last 15 years, the bsc has gone through an evolutionary process of improvement, from performance measurement 19901996 to performance management 19962000, to becoming a globally. This system provides feedback on internal business processes and external outcomes to continually improve organizational performance and results. Get inspiration for balanced scorecard template powerpoint. Introduction to the balanced scorecard and performance. This guide has its foundations in the research, shareholder and stakeholder.
The balanced scorecard in healthcare clearpoint strategy. Balanced scorecard basics balanced scorecard institute. The balanced scorecard is a structured report that aligns your business strategy, vision and mission with daytoday tactics. Using the balanced scorecard to align your organization.
Balanced scorecard powerpoint templates slidemodel. Balanced scorecard presentation template free powerpoint. A full balanced scorecard example including 6 templates. Balanced scorecard is a management system that enables organizations to translate the vision and strategy into action. The balanced scorecard powerpoint final slideshare. Its a great team building activity, process management tool and, when you do it properly, you end up with an action plan thats fully. Assess the measures in citibanks balanced scorecard for its branch managers. You will get a complete view of the status of different operations in the organization. Processproduct perspective financial perspective critical success factors. Balanced scorecard chartered institute of management. Create engaging presentations and impress your audience with your visual story. The balanced scorecard identifies the factors that create longterm economic value in an organization, for example.
The balanced scorecard presented by ben kraus and cornell woodson bridging the gap. In the case of mobil oil, the truck driver pulls a balanced scorecard off the visor in his cab, outlining the five things he must do as a truck driver. Balanced scorecard basics communicat business systems. Create a colorful and professional report for any business model analysis. The balanced scorecard focuses on factors that create longterm value traditional financial reports look backward reflect only the past. Performance management ii hr management mbao 6030 performance management ii. A balanced scorecard is a performance metric used in strategic management to identify and improve various internal functions of a. The balanced scorecard bsc is a strategic planning and management tool used by a wide range of industries and professional around the world. The balanced scorecard professional certification program provides participants with the tools they need to build, implement, and sustain a balanced scorecard planning and management system in their organization. Under this category you can download editable bsc templates for powerpoint presentations that will help to communicate your corporate strategy. A method of implementing a business strategy by translating it into a set of performance measures derived from strategic goals that allocate rewards to executives and managers based on their success at meeting or exceeding the performance measures. A balanced scorecard is a strategic tool for the performance management. Robert kaplan and david norton created the balanced scorecard approach in the. Balanced scorecard ppt slides by yodhia antariksa 8472 views.
Each balanced scorecard perspective is mentioned on a new powerpoint slide. The following paragraphs attempt to clarify some of these issues. The bsc comprises measures from financial, customer, internal processes and learning and growth perspectives. This scorecard is really useful for keeping track of the activities conducted by the strategy implementation management and the operational. Balanced scorecard bsc is a powerful tool that gives a fast, but comprehensive view of the business including operational measures on customer satisfaction, organizations innovation, activities. The concept of balanced scorecard has evolved beyond the simple use of perspectives and it is now a holistic system for managing strategy. Browse through our huge selection of community templates or smoothly transition your powerpoint into prezi. The balanced scorecard purpose of balanced scorecard. All of the powerpoint objects in the template are fully editable. Slideshare uses cookies to improve functionality and performance, and to provide you with relevant. A practitioners guide to the balanced scorecard pdf 268kb. The bsc framework is based on the balance between leading and lagging indicators, which can respectively be thought of as the drivers and outcomes of your company goals.
This is a very good template for people looking to create a balanced scorecard. The paper uses the following structure for organizing the origin and subsequent development of the balanced scorecard. Balanced scorecard free ppt and pdf download workshopbank. The balanced scorecard can revolutionize your healthcare strategy and wed like to help you get started. This template includes graphs, charts, and tables to effectively communicate performance reports to stakeholders. Balanced scorecard template for powerpoint slidemodel. The balanced scorecard in the citibank case employs the attributes of.
The balanced scorecard bsc is a business framework used for tracking and managing an organizations strategy. Each person describes how the organization can create value by linking strategic objectives in a cause and effect relationship. Balanced scorecard stepbystep volta river authority. Created by the balanced scorecard institute and offered in. Identifies the differences between hr doables and hr deliverables. The balanced scorecard template for powerpoint is an organized and specific presentation of the various components involved. Its this focus on both highlevel strategy and lowlevel measures that sets the balanced scorecard apart from other performance management methodologies. The name balanced scorecard comes from the idea of looking at strategic measures in addition to traditional financial measures to get a more balanced view of performance. The balanced scorecard has emerged as a proven and effective tool in our quest to capture, describe, and translate intangible assets into real value for all of an.
Customer perspective, internal processes, learning and growth prepared by group 4. A free powerpoint ppt presentation displayed as a flash slide show on id. If you find it confusing to create a balanced scorecard or wish to make it easier for yourself to create a bsc, you can use the following balanced scorecard powerpoint templates. Balanced scorecard, might conjure up an initial impression of a table of measurements or key performance indicators, it is in fact a process comprising of a number of carefully interlinked steps. This is what makes the balanced scorecard so different. The balanced scorecard is a technique to align critical success factors, performance indicators and targets with the organizations longterm business vision. Visualise the presentation full screen, download a.
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