Educational field bags
500ر.س
Product description
The balanced scorecard is considered one of the most important and latest tools for strategy evaluation, as it leads the organization to analyze its performance based on its vision and strategic goals, and succeeds in guiding it toward a new direction that supports the overall performance of the organization. It also translates the organization's vision and strategy into a set of practical actions that represent a framework for implementing the strategy. The balanced scorecard is an evaluation tool as well as a strategic leadership tool because it relies on five dimensions to evaluate the organization's overall performance instead of focusing solely on the financial dimension, which has become unable to provide a comprehensive picture of performance. Paying attention to a broader set of metrics related to quality, market size, customer satisfaction, employees, and the environment can lead to greater insight into the factors that drive financial performance and help achieve objectives. The role of the balanced scorecard is not limited to performance evaluation but has evolved to transform strategic goals into coherent financial and non-financial measures. The balanced scorecard translates the organization's strategy into five perspectives, each with a number of indicators that form the basis for strategic performance management. The overall goal: enabling trainees to understand the basics of strategic planning, measure key performance indicators (KPIs), and be able to design a balanced scorecard, then review the balanced scorecard, evaluate performance, and learn about organizations that have implemented the balanced scorecard.
Training Module Topics
#Balanced Scorecard Design as a Tool for Planning, Control, and Development
First Training Day
First Training Session: Fundamentals of Strategic Planning
Strategic planning. Characteristics of strategic planning. Stages of strategic planning.
Organization's Mission. Organization's Vision. Organization's Values.
Dissemination of the organization’s mission, vision, and values. Importance of mission, vision, and values.
Strategic objectives. Key success indicators and factors.
Participants in developing the strategic plan. Benefits of strategic planning.
Implementation plans. Strategic analysis (SWOT analysis).
Conditions and principles of the SWOT analysis.
Second Training Session: Measuring Key Performance Indicators (KPIs)
Concept of indicator. Concept of measuring key performance indicators (KPIs). Types of KPIs.
Determining quality indicators. Categories of quality performance indicators in departments.
Role of quality in measuring KPIs. Characteristics of KPIs.
Second Training Day
First Training Session: Why the Balanced Scorecard?
Concept of the balanced performance measurement scorecard and its importance. Why use the balanced scorecard?
What is the strategy map? A simple division of the balanced scorecard framework.
How to identify KPIs. Developing KPIs for departmental performance in organizations.
Second Training Session: Designing the Balanced Scorecard
Components of the balanced scorecard. Importance of the balanced scorecard. Main functions of the performance measurement scorecard. Methodological steps to design the balanced scorecard. Mechanisms for formulating with balanced performance standards.
Third Training Day
First Training Session: The Balanced Scorecard and Performance Evaluation
Benefits of the balanced scorecard. Features of the balanced scorecard. Steps to build the balanced scorecard. The four perspectives of the balanced scorecard. Performance and the performance evaluation process. Components of balanced performance. Tools used in performance evaluation. Preparing qualitative and quantitative performance evaluation reports.
Second Training Session: Organizations that Implemented the Balanced Scorecard
Experiences of organizations that applied the balanced scorecard. Components of effective implementation of the balanced scorecard. Applying computer programs to evaluate the overall performance of the organization. Difficulties in implementing the balanced scorecard and criticisms directed at it. Conclusion. References.

