PROGRAM DETAILS

Introduction:

The “Strategy Management and Balanced Scorecard” training program is a five-day course designed to provide participants with a comprehensive understanding of strategic management principles and the practical application of the Balanced Scorecard framework. The program aims to equip participants with the knowledge and skills necessary to develop, implement, and monitor effective strategies that drive organizational success.

Throughout the program, participants will learn the fundamentals of strategic management, including the importance of strategic planning and its link to organizational success. They will explore various strategic analysis tools and techniques to assess the internal and external business environment and develop a strategic plan that aligns with the organization’s mission, vision, and values.

The program will introduce participants to the Balanced Scorecard framework, which translates strategic objectives into actionable measures and key performance indicators (KPIs). Participants will gain insights into how to identify and align KPIs with strategic objectives, develop strategic initiatives and action plans, and cascade strategy throughout the organization.

The training methodology includes a combination of interactive lectures, case studies, group discussions, and practical exercises. Participants will have the opportunity to apply the concepts learned through hands-on exercises, analyze real-world strategic challenges, and collaborate with peers to develop strategic plans.

By the end of the program, participants will be equipped with the skills to monitor and evaluate strategy implementation through performance measurement, reporting, and continuous improvement. They will have a deep understanding of strategy execution best practices, change management in strategy implementation, and creating a culture of strategic management.

Overall, the “Strategy Management and Balanced Scorecard” training program empowers participants to become strategic thinkers and effective strategy implementers, enabling them to contribute to the success and sustainable growth of their organizations.

Learning Objectives:

• Understand the fundamentals of strategic management and the role of the Balanced Scorecard in achieving organizational goals.
• Learn how to develop a strategic plan and align it with the organization’s mission, vision, and values.
• Gain insights into different strategic analysis tools and techniques to assess the internal and external business environment.
• Acquire the skills to translate strategic objectives into actionable measures and key performance indicators (KPIs) using the Balanced Scorecard framework.
• Learn how to monitor and evaluate strategy implementation through performance measurement, reporting, and continuous improvement.

Training Methodology:

The training program will utilize a combination of interactive lectures, case studies, group discussions, and practical exercises to ensure an engaging and immersive learning experience. Participants will have the opportunity to apply the concepts learned through hands-on exercises, analyze real-world strategic challenges, and collaborate with peers to develop strategic plans.

Target Audience:

The program is designed for mid- to senior-level managers, strategy professionals, and individuals involved in strategic decision-making and performance management within their organizations. It is suitable for professionals from various industries who are responsible for developing and implementing strategic initiatives.

Program Outline:

Day 1: Understanding Strategic Management

• Introduction to strategic management
• Importance of strategic planning and its link to organizational success
• Strategic analysis: SWOT analysis, PESTEL analysis, and industry analysis
• Setting strategic objectives and defining key success factors

Day 2: Introduction to Balanced Scorecard

• Overview of the Balanced Scorecard framework
• Translating vision and strategy into strategic objectives and performance measures
• Identifying and aligning KPIs with strategic objectives
• Developing strategic initiatives and action plans

Day 3: Cascading Strategy and Performance Measurement

• Cascading strategy throughout the organization
• Developing departmental and individual scorecards
• Performance measurement and target setting
• Establishing accountability and ownership of strategic initiatives

Day 4: Strategy Execution and Monitoring

• Strategy implementation best practices
• Change management in strategy execution
• Monitoring and reporting progress using the Balanced Scorecard
• Strategic alignment and course correction

Day 5: Strategy Review and Continuous Improvement

• Reviewing strategy effectiveness and performance
• Conducting strategy review meetings
• Using feedback and performance data for continuous improvement
• Creating a culture of strategic management and balanced scorecard implementation