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Course Description

The course is designed to equip participants with the knowledge and skills necessary to develop and implement an effective Balanced Scorecard (BSC) system within their organizations. This course will delve into the core principles of the BSC, focusing on strategic alignment, performance measurement, and communication of organizational vision and strategy. Participants will learn to identify key performance indicators, align day-to-day activities with strategic objectives, and prioritize initiatives during challenging economic times. Through practical exercises, case studies, and hands-on workshops, participants will gain the expertise needed to drive organizational performance and achieve long-term strategic goals. This course also prepares participants for the Certified Balanced Scorecard Professional certification exam.

Course Objectives

Upon the successful completion of this course, each participant will be able to:

  • ​Develop and implement a BSC system
  • Improve focus on strategy and results
  • Improve organizational performance by measuring what matters
  • Align the work people do on a day-to-day basis with strategy
  • Focus on the drivers of future performance
  • Improve communication of the organization’s Vision and Strategy
  • Prioritize in tough economic times

Who Should Attend?

This course is ideal for professionals involved in strategic planning, performance management, and organizational development, including executives and senior managers, strategic planners, performance management professionals, HR professionals, project managers, business analysts, and anyone interested in using the Balanced Scorecard for organizational improvement.

Course Agenda

Registration​

Welcome & Introduction

Pre-Test

Introduction to Balanced Scorecard (BSC)

  • Overview of BSC
  • History and Evolution of BSC
  • Importance and Benefits of BSC in Strategic Management

Developing a BSC System

  • Key Components of BSC
  • Steps to Develop a BSC Framework
  • Identifying and Defining Objectives, Measures, Targets, and Initiatives

Aligning Strategy with Organizational Goals

  • Linking BSC to Vision and Mission
  • Translating Strategy into Actionable Objectives
  • Creating Strategy Maps

Measuring Organizational Performance

  • Identifying Key Performance Indicators (KPIs)
  • Data Collection and Analysis Techniques
  • Setting Realistic and Achievable Targets

Enhancing Focus on Strategy and Results

  • Aligning Day-to-Day Activities with Strategic Objectives
  • Ensuring Accountability and Ownership
  • Continuous Improvement and Monitoring

Focusing on Future Performance Drivers

  • Identifying Leading and Lagging Indicators
  • Predictive Analysis and Forecasting
  • Leveraging Innovation and Change Management

Improving Communication of Vision and Strategy

  • Effective Communication Techniques
  • Developing Clear and Concise Strategy Narratives
  • Engaging Stakeholders and Building Buy-In

Prioritizing in Tough Economic Times

  • Strategic Prioritization Methods
  • Resource Allocation and Optimization
  • Scenario Planning and Risk Management

Implementation and Integration

  • Steps to Implement BSC in an Organization
  • Integrating BSC with Existing Systems
  • Overcoming Common Challenges in BSC Implementation

Case Studies and Practical Exercises

Post Test

End of the Course

Assessment Methodology

All courses conducted by EdTech will begin with a Pre-evaluation and end with a Post-evaluation. The instructor will evaluate the knowledge and skills of the participants according to the feedback given by participants. This will help to recognize the benefits and the level of knowledge gained by participants through the course.

Training Methodology

Facilitated by a highly qualified specialist, who has extensive knowledge and experience; this program will be conducted using extensively interactive methods, encouraging participants to share their own experiences and apply the program material to real-life work situations in order to stimulate group discussions and improve the efficiency of the subject coverage.

Percentages of the total course hour classification are:

  • ​40% Theoretical lectures, Concepts and approach
  • 20% Motivation to develop individual skill and Techniques
  • 20% Case Studies and Practical Exercises
  • 20% Topic General Discussions and interaction

Course Manual

Participants will be provided with comprehensive presentation material as reference manual. This presentation material is a compilation of core valuable information, references, presentation methods and inspiring reading which will be used as a part of the material guide.

Course Certificate

At the completion of the course, all participants who successfully accomplished the required contact hours will receive an EdTech Training Participation Certificate as a testimony to their commitment to professional development and further education.

Why Edtech ?

  • Industry Experienced; Internationally Qualified Trainers
  • Hands-on Practical Sessions & Assignments
  • Intensive Study materials
  • Flexible Schedules
  • Realistic training methodology
  • High-Quality Training in Affordable Course Fees
  • Achievement Certificate, as approved by the Ministry of Education (Abu Dhabi Center for Technical and Vocational Education Training - ACTVET), HABC, AWS, IAOSHE, SHRM, etc.