Balanced Score Card Practice

Balanced Score Card is a Performance Management system that can be used in an organization of any size to align vision and mission with customer requirements and day-to-day work, manage and evaluate business strategy, monitor operation efficiency improvements, build organizational capacity, and communicate progress to all employees. The scorecard enables measurement of financial results, operations, and organizational capacity.

With the help of balanced scorecard strategy map, it is easy to define the organization goals and build business strategies around the goals. Balance scorecard and strategy map are closely interrelated. Most organizations struggle to deliver their chosen strategy. While the majority of organizations have some form of stated strategic aim, few manage to make it widely understood or ensure that it is acted upon throughout the organization. This is where our specialist experience and methodologies help client organizations.

Third Generation Balanced Scorecard

Third Generation Balanced Scorecard (BSC3) is an evolution of the original Balanced Scorecard performance measurement framework proposed by Kaplan & Norton in 1992. Third Generation Balanced Scorecard designs are easier to develop and are seen by managers as being more useful than earlier Balanced Scorecard designs. By emphasizing the need for management team consensus about goals and priorities, and the need for effective management participation during the design process, third Generation Balanced Scorecards help organizations to more effectively evolve consensus, and to implement their chosen strategies

SQC offers the following Consultancy, Assessment, Training, and Certification Programmes:

Consultancy

Working directly with leadership teams on defined projects:

Identification of strategic choices
Articulation of organizational vision and strategy
Development of strategic performance management systems
Cascade of performance management systems from corporate to    operational levels
Post-implementation maintenance of performance management    systems
Evaluation and specification of software reporting solutions
Integration with other management processes/tools

Assessment

Reviewing existing performance management and measurement systems to identify improvements required:

Framework Review
Alignment Review
Performance Measurement Audit
Strategic Management Audit
Strategic Control Audit

Training

Customized workshops will highlight the strategic importance of including non-financial measures along with financial metrics in the performance measurement system in today's business context. The workshops will also include a discussion of the fit between the features of innovation and the usage of Balanced Performance measurement systems. The workshops will bring out the relevance of linking company's vision and strategy and building balanced measurement systems focusing both on financial and non-financial measures. SQC also offers Professional Balanced Scorecard Practitioner Certificate to the participants who successfully complete the course.