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The Balanced Scorecard is a logical framework for strategy implementation. BMG can support the complete implementation of the Balanced Scorecard in the organization or can provide specific services as listed below.
The Need for a Structured Strategy Implementation Framework
It has been observed that organizations falter in achieving organizational goals and deploying strategy as there is no framework available for translating strategy into action.
The BSC (Balanced Scorecard) translates an organization’s vision and strategy into a comprehensive set of performance measures that provides the framework for a strategic measurement and management system. In addition, the organization is able to document and define the cause/ effect relationships (linkages) between key measures, processes and functions. By linking measures directly to strategic initiatives, the organization stays focused and is able to move towards the long-term goals.
Source: Fortune Magazine Survey |
The BMG approach eliminates the common pitfalls of implementing the Balanced Scorecard:
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BMG BSC Services Includes
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Contents |
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Awareness Session on BSC |
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- This two-day session is designed to provide awareness on BSC to the senior management team
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Defining the Corporate Balanced Scorecard |
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A series of sessions culminating into the following:
- Corporate Balanced Scorecard in line with the strategy map
- Finalised action plan for implementing the scorecard
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BSC Facilitator Training |
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- This is a two-day session for the selected BSC facilitators to build competence for sustaining the Balanced Scorecard initiative in the organization
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Initiatives Management Session |
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Part 1 – Initiatives Management – Team Member Session
- This is a two-day training for the team members on how to manage initiatives
Part 2 – Initiatives Management – Senior Management Session
- Session with the senior management team for the management of the initiatives.
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Initiatives Management & Benefits Tracking |
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- Support for running the initiatives and tracking benefits (through team reviews)
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