Scorecard approaches have received considerable attention as a means to assess both operational and strategic performance of an organization. The balanced scorecard approach has had very good reception and success in assisting management with a way to improve the value to shareholders through an organized view of measures in the enterprise. Further, the approach connects in a logical manner to the strategic needs and direction of the enterprise. Understanding strategic impact is a key to the successful use of scorecards.
This course includes some background on various scorecard approaches used in the past and present. The balanced scorecard approach is covered in considerable detail as the current scorecarding technique to gain widespread use and global success. Finally, the economy is changing in many ways and the balanced scorecard approach must change with it to be relevant. This course also introduces the attendee to the potential changes that may happen in the very near future.
The key difference in this course and others on balanced scorecard is that there are sample workshop type implementations using Excel and other tools to indicate the issues in the use and automation of scorecard capabilities and constructing simple scorecard dashboards.