Translate your strategies into Balanced Score Cards (BSC)

Translating the Strategy into Balanced Scorecards is the second stage in Creating a Strategy-Focused Organization

After guiding the Senior Leadership Team through cycles of analysis, research, and animated discussions punctuated by periods of quiet reflection during the first stage of “Designing the Strategy”; designing the Strategy Maps and the Balanced Scorecard becomes an interesting next challenge for the Senior Leaders.

Strategy Map

A Strategy Map provides a visual representation that tells the story of the organization and describes the logic of the strategy. It is the missing link between strategy formulation and strategy execution.

On the Strategy Map, the Corporate Goals and Objectives are distributed into the following four Perspectives:
 

1. Financial Perspective
2. Customer Perspective
3. Internal Process Perspective
4. Learning & Growth Perspective

The Strategy Map also shows the cause-and-effect linkages between Vision, Corporate Goals and various Objectives that are distributed into various Themes.

CLCI uses special software to create Strategy Map in full color. The Strategy Map is displayed with pride in boardrooms, offices, as well as distributed to the staff, suppliers and vendors.
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The Balanced Scorecard

The Balanced Scorecard is a Performance Measurement tool to assess progress toward the Corporate Goals.

CLCI helps create the Corporate Balanced Scorecard to provide the vital link between Vision, Mission, Values, Corporate Goals and Critical Success Factors on the one hand, and the Operational Objectives, Measures, Targets, Initiatives and Action Items on the other. Also identified on the Balanced Scorecard are the Sponsors and Owners of Corporate Goals, Objectives and Initiatives.

The Balanced Scorecard helps in communicating, motivating, empowering employees, funding Initiatives and rewarding progress made toward Corporate Goals. A Balanced Scorecard is also used in a variety of other ways:

  • Clarifying strategy and making strategy operational

  • Driving strategy execution

  • Identifying and aligning strategic initiatives

  • Linking budget with strategy

  • Aligning the organization with strategy

  • Conducting periodic strategic performance reviews

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CLCI helps clients define the leading and lagging measures for the objectives on the Balanced Scorecard.

CLCI uses specially designed software to load the Balanced Scorecard data for easy tracking and monitoring of progress made in implementing the Corporate Goals, Objectives and Initiatives.

CLCI also trains selected staff members from the organization to work as BSC Coordinators for their departments.

In the process of working together to research / explore, analyze, debate, understand, discover, measure and decide what employees must do together to realize the Vision, inter departmental silos automatically break down, and a new culture of being a Strategy-Focused Organization.

The Senior Leadership Team and the Management Groups then move to the next stage of: Implementing Strategy.
 

“What you can’t measure,
   you can’t manage.”

A Generic Strategy Map

A Balanced Scorecard

Financial Perspective

Customer Perspective

Internal Processes Perspective

Learning & Growth Perspective

Designing the Strategy  
Translating the Strategy into
Balanced Scorecards
 
Implementing the Strategy  
Creating and Implementing a
Strategic Workforce Plan
 
Creating Learning Organizations  
The Organizational Audit  
The Executive Audit  
The Executive Search  
The Executive Coach  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 
     

The Corporate L.I.F.E Centre International Inc.
3181 Tacc Drive, Mississauga, Ontario, L5M 0B7, Canada

Tel:
905-271-9939 | Fax: 905-271-9699 | Email: info@theclci.com