Business Acumen and the Balanced Scorecard
The Balanced Scorecard is a widely used conceptwhich helps managers at all levelsmonitor results in their key areas. The Balanced Scorecard process was launched from an HBR article entitled "The Balanced Scorecard - Measures That Drive Performance" and later by the bestselling book The Balanced Scorecard:Translating Strategy intoAction.
There's nothing new about using key measurements to take the pulse of an organization.
What's new is the process of broadening the scope of the measures to include four key
performance areas;
The Balanced Scorecard allows for the monitoring of present performance but also tries to capture information about how well the organization is positioned to perform well in the future. The Balanced Scorecard has proven equally effective for corporations, non-profits, and government agencies. In this programme, participants will learn how to apply the basics of the Balanced Scorecard to your organization or operation and also how to adapt the system to fit your specific needs.