Using the Balanced Scorecard for Strategic Planning
The balanced scorecard as a strategic tool for management
The Balanced Scorecard is an organization’s strategic management framework to track and measure performance against key strategic goals and objectives. A Balanced Scorecard Business Case involves developing a business case using the Balanced Scorecard framework. The business case would align the proposed project or investment with the organization’s strategic goals and priorities and demonstrate how the project or investment would contribute to achieving those goals.
Here are some key elements that could be included in a Balanced Scorecard Business Case:
A Balanced Scorecard Business Case can be a valuable tool for organizations to align proposed projects or investments with their strategic goals and priorities and to track and measure performance against key objectives. Organizations can ensure that their business cases are well-rounded and comprehensive by focusing on the financial, customer, and internal business processes and learning and growth perspectives.
The Business Case for the Balanced Scorecard category is a collection of resources, articles, and documents to provide CIOs, IT executives, and decision-makers with insights, best practices, and practical guidance on creating a compelling business case for implementing the Balanced Scorecard framework within their organization. This section of our CIO Reference Library is designed to help you understand the value and benefits of adopting the Balanced Scorecard methodology and effectively communicate its potential impact on your organization’s strategic management, performance measurement, and decision-making processes.
The Balanced Scorecard is a strategic management tool that enables organizations to translate their vision and strategy into actionable objectives and performance metrics across four perspectives: financial, customer, internal process, and learning and growth. A well-crafted business case for the Balanced Scorecard can help secure stakeholder buy-in, facilitate the successful implementation of the framework, and drive improvements in overall organizational performance.
Key topics covered in this category include:
The Business Case for the Balanced Scorecard category is regularly updated with new content, ensuring that it remains a valuable and current resource for CIOs and IT executives as they work to drive their organizations’ digital transformation and achieve success through the effective implementation of the Balanced Scorecard framework.
The balanced scorecard as a strategic tool for management
This case study explores the effectiveness of the balanced scorecard methodology in implementing corporate strategy – from vision to measurement and control. How effective is BSC in translating vision into strategy? Communicating strategic objectives? Quantifying and measuring results? The study helped identify critical success factors to successfully deploy BSC for strategy implementation.
This paper discusses the use of the balanced scorecard to create a strategy focused organization – what is a strategy focused organization? how can organizations use their scorecards to align key management processes and systems to the strategy? What is the relationship between the Balanced Scorecard (BSC) and other financial and cost measurement initiatives, such as shareholder value metrics and activity-based costing, and quality programs?
Today, more than ever, organizations need to combine profits with social good. This workshop makes the connection between profits and the need to balance profits with the social and societal well-being – what is Corporate Social Responsibility (CSR)? What is the balanced scorecard framework (BSC)? how to connect CSR with strategy? what are some examples of using BSC to align the profit motivation with societal needs?
This document provides a step by step guide to create a strategic plan for information and communication technology. For each activity, it provides overview of the step, required inputs, expected outputs, tasks lists and process diagram, supporting tools, and related tasks.
This presentation introduces the balanced scorecard, discusses its pros and cons, opines on its future, and discusses how it can be used at government institutions.
The author makes for a structured approach to IT Strategy using the Balanced Scorecard (BSC) framework and then describes just how to use the balanced scorecard to create an IT strategic plan. Is there any strategy in your strategic plan? What are you using to measure, monitor, and communicate your
This paper provides a general background, brief history of the balanced scorecard (BSC). It also discusses key issues surrounding BSC and provides recommendations for its implementation.
This article describes a balanced scorecard based framework for measuring and reporting the performance of information security programs in offshore outsourcing.
This presentation provides a good overview of the balanced scorecard (BSC) and its use in developing business strategy.
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