Want to use Balanced Scorecard for your 2016 Strategic Plan?
That’s a great idea CEO. Let’s do it. Here’s a quick video that shows you how.
Not sure what the Balanced Scorecard approach to strategic planning is? Here’s a quick primer.
2016 is coming and you are ready to dramatically change your business and get breakthrough results! …now how do you do it?
Several of our customers here at KPI Fire use a popular approach to their annual strategic plan and we thought we’d share it with you.
The Balanced Scorecard
The Balanced Scorecard is a comprehensive approach to designing your organization’s strategy. Rather than focus on just one aspect of the business, which for many executives would be financial KPIs, the Balanced Scorecard approach looks at 4 categories together.
Financial Performance | Customer Satisfaction | Learning and Growth | Internal Business Processes
This ensures a business doesn’t focus too much on making money while destroying employee morale, or driving throughput at the expense of quality. This is the balance created by the Balanced Scorecard.
The scorecard portion answers the question, “How will we measure our performance in each area of our business against our strategic goals?” To do this you have to create actionable key performance indicators or KPIs for each of the 4 categories. Financial metrics are common and well understood in most industries. Where companies usually get stuck is in determining KPIs for …finish reading the entire article on our website.
Your 2016 Strategic Plan
Have you completed your 2016 strategic plan? KPI Fire’s 2 day Strategic Planning Workshop is intense, fun and will result in an achievable breakthrough strategic plan for your business. We will come to your facility or join us at our offsite retreats here in Park City Utah. We work with organizations as well as functional teams to create visual strategy management systems that get real results.
Contact me personally at cedro.toro@kpifire.com to learn more.
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