eTraining: Strategy maps and Balanced Scorecard
eTraining: Strategy Map and Balanced Scorecard
In the second part of the training you will learn how to define your strategic goals and create strategy maps. The duration of the training part: 31 min. Coaching part includes 1 exercise.
In this part of the BSC training we will talk about your strategic goals and creation of the strategy maps.
Play Example: Introduction to the e-Training
Actually, the purpose of Balanced Scorecard is to link your strategy to action and that is what we will explain in this part of the training:
- Why businesses need strategy maps? We talk about strategy maps as a visualization tool.
- What steps you need to do to go from the vision and mission statements to the strategy maps.
In the coaching part of the training we answer some questions about Strategy Maps:
- Who should design strategy maps, who should be involved in the process of creation;
- How often should the strategy map be reviewed;
- Can we use just Balanced Scorecard or should we combine strategy maps and BSC;
- What stages of strategy map design we need to pass to design great strategy map;
Play Example: use strategy map for visualization of business goals
Play Example: 2 simple rules about strategy maps
In this part of the training we also discuss the algorithm for the design of strategy maps:
- How to define strategic goals;
- What time frame should we use;
- How can we link strategy map to indicators;
- How to automate the creation of strategy maps with software;
