Training Evaluation Metrics

Implementation and maintenance of Balanced Scorecard is quite a difficult and for some companies a painful process.  This performance evaluation tool works only when a number of conditions are observed.  One of the most common myths about Balanced Scorecard is that BSC is a magic tool that is capable of turning any company into a successful international corporation.  Well, there is no magic in the business world.

Balanced Scorecard yields positive results only when it is properly implemented.  As said above, the system itself will not do all the work.  If the company management is not ready to implement BSC, this system will turn into a useless pile of datasheets, charts, tables and other information.  It should be noted that implementation of Balanced Scorecard requires sufficient investment.  Thus, unsuccessful implementation of BSC is simply a waste of money.

It is very important for the company to know 2 basic things: how a company learns that it needs Balanced Scorecard and how a company knows that it is ready to use Balanced Scorecard.  To answer the first question one should keep in mind the following:

• If the company midlevel and top management is not involved in strategic planning than such a company certainly needs Balanced Scorecard
• If the company personnel does not understand strategic goals such company needs Balanced Scorecard
• If there is poor communication between companies belonging to one holding, such companies need Balanced Scorecard
• If there is no operational control in the company such company needs Balanced Scorecard

To answer the second question (are you ready to use Balanced Scorecard) you can download free questionnaire on Balanced Scorecard from AKS-LABS.  This survey is offered in pdf extension which one can print out and check the answers.

BSC questionnaire will be helpful for the entire company

This questionnaire would be helpful both for those who plan to use Balanced Scorecard men those already using BSC.  Having answered the question and check the results one will be able to evaluate knowledge on Balanced Scorecard.

The questions mostly concern implementation stages of Balanced Scorecard, peculiar features of this system, key performance indicators, their number and impact on co performance, strategy maps, strategic goals etc.

This survey is designed both for company management and ordinary employees.  It is very important that every employee understands strategic goals of the company and the way Balanced Scorecard works.  Having analyzed questionnaire results it will be possible to determine total readiness of the company and its management to use Balanced Scorecard in the everyday work.

Check your BSC knowledge

Read on BSC questionnaire here.

Implementation and maintenance of balanced scorecard is quite a complex and lengthy process.  The company management needs to realize that balanced scorecard will not work unless a number of important conditions are fulfilled.  Balanced Scorecard it appears to be useless if numerous mistakes are made when the system is being implemented.

That’s why it is very important to be 100% ready to use the system.  For this a reason special training on Balanced Scorecard and use of additional materials is highly recommended.  Balanced Scorecard is not as easy as it might seem, and it will be quite a challenge to successfully implement it without professional assistance.

Developers of BSC Designer from AKS-LABS offer users practical courses and theoretical materials.  We have already written about audio training course on Balanced Scorecard.  Now it is the time for a free product – a collection of templates for Balanced Scorecard.

Templates on balanced scorecard are offered in archive containing several power find and pdf files.  What can you find in those files?  Well, first and foremost the templates present the four perspectives of balanced scorecard: financial, customer, internal processes, learning and growth.  Each perspective has its objectives measures, targets and initiatives.

Enjoy free BSC templates from AKS-LABS

AKS-LABS offers free templates with charts and tables which you can use to design a strategy maps and Balanced Scorecard for your company.  This will help visualize company strategy through indication of company goals, measures and response actions.

The templates contain screenshots from BSC Designer for users to understand how real values and indicators will be represented in the program.  You also see how the information will be shown in excel format.  Templates for KPIs in different perspectives will help better understand concept of balanced scorecard and save your time.

Templates are available for download from this page.

Download free BSC templates

Buy a new training course on Balanced Scorecard

Automated business management tools are becoming increasingly popular in the recent years, especially in the large companies.  But the revolution in the concept of communicating company strategic vision with operation level broke out with the development of balanced scorecard system.  Of course business has always been measured.  But prior to the early 1990s only financial indicators were evaluated.  Balanced scorecard system started evaluation of non-financial indicators.  Indeed, how a company can become financially prosperous?  Of course through improvements in operational management.

Balanced scorecard system was the first to communicate strategic vision of the company goals with operational or lower management.  Through evaluation of four perspectives balance scorecard helps company management to work out key performance indicators, response measures and set realistic strategic goals.

This system has received a lot of criticism mostly from those companies and top managers which failed to make an effective use of balanced scorecard.  It should be noted that implementation of balanced scorecard is not an easy process.  It is very important to get basic knowledge and acquire key skills when implementing balanced scorecard.

From now on top managers and everyone who wants to use balanced scorecard in their company can purchase a training course on BSC which covers a lot of important issues and gives answers to a number of controversial and acute questions.

The training course is structured in a very convenient way.  The course sections are synchronized with stages of balanced scorecard implementation.  Thus, you will learn new things from simple tool more complex issues.

Experts in balance scorecard will share their vision on initial steps of balanced scorecard implementation and design, selection of winning KPIs and determining the optimal number of them, creation of strategy maps and cascading balanced scorecard.  Of course this is not the complete list of issues covered in the training course which consists of mp3 files (total length is 5 hrs).

It should be noted that the speaker uses at very clear and simple language, so even if you are not balanced scorecard expert you’re likely to understand everything or almost everything.

To support the idea of balanced scorecard learning will give you this statistics: only about 30% of managers are satisfied with the results obtained with balanced scorecard when the system was implemented without expert help, additional training or professional assistance.

Why not educate yourself and learn secrets of balanced scorecard system?  Purchase balanced scorecard training audio course from this page.

Education is all important to successfully implement BSC