Balanced Scorecard is the most widely used Strategic Management framework among Fortune 1000 businesses. The success of this tool lies in the extensive yet intuitive process it uses to connect employee’s everyday work with the long-term strategy of the business. This 2-day hands-on workshop is designed to develop a detailed understanding of Balanced Scorecard among the participants – enabling them to independently undertake a pilot implementation. Participants will learn the 9 steps framework which starts with competitive assessment of the market and moves on to developing, implementing and reviewing a firm’s strategy. The program also includes extensive sessions on KPIs development from a strategic perspective and introduces dashboards to improve strategic communication and HRM.
- Understand the basic concepts of strategic performance management and measurement
- Understand the basic concepts of balanced scorecard systems
- Learn the 9 steps framework for balanced scorecard design, implementation and review
- Learn how to design and implement KPIs/ Performance Measures/ Key Results
- Understand the role and structure of dashboard for performance management through KPIs
Day 1
- Session 1: Introduction to Balanced Scorecard
- Session 2: Program Planning
- Session 3: Building & Implementing the Balanced Scorecard Step 1 including Hands-on exercises & case study
- Session 4: Building & Implementing the Balanced Scorecard Step 2 including Hands-on exercises & case study
Day 2
- Session 1: Building & Implementing the Balanced Scorecard Steps 3 & 4 including Hands-on exercises & case study
- Session 2: Building & Implementing the Balanced Scorecard Steps 5 & 6 including Hands-on exercises & case study
- Session 3: Building & Implementing the Balanced Scorecard Steps 7& 8 including Hands-on exercises & case study
- Session 4: Building & Implementing the Balanced Scorecard Steps 9; and Course summary & exam
- Strategic Assessment
- Development of Organizational Strategy
- Strategic Objectives of an organization
- Strategy Maps
- Performance Measures/ KPIs/ Key Results
- Initiatives and Projects for strategy implementation
- Automation of performance management through KPIs dashboards
- Cascading organizational strategy to departmental and teams’ levels
- Reviewing the strategy
- Business Leaders
- Head of Strategic Planning, Finance, Marketing and HR Departments - Departmental Heads
- Senior Managers
- Fast growing junior mangers expected to become part of strategy making process.
Nadeem Ishaq Kureshi
Nadeem Ishaq Kureshi holds a PhD in Strategic Management and has successfully implemented Balanced Scorecard based Strategic Management systems in serval large and medium sized organizations/ businesses around the globe. Besides doctoral studies from CASE and Michigan State University, he has attended programs at George Washington University and Naval Post Graduate School Monterey. With more than 20 years of experience in the field and academia, he has published more than 60 scholarly papers on relevant topics and two books on Diffusion on Innovations and Balanced Scorecard. He has been a faculty member at NUST and Michigan State University. He holds various world-renowned certifications including Balanced Scorecard Master Professional, KPI Professional, Six Sigma Black Belt, Project Management Professional and Risk Management Professional.
Nadeem Ishaq Kureshi
