Strategy 4.0 Execution using Balanced Scorecard & Lean Techniques

Strategy 4.0 Execution using Balanced Scorecard & Lean Techniques

About the Program

To many organizations, strategic plan ends at its launch after that  many are not aware of the next step and even if they are aware,  they do not understand how to monitor and evaluate the  progress of the plan. This course on Strategic Planning using the  Balanced Scorecard and Lean Techniques helps organizations to  put strategy at the heart of everything they do. By translating  strategy into a balanced set of objectives – covering Finance,  Customer, Internal Processes and People. The Balanced Scorecard  (BSC) is a performance management tool that gives a quick and  comprehensive view of the business KPIs. Using different KPI  metrics, BSC identifies, analyze, controls and improves internal  business functions and measures their external outcomes. A  Balanced Scorecard provides a quantitative analysis of several  performance metrices by which organizations can interpret  information to make better decisions. The Balanced Scorecard  puts strategy at the heart of your organization, allowing you to  focus 100% of your employees’ effort on the achievement of  company objectives. It provides a powerful framework for the  rapid and effective implementation of strategy, delivering  breakthrough performance improvement.

Program Objectives

• Translate strategy to  operational terms
• .Align the organization  operations to the strategy
• Develop guidelines in Setting  Measures and Targets using  KPI’s
• Make Strategy Everyone’s  Everyday Job.
• Make strategy a continual  process

Target Audience

• Board members
• Chief Executive  Officer/Managing Director
• Heads of department
• Financial Officers and  Controllers
• Process Managers
• Strategic Planning Managers

Training Period

5 Days

Modules

Module 1: Balanced Scorecard and  Its Application

• Introduction to the Balanced  Scorecard
• Building a Strategy Focused  Organization (SFO)
• Balanced Scorecard and the  Performance Metrics – The 4  Perspectives
• Examples of Specific Metrics –  Financial Perspective
• Lag and lead measures / KPIs.

Module 2: Understanding Strategy  and Building Strategy Maps

• Understanding organizational  strategy
• Strategy maps and strategic  themes
• Principles of developing strategy  maps and strategy alignment
• Exploring the strategies of  participants’ own organizations
• Creating strategy maps for  participants own organizations
• Strategic measures / KPIs
• Linking strategy and business  planning

Module 3: 5S Lean Methodology in  Strategy Implementation

• 5S Principles
• 5S as a strategy for cultural change
• The learning & growth perspective in  detail
• Creating a climate for action
• Cascading the Strategy Map using 5S

Module 4: Balanced Scorecard KPI and  Data

• Strategic assessment framework
• Review the foundations of the  strategy.
• The information required to evaluate  strategies.
• Strategic evaluation matrix
• How to measure regulatory  performance

Module 5: Corporate Performance,  Governance and Business Ethics

• Stakeholders and Corporate  Performance
• Agency Theory
• Governance Mechanisms
• Ethics and Strategy

Delivery Method

This program is taught through a mix of practical activities, theory, group work and case studies. Training manuals and additional reference materials are provided to the participants.

CERTIFICATION

Upon successful completion of the training, participants will be awarded a certificate of course completion