BEGIN:VCALENDAR VERSION:2.0 PRODID:-//wp-events-plugin.com//7.2.3.1//EN BEGIN:VEVENT UID:1859@x8ti.com DTSTART;TZID=Asia/Bahrain:20250609T090000 DTEND;TZID=Asia/Bahrain:20250613T130000 DTSTAMP:20250126T120841Z URL:https://x8ti.com/event/balanced-scorecard-bsc-training-course-2/ SUMMARY:Balanced Scorecard (BSC) Training Course DESCRIPTION:Introduction\n\nWhat is the concept of a Balanced Scorecard (BS C)? The Balanced Scorecard is a business structure. It is used for managin g and tracking the organization’s strategy. The very term ‘balanced sc orecard’ derives from the concept of looking at strategic measures in a very balanced view of performance concerning the financial health of the o rganization.\n\nHowever\, in this approach\, the organizational analysts e valuate not only the financial performance but also it takes into the rega rd the performance indicators of customer service\, internal process\, and learning and growth achieved of the business.\n\nThe Balanced Scorecard f ramework is a very important management system. It provides management wit h feedback on both internal practices and external outcomes to unceasingly improve business strategies\, results\, and performance.\n\nThe Balanced Scorecard was formulated and published by Robert Kaplan and David Norton i n the year 1992. A balanced scorecard is a management approach that acknow ledges that financial measures by itself is not satisfactory and that an o rganization needs a more all-inclusive.\n\nIt needs to have a set of balan ced measures that can mirror different Key Performance Indicators that wil l contribute to enhanced performance and achieve the strategic goals of th e organization.\n\nThe BSC concept is driven by the principle that there i s a cause-effect relationship between learning\, business processes\, cust omers\, and financial results. The Balanced Scorecard evaluates and tracks all-round performance across the entire organization.\n\nHow important is Balanced Scorecard as today’s management model? The Balanced Scorecard gives stakeholders\, business partners\, strategists\, business analysts\, and the management of the 360-degree insight to improve the decision-maki ng process.\n\nBSC also accepts the idea that certain selected measures in fluence the behavior of people in the organization. Using this systematic framework connects the dots between the various components of projects and departments working for the organization.\n\nXcelerate Training Institute Solutions offer you the most practical and effective steps to develop and implement this framework within your organization through this training p rogram.\n\nLearning Objectives \n\n Understand the major concepts and 4 p illars of the balanced scorecard\n Focus around the key requirements and metrics of the business\n Enable you to implement a sturdy performance re view consistently\n Learn to formulate organizational strategy and plans \n Align yourself with organizational goals and performance\n Translate organizational plans into measurable KPI’s\n Effectively communicate da ta and plans to different levels\n Align individuals' objectives with the companies' objectives\n Design and deploy a scorecard within the existin g structure of businesses\n\nTraining Methodology \n\nXcelerate Training I nstitute Solutions offers you a very practical training program with numer ous vital concepts\, frameworks\, and techniques.\n\nWe also offer customi zation to suit the training requirements of the audience and their profess ional backgrounds. The powerful presentations by expert trainers form a ma jor part of the program.\n\nTraining will be very participative and partic ipants are encouraged to share their experiences practices from organizati ons. At Xcelerate Training Institute Solutions follow the Do–Review–Le arn–Apply Model of training.\n\nBenefits For Your Organization\n\n Deve lop and implement a BSC architecture in a regulated manner\n Overcome cha llenges in strategy implementation\n The organization can execute structu re to its strategy\n Improved communication execution\n Ensure individua l goals link to the organizational tactics\n Helps create and select KPIs that will help the management to execute a strategic plan\n Provides man agement and stakeholders with a complete picture of business performance\n \nBenefits For You\n\n Obtain identification as a Balanced Scorecard Mana gement Professional\n Employees will be able to draft better strategic pl ans\n The BSC system will enable individuals to collect data and improvis ed reporting\n Managers will feel empowered in identifying areas that nee d improvement\n Managers will be able to allocate resources properly as t hey understand this approach\n Individuals will be more focused on the ri ght objectives for career growth plans\n\nTarget Audience \n\nThis course is designed for people in every sector of all organizations who are respon sible for designing\, developing\, implementing\, and maintaining a sturdy organizational performance management system.\n\nThis Balanced Scorecard Certification is important for those who are responsible for developing ef ficient performance instruments by selecting appropriate software tools\, working on scorecards\, reporting\, and developing strategic decision maki ng  and action plans.\n\nAll executives\, analysts\, managers\, policymak ers\, business owners\, HR\, and people in management should enroll in thi s program.\n\nCourse Outline\n\nStep 1\n\n Origins and Progression of the Balanced Scorecard Methodology\n Balanced Scorecard as a management conc ept for different organizations\n Advantages of Balanced Scorecard to inc rease performance\n Strategies\, Design\, and Execution of the BSC in exi sting frameworks\n Balancing non-financial and financial aspects of busin ess\n The Cause-and-Effect Relationship\n Employee influence\, productiv ity\, and accountability\n Developing an Efficient Balanced Scorecard tha t works\n\nStep 2\n\n Successful BSC Program Launch: The 9 Steps\n Asses sment of current data and standings\n Strategy Profile\n SMART Strategic Objectives\n Strategy value-chain Mapping\n Performance Measures (KPIs) \n Strategic Initiatives to close performance gaps\n Performance Analysi s of evidence-based data\n Organizational Alignment: Integration\n Evalu ation\n\nStep 3\n\n Balanced Scorecard Management System: Strategy Mappin g and Architecture\n Linking values\, mission\, value drivers\, and visio n\n Creating a BSC Strategy Map for boosting performance\n Organizationa l Performance Scorecard\n Profiling priorities and linking them to BSC\n Desired State of Evolution formulation\n Understanding the implementatio n of the 4 pillars of the Balanced Scorecard\n\nStep 4\n\n Financial Pers pective in Balanced Scorecard\n Basic Strategic Ideas related to finance\ n Measuring these Ideas concerning other non-financial aspects\n Correct data\, reporting\, and analysis\n Simplifying the financial overview\n Avoiding pitfalls with financial aspects of BSC\n\nStep 5\n\n Customer St andpoint in Balanced Scorecard\n Customer Market Segment\n Customer pers pective statistics and methods\n Customer Value Plan\n Core Customer Mea surements\n Linking Customer Perspective with Financial Perspective\n\nSt ep 6\n\n Internal Business Process Viewpoint in Balanced Scorecard\n Ope rations Processes and its management\n Customer Service Management Proces ses\n Regulations\, Processes\, and Compliance\n Fundamental Business ob jectives and KPI’s\n Linking this measurement with Financial and Custom er Perspective\n\nStep 7\n\n Learning and Growth Perspective\n Human Res ource Wealth\n Information and Data Hub\n Organizational Capacity buildi ng\n Alignment of Intangible resources with a strategic approach\n Linka ges with the above 3 Perspectives\n\nStep 8\n\n Balanced Scorecard strate gy-focused organization\n Cascading and simplifying a balanced scorecard\ n Strategic and Critical Thinking\n Best Performance Management Processe s\n Performance Scorecards and Dashboards\n KPI Documentation and Polici es\n\nStep 9\n\n Common Pitfalls in a Balanced Scorecard\n Re-working po orly designed scorecard\n Key enablers: Technology and innovation\n Bala nced scorecard: Best Practices\n Practical Implementation in different or ganizational structures\n\n \; ATTACH;FMTTYPE=image/jpeg:https://x8ti.com/wp-content/uploads/2025/01/What sApp-Image-2025-01-23-at-8.56.42-PM.jpeg CATEGORIES:Strategy and Strategic Planning LOCATION:Manama Training Courses\, Wyndham Grand Manama Hotel\, Manama\, Ba hrain\, Bahrain X-APPLE-STRUCTURED-LOCATION;VALUE=URI;X-ADDRESS=Wyndham Grand Manama Hotel\ , Manama\, Bahrain\, Bahrain;X-APPLE-RADIUS=100;X-TITLE=Manama Training Co urses:geo:0,0 END:VEVENT BEGIN:VTIMEZONE TZID:Asia/Bahrain X-LIC-LOCATION:Asia/Bahrain BEGIN:STANDARD DTSTART:20240609T090000 TZOFFSETFROM:+0300 TZOFFSETTO:+0300 TZNAME:+03 END:STANDARD END:VTIMEZONE END:VCALENDAR