Book description
A practical, easy-to-understand guide to Balanced Scorecard for busy business leaders
The Balanced Scorecard method is an analysis technique designed to translate an organization's mission and vision statement and overall business strategies into specific, quantifiable goals, and to monitor the organization's performance in achieving these goals. Much less technology driven then other analysis approaches, it analyzes an organization's overall performance in four regards: financial analysis, customer service, productivity and internal analysis, and employee growth and satisfaction. Balanced Scorecard Strategy For Dummies breaks down the basics of Balanced Scorecard in simple language with practical, Dummies-style guidance on getting it done. This book covers all the basics of Balanced Scorecard for busy executives and managers-and does it without the high price tag of most professional level Balanced Scorecard guides.
Table of contents
- Copyright
- About the Author
- Authors’ Acknowledgments
- Introduction
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I. The ABC’s of Balanced Scorecard
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1. Goals, Scores, and the Balanced Scorecard
- Getting Familiar with Balanced Scorecard
- Achieving Organizational Balance
- Analyzing Your Customers: Critical Leg
- Following the Money: Foundation Leg
- Tracking Your Internal Business Processes: Value-Creation Leg
- Managing Company-wide Knowledge, Education, and Growth: Learning Leg
- Using Dashboards to Apply Balanced Scorecards to Your Business
- 2. Building and Balancing Scorecard Strategies
- 3. Planning For the Balanced Scorecard
- 4. Putting Your Balanced Scorecard into Action
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1. Goals, Scores, and the Balanced Scorecard
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II. The Customer — The Critical Leg
- 5. Understanding Your Role with Customers
- 6. Creating a Customer Scorecard
- 7. Building the Customer Leg Dashboard
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III. Financial Measurement — The Foundation Leg
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8. Understanding Your Role in Financial Measurement
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Five Things You Must Know About Financial Measurement
- Your financial measures must be accurate and highly dependable
- Your financial measures must truly reflect the value of your business
- Your financial measures must cascade easily from top to bottom
- Your financial measures must be easy to use and explain
- Your financial measures must adhere to current regulatory and tax laws
- Finding The Financial Data Gold Mines
- Measuring and Interpreting with Accuracy
- Turning Numbers into Information
- Linking Financial Measurements To Strategies, Plans And Tactics
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Five Things You Must Know About Financial Measurement
- 9. Building the Financial Leg Scorecard
- 10. Building the Financial Leg Dashboard
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8. Understanding Your Role in Financial Measurement
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IV. Internal Business Processes – The Value-Creation Leg
- 11. Understanding Your Role in Internal Business Processes
- 12. Building the Internal Business Process Scorecard
- 13. Building Dashboards for Internal Business Processes
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V. Knowledge, Education, and Growth — The Learning Leg
- 14. Understanding Your Role in Learning and Growth
- 15. Creating the Knowledge, Education, and Growth Scorecard
- 16. Creating The Knowledge, Education, and Growth Dashboard
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VI. The Part of Tens
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17. Ten Tips for Balanced Scorecard Success
- Establish (and Remember) Where Your Company is Headed
- Understand and Stay Current with What Your Customers Want
- Define Your Scorecard and Dashboard Roles and Responsibilities
- Charter Effective Steering Committees
- Establish and Maintain Accountability
- Link Your Scorecards and Dashboards to Your Strategies, Goals, and Objectives
- Communicate Your Personalized Four-Legs Approach to Everyone
- Use Feedback and Feed-Forward Loops
- Plan and Execute Your Balanced Scorecards Relentlessly
- Synergize Your Scorecards for Competitive Advantage and New-Market Entrance
- 18. Ten Biggest Scorecard Mistakes to Avoid
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19. Ten Tips for Overcoming Barriers
- Empower Your Employees
- Be Flexible
- Apply Psychology
- Identify and Use Influential People
- Limit the Use of Force
- Don’t Shoot the Messenger; Make Everyone the Messenger
- Implement Stage-Gate Reviews
- Reward, Recognize, and Celebrate Success
- Communicate, Communicate, Communicate (And Don’t Forget to Talk)
- Provide Structure for Coaching, Mentoring, and Learning from Mistakes
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17. Ten Tips for Balanced Scorecard Success
- Balanced Scorecard Strategy For Dummies®
Product information
- Title: Balanced Scorecard Strategy For Dummies®
- Author(s):
- Release date: September 2007
- Publisher(s): Wiley
- ISBN: 9780470133972
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