CEOs, MDs, FDs and all other board/business unit members concerned with defining, articulating, communicating, and delivering the organisation's strategy.
Management accountants, IT directors and others responsible for the preparation, analysis, interpretation and presentation of financial and non-financial information to help assure the delivery of the strategy.
This course is about acquiring a powerful structure for building strategy-focused management information, that can be cascaded throughout the organisation, using the principles of the balanced scorecard.
You will gain an in-depth understanding of how vision, strategy, objectives, measures, targets, initiatives, key performance indicators (KPIs) and their ownership can be brought together into one performance management framework. The course provides a detailed insight into strategy maps - not only as a building block of scorecard design but as a powerful means of effective communication of strategic intent. You will aquire skills to help you explore the potential for application or improvement of the balanced scorecard in your business.
This course teaches you about the awareness of the broader organisational, technological, performance review process, people skills, and cultural issues associated with successful balanced scorecard implementation.
Speaker Details
Gary Ashworth, Director, A1 Aspirations Ltd, specialises in advanced performance management approaches. He has extensive implementation experience in a wide range of organisations, has spoken internationally on the subject and has been published widely through Pearson/Financial Times Publications and in Financial Management. He led the performance management service lines in two of the major consulting firms over a number of years, and has set up several successful private commercial ventures.
Testimonials
'Good – demystified this topic for me. The explanation of the link from strategy to individuals’ objectives was very interesting.'
Debra McDermid, Financial Controller, Capita Business Services Ltd
'Excellent introduction to the balanced scorecard, well delivered and interesting'
Brian McGillion, Senior Lecturer, Corporate Strategy, Dublin Institute of Technology
'It will assist with further developments of the balanced scorecard'
Rodney Williams, Corporate Plans, Defence Academy of the UK, Ministry of Defence
THIS COURSE IS RUN BY CIMA MASTERCOURSES
9.00 Registration and coffee
9.30 Background, role, benefits and usage patterns of the balanced scorecard
10.15 Structure of the scorecard, the famous four perspectives and the critical role of strategy mapping. First case study illustration.
11.00 Coffee.
11.15 Detailed business case studies, including organisational cascades; and using scorecard principles to execute strategy effectively.
12.45 Lunch.
1.45 Further case study – focussed on practical syndicate working.
3.00 Tea.
3.15 Benefits of overcoming the obstacles to the successful adoption of a scorecard and key considerations to explore.
4.45 Summary and conclusions, including the importance and use of personal action planning check-lists.
5.00 Close
This course is endorsed by ACCA UK, the Association of Corporate Treasurers and by the Institute of Internal Auditors.