The document discusses the benefits and widespread use of the balanced scorecard approach for strategy execution. It notes that over 50% of large enterprises use some type of balanced scorecard. The balanced scorecard allows companies to link objectives and initiatives, monitor performance, and ensure employees understand how their work ties to company strategy. Automating the balanced scorecard with software like BSC Designer helps companies scale balanced scorecard implementation across departments to fully realize benefits like improved strategy execution and business performance.
3. More than 50 %
of large enterprises use some type of
a balanced scorecard.
— Study by Cranfield University
THE BALANCED SCORECARD IS ALREADY USED WIDELY
BSC DESIGNER
4. 31%of companies reported Balanced
Scorecard as extremely helpful;
42% as a very helpful.
— 2GC Balanced Scorecard usage survey
THE BALANCED SCORECARD IS ALREADY USED WIDELY
BSC DESIGNER
5. 34%of interviewed companies use BSC
for strategic management, 35% for
reporting, 17% for operational
management.
— 2GC Balanced Scorecard usage survey
THE BALANCED SCORECARD IS ALREADY USED WIDELY
BSC DESIGNER
6. 70%of organizations had at least partially
implemented a Balanced Scorecard
by 2006.
— Bain & Co
THE BALANCED SCORECARD IS ALREADY USED WIDELY
BSC DESIGNER
7. 50%of Fortune 1,000 companies are
using the Balanced Scorecard.
— Bain & Co
THE BALANCED SCORECARD IS ALREADY USED WIDELY
BSC DESIGNER
8. BALANCED SCORECARD was one
of the 5 most used business
tools in 2013.
— Bain & Co, Management Tools & Trends 2013
THE BALANCED SCORECARD IS ALREADY USED WIDELY
BSC DESIGNER
10. of typical workforce does not
understand its organizations’ strategy.
— Balanced Scorecard Collaborative
97%
PROBLEMS THAT ALL COMPANIES FACE AND
THAT BALANCED SCORECARD ADDRESSES
BSC DESIGNER
11. of organizations fail to execute their
strategies successfully.
— Balanced Scorecard Collaborative
90%
PROBLEMS THAT ALL COMPANIES FACE AND
THAT BALANCED SCORECARD ADDRESSES
BSC DESIGNER
12. of organizations do not link middle
management incentives to strategy.
— Balanced Scorecard Collaborative
70%
PROBLEMS THAT ALL COMPANIES FACE AND
THAT BALANCED SCORECARD ADDRESSES
BSC DESIGNER
14. BALANCED SCORECARD ALLOWS ONE TO
SEE THE BIG PICTURE
LINE-LEVEL EMPLOYEES start seeing
the connection between what they
are doing now and the strategy of the
company.
BSC DESIGNER
15. EXECUTIVES enjoy the top view of
what's happening in the company, why
it’s happening and what is the
response of the business on this.
BALANCED SCORECARD ALLOWS ONE TO
SEE THE BIG PICTURE
BSC DESIGNER
17. stakeholders need to see the big
picture of what's happening in the
business and why.
Management initiatives should be aligned with strategy and
we need KPIs to know that we are on the right track.
TO EXECUTE A BUSINESS
STRATEGY EFFECTIVELY
HOW EXACTLY CAN THE BALANCED
SCORECARD HELP?
BSC DESIGNER
18. THE BALANCED SCORECARD
obligates top managers to formalize
their strategic ideas into a form of a
strategy map.
Business objectives should be linked with each other by a
cause-and-effect connections.
HOW EXACTLY CAN THE BALANCED
SCORECARD HELP?
BSC DESIGNER
19. With the Balanced Scorecard KPIs will
be aligned to business objectives.
We will know if we are on the right track towards achieving
the business goal.
HOW EXACTLY CAN THE BALANCED
SCORECARD HELP?
BSC DESIGNER
20. In the Balanced Scorecard for each
business objective we will have an
action plan.
It will tell employees what they should do to achieve the
specific business goal.
HOW EXACTLY CAN THE BALANCED
SCORECARD HELP?
BSC DESIGNER
21. The Balanced Scorecard project will
be cascaded.
BSC project will be delegated to department levels.
HOW EXACTLY CAN THE BALANCED
SCORECARD HELP?
BSC DESIGNER
23. The Balanced Scorecard is not a
replacement for classical project
management tools.
The BSC addresses the strategy execution problems, not a task
management challenges.
YOU STILL NEED YOUR PROJECT MANAGEMENT TOOLS
BSC DESIGNER
24. The Balanced Scorecard gives a
business context for operational tasks.
Instead of just doing their job, employees will be able to
understand why they are doing it and why it is important.
YOU STILL NEED YOUR PROJECT MANAGEMENT TOOLS
BSC DESIGNER
25. Companies that have implemented
the Balanced Scorecard have reported
significant increases in ultimate
business performance.
The Balanced Scorecard allows changing
the perception of the job.
YOU STILL NEED YOUR PROJECT MANAGEMENT TOOLS
BSC DESIGNER
26. 83%found the most significant impacts of
Balanced Scorecard implementation
in business actions.
— 2GC Balanced Scorecard usage survey
BSC DESIGNER
27. 80%of organizations using Balanced
Scorecard reported improvements in
operating performance.
— Balanced Scorecard Forum
BSC DESIGNER
29. WHAT ARE THE BENEFITS OF THE
BALANCED SCORECARD?
30. Displays the
big picture of
what's going
on in the
company
BSC FOR A TOP MANAGER
Helps to
formulate and
execute the
strategy
Top manager have
the understanding of
the cause-and-effect
connections
between involved
business objectives
and suggested
business solutions
Visualizes
strategic
information on
the strategy map
BSC DESIGNER
31. Helps to
monitor the
current
performance
BSC FOR A BUSINESSS UNIT MANAGER
Helps to tracks
the progress
towards
business
objectives
Top level initiatives
are translated more
logically. Managers
focus on what
matters, and avoid a
job that doesn't help
the company to
execute its strategy
Visualizes
important
performance
information
BSC DESIGNER
32. Shows how
the current
task is linked
to the
company's
strategy
BSC FOR LINE-LEVEL EMPLOYEES
Tracks the
current
performance
transparently
Knowing the
ultimate goal helps
employees to do
their job more
effectively
Employees are
happy to do a job
where a final
objective and the
progress
measures are
clearly defined
BSC DESIGNER
34. As it was shown the Balanced
Scorecard is not about few KPIs and it
is not for the top managers only.
To help company execute its strategy, the Balanced Scorecard
should be a part of the business toolkit of all departments.
CHOOSING AN AUTOMATION TOOL
BSC DESIGNER
35. Excel is a great choice when you are
on the stage of a prototype.
To help company execute its strategy, the Balanced Scorecard
should be a part of the business toolkit of all departments.
CHOOSING AN AUTOMATION TOOL
BSC DESIGNER
36. When it comes to the strategy map,
cascading, sharing your BSC, choose a
professional Balanced Scorecard
software like BSC Designer.
BSC Designer you can link a KPI to your data in MS Excel.
CHOOSING AN AUTOMATION TOOL
BSC DESIGNER
38. BSC Designer is available as cloud-
based and Windows desktop
Use cloud-based version on any platform and any device,
including Mac, iPad or smart phone.
CHOOSING AN AUTOMATION TOOL
BSC DESIGNER
39. KPIs in BSC Designer
CHOOSING AN AUTOMATION TOOL
BSC DESIGNER
Create your KPIs,
link them to
Excel or SQL
database
40. Strategy Maps in BSC Designer
CHOOSING AN AUTOMATION TOOL
BSC DESIGNER
Create strategy
map with
business goals,
align KPIs and
initiatives with
business goals
41. Dashboards in BSC Designer
CHOOSING AN AUTOMATION TOOL
BSC DESIGNER
Present the most
important
information on
the dashboard
42. Projects in BSC Designer Online
CHOOSING AN AUTOMATION TOOL
BSC DESIGNER
Present
organizational
structure and
specify access
rights for
indicators in BSC
Designer Online
45. 80testimonials and case studies from
users from various businesses from
all over the world.
— www.bscdesigner.com/about-us/testimonials
CHOOSING AN AUTOMATION TOOL
BSC DESIGNER