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Why Balanced Scorecard and BSC Designer

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Convincing stakeholders to use the Balanced Scorecard approach might be a tough task. Use these slides to explain the benefits of the approach, and the benefits of using BSC Designer as an automation software for your business scorecard.

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Why Balanced Scorecard and BSC Designer

  1. 1. WHY AUTOMATED BALANCED SCORECARD WITH BSC DESIGNER SOFTWARE By bscdesigner.com BSC DESIGNER
  2. 2. THE BALANCED SCORECARD IS ALREADY USED WIDELY
  3. 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. 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. 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. 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. 7. 50%of Fortune 1,000 companies are using the Balanced Scorecard. — Bain & Co THE BALANCED SCORECARD IS ALREADY USED WIDELY BSC DESIGNER
  8. 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
  9. 9. WHY COMPANIES USE THE BALANCED SCORECARD?
  10. 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. 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. 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
  13. 13. BALANCED SCORECARD ALLOWS ONE TO SEE THE BIG PICTURE
  14. 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. 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
  16. 16. HOW EXACTLY CAN THE BALANCED SCORECARD HELP?
  17. 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. 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. 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. 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. 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
  22. 22. YOU STILL NEED YOUR PROJECT MANAGEMENT TOOLS
  23. 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. 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. 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. 26. 83%found the most significant impacts of Balanced Scorecard implementation in business actions. — 2GC Balanced Scorecard usage survey BSC DESIGNER
  27. 27. 80%of organizations using Balanced Scorecard reported improvements in operating performance. — Balanced Scorecard Forum BSC DESIGNER
  28. 28. 66%of these organizations reported an increase in profits. — Balanced Scorecard Forum BSC DESIGNER
  29. 29. WHAT ARE THE BENEFITS OF THE BALANCED SCORECARD?
  30. 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. 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. 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
  33. 33. CHOOSING AN AUTOMATION TOOL
  34. 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. 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. 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
  37. 37. WHAT IS INSIDE BSC DESIGNER?
  38. 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. 39. KPIs in BSC Designer CHOOSING AN AUTOMATION TOOL BSC DESIGNER Create your KPIs, link them to Excel or SQL database
  40. 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. 41. Dashboards in BSC Designer CHOOSING AN AUTOMATION TOOL BSC DESIGNER Present the most important information on the dashboard
  42. 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
  43. 43. USERS ABOUT BSC DESIGNER SOFTWARE
  44. 44. CHOOSING AN AUTOMATION TOOL
  45. 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
  46. 46. BSC DESIGNER PRICING
  47. 47. 40$/moCloud-based BSC Designer Online. View-only users are for free. CHOOSING AN AUTOMATION TOOL BSC DESIGNER
  48. 48. 856$Permanent license for BSC Designer PRO (for Windows) CHOOSING AN AUTOMATION TOOL BSC DESIGNER
  49. 49. 50$/moSubscription to BSC Designer PRO CHOOSING AN AUTOMATION TOOL BSC DESIGNER
  50. 50. Free- Training via video and text manuals - Customer support by email CHOOSING AN AUTOMATION TOOL BSC DESIGNER
  51. 51. THANK YOU! Feel free to send us your questions using the contact form at www.bscdesigner.com

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