Balanced Scorecard
Overall Strategic Plan Structure
KSOM
Visionary Goals
Strategic Goals
Performance Goals
Visionary
Statements
Core Goal,
Vision,
Mission,
Slogan,
Market.
STRATEGY MAP
Balanced Scorecard
Perspectives &
Purpose
Descriptions
Session
Outline …
Objectives &
Objective
Destinations.
Strategy Map
Objectives,
Key Performance
Indicator,
Key Result Area,
Key Responsibility
Area,
Measures and Scores.
1
The Three Key Grid Elements
KSOM
Grid Name Usage
Objectives 1. Allocate and define how each Strategic Objectives apply to every employee.
2. Create an Initial Framework for defining the Initiatives
Activity grid.
Initiatives
1. Defines what activities occur to support every Objective.
2. Contain activity based financial budget data.
3. Allocate a date range to define a monthly grid.
Monthly
1. Define the status of any month.
2. Maintain planned and actual accounting or numeric data.
3. Provide planned and actual totals as Initiatives grid cells.
2
Objective Grid: Primary Concept
KSOM
The Strategic Objective must be applied to define each person’s activities. Every employee has a responsibility to ensure that each assigned Organizational Strategic Objective is successful.
Objective
Objective 1
Objective 2
Objective 3
Responsibility
KPI/KRA 1
KPI/KRA 2
KPI/KRA 3
KPI/KRA 4
KPI/KRA 5
3
Objective Grid: Secondary Concept
KSOM
If you cannot measure what you are doing then you probably should not be doing it. Associated with the responsibility are the concepts of success and measurement. Depending on the industry application the responsibility is often called a Key Performance and the common acronym KPI is the Key
Performance Indicator.
Strategy Map KPI/KRA
Objective
Measure
Score/Outcome
Numeric Score
Objective 1
Measure 1
Measure 2
Measure 3
Measure 4
Measure 5
Good
Bad
Very Good
Medium success
Needs
Improvement
80%
30%
95%
55%
45%
Objective 2
Objective 3
KPI/KRA 1
KPI/KRA 2
KPI/KRA 3
KPI/KRA 4
KPI/KRA 5
4
Objective Grid: Additional Columns
KSOM
It is
KSOM
Visionary Goals
Strategic Goals
Performance Goals
Visionary
Statements
Core Goal,
Vision,
Mission,
Slogan,
Market.
STRATEGY MAP
Balanced Scorecard
Perspectives &
Purpose
Descriptions
Session
Outline …
Objectives &
Objective
Destinations.
Strategy Map
Objectives,
Key Performance
Indicator,
Key Result Area,
Key Responsibility
Area,
Measures and Scores.
1
The Three Key Grid Elements
KSOM
Grid Name Usage
Objectives 1. Allocate and define how each Strategic Objectives apply to every employee.
2. Create an Initial Framework for defining the Initiatives
Activity grid.
Initiatives
1. Defines what activities occur to support every Objective.
2. Contain activity based financial budget data.
3. Allocate a date range to define a monthly grid.
Monthly
1. Define the status of any month.
2. Maintain planned and actual accounting or numeric data.
3. Provide planned and actual totals as Initiatives grid cells.
2
Objective Grid: Primary Concept
KSOM
The Strategic Objective must be applied to define each person’s activities. Every employee has a responsibility to ensure that each assigned Organizational Strategic Objective is successful.
Objective
Objective 1
Objective 2
Objective 3
Responsibility
KPI/KRA 1
KPI/KRA 2
KPI/KRA 3
KPI/KRA 4
KPI/KRA 5
3
Objective Grid: Secondary Concept
KSOM
If you cannot measure what you are doing then you probably should not be doing it. Associated with the responsibility are the concepts of success and measurement. Depending on the industry application the responsibility is often called a Key Performance and the common acronym KPI is the Key
Performance Indicator.
Strategy Map KPI/KRA
Objective
Measure
Score/Outcome
Numeric Score
Objective 1
Measure 1
Measure 2
Measure 3
Measure 4
Measure 5
Good
Bad
Very Good
Medium success
Needs
Improvement
80%
30%
95%
55%
45%
Objective 2
Objective 3
KPI/KRA 1
KPI/KRA 2
KPI/KRA 3
KPI/KRA 4
KPI/KRA 5
4
Objective Grid: Additional Columns
KSOM
It is