How to Communicate and Execute Strategy
|Event Date/Time: Jun 13, 2005||End Date/Time: Jun 15, 2005|
|Registration Date: Jun 13, 2005|
|Early Registration Date: May 15, 2005|
This two-day workshop goes beyond the theory and case studies to give you hands-on experience with the process of designing and deploying strategy maps and balanced scorecards. The goal of this course is to allow you to participate in, and learn the process of, building a balanced scorecard with a strategy map for a hypothetical company. As you participate, you will deepen your understanding of the key concepts and best practices of this powerful methodology of strategic performance management.
Most of your time will be spent in a small group of 4 to 6 people, guided by a dedicated instructor, so you will be actively engaged in a rich learning environment. We compress the process of developing a strategy map and scorecard into several interactive exercises that let you experience each step of the process that you may eventually take with your own organization. By taking this accelerated journey in a hypothetical company, you can focus on the principles and the process without getting bogged down in the specific details of your own organization. Later when you take this journey with your own organization, you’ll be more confident and effective because you’ll have completed a high-level “fly-over” of the process, so you’ll know what to expect.
Features of this workshop
1. Pre-workshop packet includes assorted background material and a multi-media CD-ROM to make sure participants have a baseline of understanding of the Balanced Scorecard and Strategy Maps.
2. Work through a realistic business scenario that almost everyone can relate to and actively participate in. The same example is used throughout the workshop.
3. Half of the small groups will work on one strategy and half will work on a different strategy—highlighting how different the objectives, measures and initiatives will be if they are tied to the strategy.
4. Each step will include a brief training on the process, principles and tools for that step in the process, and then participants will break down into small groups for a hands-on exercise. Everyone gathers together at the end of each hands-on exercise to share lessons learned and to discuss the “pre-baked” textbook solution that will be used as the basis for the next module.
Workshop Agenda Day 1 - Monday, June 13, 2005 - 8:00 am-4:30 pm
· Continental Breakfast
· Review of key balanced scorecard concepts
· Introduction to the business scenario
· The scorecard planning process and strategy refinement
· Define perspectives and strategic themes
· Developing the objectives and the Strategy Map
· Using Technology in the Early Stages of BSC Development
Workshop Agenda Day 2 - Tuesday, June 14 - 8:00am-4:30pm
· Continental Breakfast
· Review of the two contrasting strategy maps
· Developing measures and targets
· Developing and prioritizing strategic initiatives
· Cascading a scorecard and 3-D causal linkages
· Using themes (and the role of theme teams)
· Data automation and integration
· Summary of the process and key lessons learned.
Optional ½ Day Workshop on BSC Automation - Wednesday, June 15 - 8:00 -11:30 am
· Continental Breakfast
· Discussion of different approaches to Balanced Scorecard Automation
· Demonstration of building a scorecard and strategy maps using the award-winning software, InsightVision.
· Demonstration of technology capabilities that support the on-going integration of the BSC into an organization.
Lead Instructor (There will also be several other small group coaches)
Bill Barberg is the president and founder of Insightformation, Inc. founded in 1991. Insightformation has been a pioneer in helping organizations bridge the balance scorecard methodology and technology to improve performance. In 2001, Insightformation was hired by Microsoft to create the Microsoft Balanced Scorecard framework (BSCF). In 2002, they developed InsightVision, an award-winning software application based on the Microsoft BSCF. Bill co-authored the white paper, “Bringing the Balanced Scorecard to Life” and has spoken and written extensively on the best practices of the Balanced Scorecard methodology.
Registration and Logistics
Registration: The Workshop fee is $1195.00 for the first person from an organization and $995.00 for each subsequent person from the same organization. There is a $200 discount if you register before May 15, 2005. Members of co-sponsoring organization get an additional $100 discount per person. Consultants can contact us about a special rate for those who practice in this area. You can register on-line at June Hands-on Lab (or visit www.insightformation.com and look at the Seminars section on our home page). The workshop is limited to 40 people. Registrations must be received by June 10, 2005 (Students can call about student discounts.)
Workshop Location: Lewis University, Oak Brook Campus, 2122 York Road, Oak Brook, IL - Conference Center Rooms 121-122
Hotel: For those arriving from out of town, there will be a block of rooms reserved at the Hampton Inn, one half mile from Lewis University. There will be shuttle bus availability from the Hampton Inn to Lewis University.
Mention the Balanced Scorecard Workshop and you will get the discounted rate of $99 per night. To take advantage of this rate, please make your reservations by May 31. Phone: 708-409-1000
If you have any questions or would like more information on this workshop, contact Satish Sadagopan at (630) 786-0104 or E-mail: firstname.lastname@example.org
Note: Even if you cannot attend the full two day workshop, we invite you to attend the optional half-day session about Balanced Scorecard and Strategy Map automation on the morning of June 15th at no charge. Call Satish to register for just that session.