Implementing the Balanced Scorecard: A Tool for Managing Performance and Executing Strategy

Implementing the Balanced Scorecard: A Tool for Managing Performance and Executing Strategy logo

Your role as Certified Management Accounting professionals is rapidly evolving to ensuring that performance objectives are met and fully aligned with the organization’s mission. No longer is your role as a CMA relegated to simply a financial or accounting function but it is increasingly viewed as a partner in achieving a strategic goal. Your role is now to understand how to achieve performance expectations through many facets, not solely depending on financial results. This e-learning session will provide the essential information for you to balance internal and external expectations through financial and nonfinancial performance metrics within a scorecard framework.

In recent years, the business environment has become increasingly competitive, challenging, and exceptionally demanding. More than ever before, profit and non-profit organizations are confronted with competition from similar organizations, in the presence of competing products or services, and have access to limited resources.


The Balanced Scorecard is a performance and change management framework allowing management to manage specific factors and effectively manage internal and external processes. The Balanced Scorecard’s primary objective is to link the organization’s strategic objectives and direction to tangible measures encompassing four strategically focused areas. The tool provides an opportunity for management and employees to communicate through a common language, establish realistic tangible performance measures and targets, and attain the organization’s strategic objectives. It is clear that performance management is essential to organizational success effectively managed and executed through the Balanced Scorecard framework. You will gain the essential skills and abilities in the Implementing the Balanced Scorecard e-learning session.


Objectives

Upon completion of the “Implementing the Balanced Scorecard” e-learning course will be for you to be able to: 

  Develop each of the four perspectives, which are the foundation elements, of the balanced scorecard
  Create specific and interdependent performance metrics within the balanced scorecard and performance management framework
  Effectively communicate and translate the performance results from your organization’s the strategic framework and scorecard
  Build robust and focused business objectives that align directly and contribute to achieving your organization’s strategy
  Keep these objectives in mind as it will help you to remain focused and benefit from the learning experience.


Key Benefits and Takeaways

There are six modules for the CMA Implementing the Balanced Scorecard e-learning session. The session is designed linearly and progressive. This essentially means that to gain the greatest learning impact within this course it is recommended to proceed through each module sequentially and ensuring a proper understanding of each module before progressing further. Each module, however, is designed to also allow you to participate through the modules of your choice. The course structure and agenda is as follows:

  Introduction: Setting the Stage
  Defining organizational strategy
  Framing the need for a Balanced Scorecard
  Addressing organizational expectations
  Developing the various BSC perspectives
  Quiz details
   

Who Should Attend

Managers and accountants at all levels including those in technical and non-financial areas seeking to get fundamental performance management skills and place in a stronger position to executing their business or organization’s strategy within the Balanced Scorecard framework. 

Program in Detail

This e-learning training requires that you use speakers or head set to hear the trainer`s explanation. You have one month to complete the training from the day of your purchase. You may start at any module of your choice. A certificate of participation will be send to you upon successful achievement of the short evaluation.

Fee

The regular cost for this training is $499. CMA members and candidates may benefit from the special rate at $435 plus HST.

Please click here to register. 
Cancellation policy

Cancellation 10 days before the activity: no charge.
Cancellation less than 10 days before the activity: 50% of the fee will be deducted.
Cancellation less than 72 hours before the activity: 100% of the registration fee will be deducted.

The CMA Order reserves the right to cancel or postpone a training activity at the latest 10 days before the scheduled date of the activity if the number of registered participants is less than 10. In that case, the registration fee will be fully refunded to the participants.

Program Leader

Ajay M. Pangarkar, CTDP, CMA
Performance Strategist, Author
CentralKnowledge Inc.

Designed and Developed By: Ajay M. Pangarkar and Teresa Kirkwood

This session is based upon the book:
The Trainer’s Balanced Scorecard: A Complete Resource to Linking Learning to Organizational Strategy
Author: Ajay M. Pangarkar CTDP, CMA and Teresa Kirkwood
(Published by John Wiley & Sons 2009) http://amzn.to/c3Qsk0

Note: this seminar is being put on by CMA Quebec.

Price: $435.00


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