A Strategy Map is a diagram that describes how an organization creates value by connecting strategic objectives in explicit cause-and-effect relationship with each other in the four BSC objectives (financial, customer, processes, learning and growth). Strategy Maps are a strategic part of the Balanced Scorecard framework to describe strategies for value creation.
Results Chain is a systematic approach for linking desired results/outcomes and resource decisions, while considering all of the required conditions for realization
When combined Strategy maps define the desired results/outcomes, and Results chains map out the inputs, activities and outputs needed to achieve each outcome identified in the Strategy map.
The combination provides an holistic overview that visualizes opportunities to consolidate activities to implement the strategy.
This interactive workshop will cover the development of creating Strategy Maps and combining these with Results Chains to create a strategic plan that is both holistic and implementable.
What You Will Learn
- How to develop specific strategies that embrace the interests of all stakeholders
- How to translate these into Results Chains that identify the inputs, actions and outputs needed to achieve the indicated strategic results.
- How to connect output measures with a Balanced Scorecard approach to tracking Key Performance Indicators (KPI’s)
- How to create a detailed strategic plan that has identified the key actions and requirements, areas for strategic consolidation, and key measures of success.
This course is primarily targeted Senior executives and decision makers.
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