A Balanced Scorecard Strategy Map visually represents an organization’s strategy and how it aligns with its Balanced Scorecard framework. It is a tool that helps organizations to communicate their strategic objectives and how they are interconnected and to track performance against these objectives.
The strategy map typically includes four perspectives: financial, customer, internal processes, and learning and growth. Each perspective is linked to specific strategic objectives and KPIs, and the links between them are clearly shown to demonstrate how they are interrelated.
For example, a strategy map for a manufacturing company might include the following elements:
The strategy map would then include specific strategic objectives, KPIs for each perspective, and indicators to measure progress toward these objectives.
The Balanced Scorecard Strategy Map visually represents an organization’s strategy, helping to align stakeholders and communicate the importance of specific objectives and KPIs. By using a Balanced Scorecard Strategy Map, organizations can ensure that their Balanced Scorecard framework is aligned with their strategic goals and objectives and driving performance improvement.
The Balanced Scorecard Strategy Maps category is a comprehensive collection of resources, articles, and documents that provide CIOs, IT executives, and decision-makers with insights, best practices, and practical guidance on creating and using strategy maps within the Balanced Scorecard framework. This section of our CIO Reference Library is designed to help you visualize and communicate your organization’s strategic objectives, ensuring alignment with the Balanced Scorecard’s four perspectives: financial, customer, internal process, and learning and growth.
A strategy map visually represents an organization’s strategic objectives and the causal relationships between them, enabling stakeholders to understand the connections and dependencies that drive performance. Integrating strategy maps into your Balanced Scorecard implementation can enhance communication, facilitate decision-making, and better align your organization’s strategic goals with its day-to-day operations.
Key topics covered in this category include:
The Balanced Scorecard Strategy Maps category is regularly updated with new content, ensuring that it remains a valuable and current resource for CIOs and IT executives as they work to drive their organizations’ digital transformation and achieve success through the effective implementation and management of the Balanced Scorecard framework.
This case study demonstrates the use of the balanced scorecard in the enterprise to develop and implement a strategy. What is the balanced scorecard (BSC)? How to develop goals? How to develop a strategy map? A quick example that can be used to create a balanced scorecard for your organization.
This in-depth course provides a step-by-step instructional guide to creating a balanced scorecard for your organization. This training course introduces the balanced scorecard, how to get started with designing a BSC, and then detailed instructions on implementing the BSC framework in your organization. An excellent resource for a CIO who wants to leverage BSC for IT strategy.
This excellent primer on implementing the balanced scorecard introduces strategy maps, discusses effective scorecard design, provides tips on implementation considerations, discusses tools and software for BSC, and illustrates successful implementation with examples and case studies. MUST READ!
What is the balanced scorecard? How to use a balanced scorecard to develop a strategic plan? What is a strategy map? This presentation provides a quick introduction to the balanced scorecard and provides some examples of strategy maps to illustrate its use in developing a strategy.
This article provides an introduction to strategy maps: What are strategy maps? Why are they important? How to implement strategy maps in your organization?
<span style="line-height: 1.6em;">Are IT Balanced Scorecard and IT Strategy Maps doing a good job of communicating IT's value proposition to the business? Are these tools being used correctly to drive the IT agenda and plan? The author argues that IT Strategy Maps can be used better to communicate the value of IT and shows how. Good Read!</span>
An in-depth introduction to strategy maps – used to implement a balanced scorecard framework for strategic planning – with definitions, explanations and illustrative examples and case studies. MUST READ!
Learn how to create a BSC strategy map, key performance indicators for measuring success, real-world examples, and tips for successful implementation.
This paper explores the connection between IT value and IT Balanced Scorecard/IT Strategy Maps. It describes patterns of IT value i.e. ways in which IT creates/enables value, connects IT value with cascaded and linked strategic objectives and discusses how IT values are described in BSC’s perspectives.
This paper examines the “cause and effect” principle of the Balanced Scorecard in depth and argues that BSC is a practical framework i.e. cause and effect and Strategy Maps rule. Good Discussion.
