Balanced Scorecard

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What's the Purpose of a Balanced Scorecard?
To align corporate objectives using Key Performance Indicators (KPIs).

To be successful, companies need to measure and monitor four key performance indicators:

  • Financial - profit
  • Customer Satisfaction
  • Quality - speed, quality, cost
  • Growth

These need to be linked from the corporate vision to short-term objectives, measures and targets for improvement.

Balanced Scorecard Process

  1. Have a facilitiated discussion to identify your:
    • financial goals and measures.
    • customer satisfaction measures.
    • quality objectives and measures for speed, quality and cost.
    • growth goals.
  2. Measure and monitor progress using control charts of KPIs.
  3. Reward employees based on results of Key Performance Indicators.

What is the QI Macros Balanced Scorecard Template?

  1. A way to link vision to goals to measures and targets.
    This can be shown as a tree diagram or table.
  2. Display Balanced Scorecard Themes
  3. Identify Strategy Maps
  4. Create a Measurement Scorecard Dashboard

Balanced scorecard examples - Click Here

Balanced Scorecard Tree

Balanced Scorecard example in QI Macros

Balanced Scorecard Table

Balanced Scorecard example in QI Macros

Themes

Balanced Scorecard Themes in QI Macros

Strategy Map

Balanced Scorecard Strategy Map in QI Macros

Scorecards and Dashboards

The QI Macros Balanced Scorecard includes a basic "heat map" style scorecard.

Balanced Scorecard Dashboard in QI Macros

The QI Macros also include control chart dashboards for tracking all of your KPIs:

The Balanced Scorecard is just one of the tools included in the QI Macros for Excel SPC Software for Excel.

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