Are you looking for a smart way to visualize your business strategy? Download this business balanced scorecard strategy Excel template now!
We provide a balanced scorecard template in Excel with 18 pages, in order to visualize the strategy you are going to follow with your company. This Excel BSC Strategy Mapping template will impress your audience and will professionalize your way of communication towards stakeholders.
How to create the perfect Balanced Scorecard map for your organization in Excel?
- During a brainstorm session, each person involved will prepare separate post-it notes regarding the Financial, Internal processes, Learning (and growth) & Customer spectrum.
- This Excel Business Balanced Scorecard Strategy Map will be filled with all notes of all participants. Each person describes how the organization can create value by linking strategic objectives in a cause and effect relationship.
- Key is to link the 4 ‘scorecards’ of the spectrum with the Strategic Objectives.
- These ‘Scorecards’ will include metrics, targets for the metrics and strategic initiatives to drive performance towards achieving the objectives.
This Balanced Scorecard spreadsheet summarizes all of the critical
components of your business. This spreadsheet can be modified to report a comparison of actual results against targets. A final column is added to summarize budgets for each program.
Stage 1 Implementation (6 to 12 months):
After creating the balanced scorecard. You need to develop a change management plan. Then communicate and educate the workforce, and operationalize the balanced scorecard for roll-out.
Stage 2 Implementation (12 to 24 months):
Then, cascade the balanced scorecard to other business units. Start the first tests if the scorecard is implemented well, adjust, revise and adapt to the business unit until it's done. Then implement a strategic change plan to transform the organization. Again, create a more formal reporting process for the Balanced Scorecard. Start to link budgets to the strategic programs. And then link part of employee compensation to scorecard results. Finally, cascade the scorecard team and personal objectives.
Using our Excel Balanced Scorecard Templates strategy template, which guarantees you will save time, cost and efforts!
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