Press release from Business Wire India
Source: Breakthrough Management Group International (BMGI)
Wednesday, May 16, 2012 01:49 PM IST (08:19 AM GMT)
Editors: General: Consumer interest; Business: Accounting & management consultancy services, Advertising, PR & marketing, Business services, Major diversified industrial groups
Breakthrough Management Group International (BMGI) announces 1-day “Balanced Scorecard” – Strategy Execution Workshop on June 8, 2012 at Hotel Sofitel, Mumbai
The workshop is aimed at C-suite of executives; Functional & SBU Heads with the primary objective of addressing how to build a strategy focused organization, identifying levers for achieving long-term goals and hence achieve the Organizational Vision and linking strategy to individual performance.
Mumbai, Maharashtra, India, Wednesday, May 16, 2012 — (Business Wire India) — Global Management Consulting firm, BMGI has scheduled a 1 day workshop on the Balanced Scorecard in Mumbai. Research shows that 9 out of 10 companies* fail to execute strategy successfully. Behind this lies an undeniable fact: many companies continue to use management processes that are financially driven & tactical – that were designed to run yesterday’s organisation and not drivers of performance.
Co-authored by Harvard faculty Dr. Robert S. Kaplan and Dr. David P. Norton, the Balanced Scorecard (BSC) is an innovative yet practical management philosophy that provides organisations with such a framework.
The Balanced Scorecard provides a framework to describe a strategy by linking intangible (cycle time, market share, innovation, satisfaction & competencies) & tangible assets (financials) in value-creating activities. The Balanced Scorecard approach not only retains measures of financial performance but also supplements them with measures on the drivers, lead indicators, of future financial performance with an emphasis on ‘measuring the strategy’. By linking measures directly to strategic initiatives, the organisation stays focused and is able to move towards long-term goals.
Participants can expect to get practical advice on the preparation & implementation of a Balanced Scorecard for their respective organisations. They shall walk away with a transformational approach to managing corporate performance, implement strategy & drive growth.
Key topics to be covered at the workshop include a) Introduction to Balanced Scorecard: Becoming a Strategy Focused Organisation, b) Balanced Scorecard – The four perspectives: Cause & Effect relationships, c) Deployment of strategies through the Balanced Scorecard: Strategic themes/ objectives & initiatives, d) Introduction to Strategic Metrics: Lead & Lag Measures, e) Defining the Balanced Scorecard – making strategy everyone’s job: Approach. Implementation structure & issues. Review and mechanism to sustain effort.
Commenting on this development, Mr.Naresh T Raisinghani, CEO of BMGI stated “Organisations are becoming acutely aware that strategy, if it needs to be implemented, requires also the team outside the boardroom to be aligned.”
BMGI has conducted several such strategy led workshops in the past across India & its workshops have met with success & elicited positive feedback from the Industry captains.
Breakthrough Management Group International (BMGI), a global consulting firm with a strong focus on delivering results, partners with organizations in various stages of their business life cycle to transform their business performance.
BMGI is recognized as the world leader in harnessing the power of cutting edge techniques in the area of Innovation, Strategy, Problem Solving and Business Transformation for achieving tangible business results. BMGI enables businesses drive growth and improve profitability.
BMGI is headquartered in Longmont, Colorado, US and has presence across the globe. In India, BMGI is located in the Central Business District of Nariman Point, Mumbai. BMGI clients are leading Fortune 1000 Global companies and leading Indian companies from diverse industries.
*Fortune magazine survey
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Mr.Shrinivas Shikaripurkar,Senior Consultant, Breakthrough Management Group International (BMGI), +91 (22) 4002 0045/46/+91 9004481549, shrinivass@BMGIndia.com
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