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Building Balanced Scorecard Teams
Executive Team•Gets the ball rolling•6-8 of most senior leaders in the company + CEO and CFO•Start by:
– Gathering/creating the company’s vision and mission statement– Outlining its values– Create a strategy map– Outline a vision statement for the balanced scorecard project.
•Attend workshops on balanced scorecards•Choose the Balanced Scorecard Steering team •Outline the strategic theme teams to be chosen•May also hire a consultant and/or project manager
Building Balanced Scorecard Teams
Balanced Scorecard Steering Team•8-10 members
– Team leader– Executive sponsor– Consultant (optional)– Project manager (optional but recommended)– Representative from each business unit– Technical advisor
•Appoint teams for each strategic theme •Consolidate each piece into a master plan•In charge of communication and project management •Instrumental in implementing the balanced scorecard and keeping its momentum going
Building Balanced Scorecard Teams
Strategic Teams•Includes:– An executive representative– A manager– Three to five team members, each with
knowledge of the theme area
•Will do the hands-on work•Turn their work over to the Balanced Scorecard Steering team