Templates
Finance
Balanced Scorecard Strategy Map Template

Balanced Scorecard Strategy Map Template

Enhance business performance with our Balanced Scorecard Strategy Map Template, a comprehensive tool for strategic planning and KPI management.
1
Identify your organization's mission and vision
2
Define strategic objectives
3
Identify key performance indicators (KPIs)
4
Design four perspectives: financial, customer, internal process, learning and growth
5
Leverage existing performance measures that support the strategic objectives
6
Develop target measures and performance thresholds for KPIs
7
Prioritize the KPIs based on their impact on strategic objectives
8
Approval: Prioritized KPIs
9
Align strategic objectives with KPIs
10
Map the causal relationships between KPIs
11
Identify initiatives to improve performance on KPIs
12
Assign ownership for each strategic objective and KPI
13
Define the time frame for achieving each strategic objective and KPI
14
Set budget for each initiative
15
Approval: Budget Set
16
Implement the strategy map in a balanced scorecard software
17
Communicate the balanced scorecard strategy map to all stakeholders
18
Monitor performance and update the strategy map as needed
19
Analyze the effectiveness of the strategy map in meeting strategic objectives
20
Review and amend the strategy map and the balanced scorecard periodically