DREMC Balanced Scorecard Training / Planning Workshop Presented by: Teresa Sampson

Development Goal Goal Explain DREMC’s vision for the balanced scorecard to employees. This training is necessary to engage employees in the creation of a company-wide balanced scorecard implementation and to promote a positive reception to this process.

Actions To do list… Share the link to the short video from Harvard Business Review on the Balanced Scorecard for an introduction. Share and discuss the mission statement that was created by the Balanced Scorecard Committee. Explain how the Balanced Scorecard will impact the organization and employees.

What is a balanced scorecard? Action Item #1: What is a balanced scorecard? ??? Share the link to this short video from Harvard Business Review for a quick overview of a balanced scorecard. Next Slide

Why do we need a balanced scorecard? Mission: Action Item #2: Why do we need a balanced scorecard? Mission: Why? “The DREMC Scorecard delivers a high-level visual indicator to communicate progress towards defined goals in a transparent way to build engagement with the Duck River team. The scorecard provides clarity to the organization so it can efficiently focus resources to achieve the objectives defined by the strategy map.” High level Visual Direction Communication Defined Goals Team Engagement Reveal

What Does Success Look Like for the Balanced Scorecard? Action Item #3: What Does Success Look Like for the Balanced Scorecard? Communication Up & Down * Achieve Goals * Timely Feedback * Establish Baseline Performance * Identify Trends * Accountability * Easy to Use * Intuitive * Easy to Maintain * Employee Satisfaction * Increased Morale * Increased Collaboration * Better Relationships * Promote Positive Change * Foster Experimentation * Focus on what is Controllable * Focus on High Impact Metrics * Provide Relative Importance of Metrics Success! Impact!

When??? Time Frame Action Item #1: January 3, 2017

Results