Understand the principles of Lean and its role in achieving efficiency and cost reduction. Be able to identify and eliminate waste in their processes using Lean tools. Develop skills in creating value stream maps and implementing Kaizen initiatives. Learn how to apply Lean tools such as 5S, Standard Work, and JIT for operational improvement. Gain insight into the importance of Lean culture and leadership in sustaining transformation. Build a roadmap for Lean transformation tailored to their organizational needs.
Lecture
Simulations
Group Discussion
Instructions
Activities
Fundamentals of Balanced Scorecard
Overview of Balanced Scorecard
Case Studies and Industry Examples
Experience the process of creating and applying a Balanced Scorecard.
Activities:
Simulation: Participants use a simulation tool or case study to create a Balanced Scorecard for a fictional company.
Collaboration: Groups discuss how to align KPIs with the four perspectives of the Balanced Scorecard (Financial, Customer, Internal Processes, Learning and Growth).
Introduction to Key Performance Indicators
Aligning KPIs with Balanced Scorecard Perspectives
Activities:
Mapping: Participants receive a set of strategic objectives and work to map relevant KPIs to each objective.
Analysis: Groups analyze how well their KPIs align with the objectives and suggest improvements.
Workshop: Creating KPIs
Participants are divided into groups and tasked with brainstorming KPIs for specific business areas (e.g., sales, marketing, operations).
Prioritization: Each group prioritizes their KPIs based on relevance and impact.
Presentation: Groups present their KPIs and receive feedback from peers and facilitators.
Wrap-Up and Q&A
Developing a Balanced Scorecard Strategy
Change Management and Communication
Monitoring and Reporting KPIs
Balanced Scorecard Review and Adjustment
Balanced Scorecard Review and Adjustment
Activities:
Role Play: Participants role-play as managers and employees discussing performance based on KPIs and Balanced Scorecard results.
Feedback: Peers provide constructive feedback on the performance review discussions.
Reflection: Groups reflect on the effectiveness of communication and goal setting during the simulation.
Leadership and Change Management
Practical Exercise, Final Q&A, and Wrap-Up