Download Balanced Scorecard Template Excel

If your organization is looking for more structure - whether it is a startup or an established company - it can only strengthen its position by refining strategy. With so many different management techniques and methodologies, deciding where to start can be overwhelming. However, the balanced scorecard is one management tool that provides a cohesive and focused strategy. And with so many companies worldwide already using the balanced scorecard, there is plenty of expertise available to help you get started.

This template is suitable for businesses that need a basic template to get started with the balanced scorecard concept. You can modify fonts and colors and add a logo to create your custom look. There is also room for your budget information.

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This balanced scorecard template offers a professional, easy-to-read layout in Microsoft Excel (you can hover over each cell for instructions). Enter your objectives, KPIs, targets, and initiatives in each of the four perspectives. There is also room to add budget information for your projects.

This template is suitable for scorecard presentations, which is helpful because many executive-level meetings require presentations in PowerPoint. You can add creative graphics for instructions, logos, and images, and crop, rotate, or use your scorecard as a graphic in itself. The scorecard is fillable, but you can easily turn it into a picture for your presentation needs.

What makes the balanced scorecard so successful is its adaptability: you can use it with a wide variety of programs, formats, and templates. Below are two different examples of what your BSC might look like. The first BSC incorporates a strategy map in the left portion, which outlines the main and lower-level objectives. This BSC also lists the objectives as well as the measures, targets, and initiatives in the traditional BSC format, and leaves room for budget calculations. The second BSC is a simple chart that does not incorporate any fancy graphics or cells.

Part of the benefit of having a scorecard is that you will design it yourself. You and your team design and implement the BSC so that it meets your unique business needs. Essentially, you are flushing out your business goals to determine the best and most realistic course to achieve them. You may then cascade those goals down through the structure of your business to maintain alignment. When using this management system, you should also perform a strategic mapping of your objectives. A strategy map gives your objectives cause-and-effect directionality. For more information on the balanced scorecard concept, see this BSC 101 guide.

In this guide and in companion articles, we discuss the theory of BSC in depth, and also tell you why and how you should build a BSC. However, there are some practices to avoid when developing and implementing your balanced scorecard. Do not:

Balanced scorecard templates are documents adaptable to different scenarios and audiences. They allow you to keep all information in one place and support seamless communication and collaboration between sectors and seniority levels.

If you add a custom comparison table to this template, you can compare current numbers with those of previous quarters with this balanced scorecard model. You can also put them up against industry benchmarks and your competitors. With all the information in one place, you and your team can always stay in the know and make wise financial decisions based on data.

Based on a well-known framework of the same name, the Business Model Canvas Template by ClickUp is a comprehensive business plan development tool. Whether to create a new one or document your existing business model, the balanced scorecard template makes your job easier by providing detailed guidelines.

With all this knowledge neatly organized in a single template, you can effectively plan and execute your business operations. Creating a clear roadmap for achieving your goals from the start in your balanced scorecard will ensure that your business takes off in the right direction and that you address the customer perspective at the same time.

Firstly enter your financial statements and targets in this section. In that way, you will be able to gain a perspective view of your financial performance on your balanced scorecard template.

Primarily, improving the internal processes of your company gains a perspective view of your efficiency and quality to deliver value proposition for the customers. In this section of the balanced scorecard template, simply enter your statements and targets.

More recently, and especially with the rapid adoption of Power BI dashboards and reports by so many teams within Microsoft, my own team started to use Power BI visuals connected to on-premises SQL Analysis Services tabular models via the Power BI On-Premise Gateway to present balanced scorecard views for executive reporting and strategic management. We started by working with the Power BI team to develop a custom visual, called Power KPI, which we decided to make available to the public for free in the AppSource store. Power KPI presents detailed historical trend data and target comparisons for a single KPI.

Beyond balanced scorecards, Kaplan and Norton have also focused on strategy map visuals, which are akin to flowcharts that tie together strategy with measurement. For those interested, the Visio visual (preview) custom visual offers a great option for lighting up strategy maps based on data.

Select a data source. The data source that you select must match the scorecard template that you selected. For example, if you select the Analysis Services template, then you must select an Analysis Services data source for your scorecard.

Select the KPIs. Depending on the template and the data source that you selected, you create or import the KPIs that you want to use for your scorecard. Then, you can configure each KPI by changing its name, banding method, and actual or target values.

Add measure filters (this is optional). Depending on the template and the data source that you selected, you might have the option to add measure filters and then add member columns. You use measure filters to restrict the information that you display in your scorecard. For example, suppose that you are creating a scorecard to show sales for some, but not all, geographical regions of an organization. You can use measure filters to select just the geographical regions that are of interest.

Finish configuring your scorecard. When you have completed the steps in the wizard for the scorecard template that you selected, the scorecard opens in the center pane of the workspace. There, you can further configure your scorecard. For example, you can add or remove members from the rows or columns. Or, you can modify your KPIs by changing their names, actual or target values, data sources, and indicator settings. For more detailed information, see Edit a scorecard by using Dashboard Designer on TechNet.

The balanced scorecard framework is an organizational system for strategic planning and management that provides senior leaders with an overview of day-to-day business operations, initiatives, and activities from four key perspectives:

Notice on the left-hand side of this balanced scorecard that there is a flowchart diagram that demonstrates the different strategic objectives this business has, with arrows between each to illustrate how the initiatives influence each other.

Depending on the size of your company, a quarterly review cadence may be appropriate. However, more agile startups might wish to step this up to monthly. In any case, agree upon a regular interval for reviewing the balanced scorecard and put some dates on the calendar.

Get a balanced presentation of both financial and operational measures. Define objectives, metrics, and target points. The Balanced Scorecard template offers concrete help to implement a performance management approach in successful organizations. e24fc04721