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Course Project: Developing a Strategic Plan
Section 3: Balanced Scorecard
As you continue to develop your Course Project, it is important to consider how to evaluate the effects of your planned change on performance. Based on the work you have done thus far on your Course Project, this week you create a balanced scorecard.
Begin to create your balanced scorecard, which will be submitted next week
Section 3: Balanced Scorecard
Managers, like pilots, need instrumentation about many aspects of their environment and performance to monitor the journey toward excellent future outcomes.
—Robert S. Kaplan and David P. Norton, The Balanced Scorecard: Translating Strategy Into Action
As introduced in Week 8,continue to refine your balanced scorecard. (Refer to Week 8 for the preparatory instructions as necessary.) Your balanced scorecard is one tool you can use to evaluate the effects of your planned change on performance.
Section 4: Budgeting and Timeline Tools
As you have been examining this week, budgeting and timeline tools are vital for determining necessary resources and planning for a proposed change. For your Course Project, you use these types of tools to assess resources that may be required for the successful implementation of your strategic plan.
Note: Be sure to submit Section 3 of the Course Project to the “Project Part 1 – Week 9”submission link and Section 4 of the Course Project to the “Project Part 2 – Week 9” submission link. You will receive feedback from your Instructor for your work on Sections 3 and 4 of the Course Project. Be sure to incorporate that feedback and refine these sections prior to submitting a final version of your comprehensive Course Project in Week 11.
Marquis, B. L., & Huston, C. J. (2017). Leadership roles and management functions in nursing: Theory and application (9th ed.). Philadelphia, PA: Lippincott, Williams & Wilkins.
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