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A Six Sigma Balanced Scorecard is a model that summarizes an organization’s high-level strategic goals, initiatives designed to reach those goals, and metrics, or key performance indicators, that monitor success over time. It also shows how these metrics are connected to the mission, vision, and core values of the organization. It is a strategic planning tool used ubiquitously in organizational management that clearly and concisely communicates what the organization has set out to achieve and how it proposes to do it.
Description of Six Sigma Balanced Scorecard
Six Sigma Balanced Scorecards typically include four areas of strategic focus, including financial sustainability, customer experience, internal processes and structures, and workforce culture, learning, and development. Focusing on these four overarching components gives you a balanced perspective of your organization’s health. It also provides a methodology for breaking down a large-scale vision and strategy into categories and activities that become actionable and measurable. Balanced Scorecards are unique in that they help you visualize in a straightforward manner how an organization’s high-level strategy drives the day-to-day priorities and desired outcomes and the measure of your success along the way.
Praxie's Online Six Sigma Balanced Scorecard Tools & Templates
Specific tools used to create Six Sigma Balanced Scorecards typically include a one-page graphic or template that connects the organization’s mission, vision, values, strategic goals/priorities, initiatives, key performance indicators, and timeframes for implementation. Get started with our Six Sigma Balanced Scorecard template.
How to use it:
- For each dimension of the balanced scorecard, list your strategic goals.
- Write the initiatives that support the goals and the metrics that will be used to measure their success.
- Add the target metrics that you will ideally achieve.
- Create an action plan based on creating your Six Sigma Balanced Scorecard, gathering input, creating alignment with your team, and implementing the Balanced Scorecard itself.
Unlike most traditional Six Sigma Balanced Scorecard techniques, Praxie’s online Balanced Scorecard collaboration tools allow any team or organization to instantly begin working with our web templates and input forms. Our digital platform goes far beyond other software tools by including progress dashboards, data integration from existing documents or other SaaS software, elegant intuitive designs, and full access on any desktop or mobile device.