An ability to hire and manage employees remotely is becoming a competitive advantage these days[1]. More highly qualified talents prefer to work remotely to achieve a better work-life balance. How do you find the right employees? How do you manage remote teams? What KPIs will help to track the performance? We’ll start the discussion … Read more
Learn how to use McKinsey’s Three Horizons Model for top level planning of business growth and innovation. Before, we discussed strategy map as a framework for the articulation of the innovation strategy. What about other popular frameworks? They certainly help to organize high-level thoughts about innovations and formulate a bird’s-eye view on a company’s innovation … Read more
Find the detailed analysis of the best KPIs for HR including hire, retention, and ROI metrics. Learn how to describe and execute talent strategy with HR Balanced Scorecard. Part 1. HR Hire KPIs Learn about the metrics used to focus the hiring process. Read more > Part 2. HR Retention Learn how to measure employee … Read more
An example of using Porter’s Five Forces for strategy definition. Comparison to other competitive analysis frameworks. Analyze competition in the context of five forces – direct competition, customer powers, supplier powers, new entrants, substitutes. The topics of the article: Porter’s Five Forces in Strategic Planning Five Forces Template + 3 steps to use it with … Read more
Learn how to measure leadership effectiveness with KPIs grouped into three perspectives – Strategy, Team, and Leader’s Growth. Key topics of the article: Definition of leadership Is Leadership Measurable? Framework to assess leadership effectiveness Perspective 1 – Strategy Perspective 2 – Team Perspective 3 – Growth Technical setup for KPIs Executive summary Definitions of Leadership … Read more
An example of a strategy scorecard with performance indicators that addresses the emerging trends of cybersecurity. Key topics of the article: Data Security Studies and terminology Why Cybersecurity KPIs? How to Measure Something that Has Not Happened Yet Frameworks for Data Security Strategy Financial Perspective Customer Perspective Internal Perspective Learning and Infrastructure Perspective Automation for … Read more
Let BSC Designer check the quality of your strategy map. The software will analyze your strategy map automatically and suggest some improvements. How to Get Quality Score Calculated To use the Strategy Quality Score, follow these steps: Sign into your account at BSC Designer Online or create a free one Create a scorecard with a … Read more
Diverse teams with engaged talents are more innovative, understand customer needs better, and drive financial results. Let’s discuss how to combine various ideas about diversity and inclusion into a coherent strategy. Key topics of the article: The definitions: diversity and inclusion Four reasons why diversity and inclusion is important D&I strategy scorecard with KPIs: Financial … Read more
Making a decision implies several steps, from analysis of the situation to formulating an action plan. Let’s see how a data-driven decision is different from just making things happen. Key topics of the article: Why do we need data-driven decisions? Key features of data-driven decisions Alternatives: KPI-driven management, Big Data Example: data-driven decisions vs. no-data … Read more
Review of the prioritization frameworks that help to make data-driven strategic choices by defining a priorities model and calculating priority score. In strategic planning, prioritization starts with defining the high-level strategic themes that work as pillars for the rest of the strategy. What about making choices on lower levels? After using the strategic themes as … Read more