Strategic Planning: Who is Responsible and Who Needs to be Involved?

Understanding employee involvement in strategic planning and its effect on an organization’s strategy-related practices. They say that “strategy should be everyone’s job” – that’s true for strategy execution in general, but what about strategy development? Who is responsible? Who needs to be involved? What kind of involvement are we talking about? This article will help … Read more

How to Design Dashboards for Strategic Planning: Examples Included

Learn how to design performance dashboards to support decision-making, visualize trends, identify performance gaps, and ultimately address the engagement problem of strategic planning. Dashboard as a High-Level View of Strategy In strategic planning, we deal with numerous complexities – from the multitude of strategy and functional scorecards to hierarchical business goals, initiatives, risks, and the … Read more

Preparing Strategic Planning for AI

AI promises to be a major disruption over the next decade. The current state of AI technology is not yet reliable enough for mission-critical strategy tasks, but most organizations have seen enough of its potential to start planning for its future advances. Where is AI Trending? Apart from the algorithmic part, one of the key … Read more

Strategic Planning App: BSC Designer Experience for Smartphones

Learn how BSC Designer, a specialized strategic planning app, adapts to smartphone use cases for strategy presentation, dashboard view, and data input. Recent studies on devices used to access the Internet1 indicate that 60% of Internet usage accounts for mobile usage. It’s interesting to examine this data in the context of a specific application in … Read more

Implementing Business Continuity Management in Strategic Planning

Business Continuity Management (BCM) ensures that critical functions of an organization remain operational to minimize the impact of disruptions on stakeholders. Let’s explore the practical steps to implement Business Continuity Management within the context of strategic planning. An approach to business continuity management according to ISO 22301 involves: Identifying critical business elements Analyzing threats and … Read more

How to Automate Likert Scale in Evaluation Scorecards

In questionnaires, a qualitative Likert scale is used to measure the level of agreement of respondents with a statement, using several answer options. In the context of strategic planning, we incorporate Likert scale ratings into assessment scorecards. When using such rating scales, we are interested in: Calculating the total score according to the Likert scale. … Read more

Vendor Risk Management (VRM) Scorecard

Third-party vendor validation has become an integral part of cybersecurity, procurement, compliance, and supply chain strategies. Previously, we discussed general practices behind the evaluation scorecard; in this article, we will discuss the creation of a vendor evaluation scorecard, using vendor risk management as an example. We will demonstrate how to: Calculate the overall security score, … Read more

Procurement for Balanced Scorecard or Strategic Planning Software

As a vendor of BSC Designer, strategic planning software, we regularly receive Requests for Proposals (RFP) from procurement departments. In this article, I’d like to share some advice that would help companies with the choice of strategy planning software. I’ve structured the article to cover these topics: Class of the software: Balanced Scorecard vs. Strategic … Read more

SMART Goals in Strategic Planning

Follow the SMART criteria for a goal-setting exercise; the risky practice is to pack all the results into a single line of text and call it a “goal.” One of the common issues we identify on clients’ scorecards is with SMART goals. While this format is effective for task lists, it may not be suitable … Read more

Step-by-Step Guide to Creating an Evaluation Scorecard

Learn how to develop an assessment scorecard featuring weighted evaluation criteria and align it with other strategy scorecards. Use it for employee and team performance evaluations. Evaluation (or assessment) scorecards are widely used business tools in areas such as performance management, strategic planning, quality assurance, risk management, compliance monitoring (for example, for vendor evaluation), stakeholder … Read more