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 focus their procurement and implementation efforts. I’ve structured the article to cover these topics: Class of the software: Balanced Scorecard vs. Strategic Planning … 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

OGSM Framework: Practical Application in Strategic Planning

Practical application of the minimalistic OGSM framework for designing functional and strategy scorecards by setting goals and performance measures. Decomposition Method As explained in the Comparison of Strategic Planning Frameworks, each business tool suggests its approach to breaking down complex challenges into specific tangible parts. In the case of OGSM, the framework recommends focusing on … Read more

Blue Ocean Strategy: Practical Implementation in Strategic Planning

Examine growth opportunities within the competitive landscape, defined by four perspectives. Learn how to integrate Blue Ocean analysis into strategic planning. The Role in the Strategic Planning Ecosystem In 2004, the Blue Ocean Strategy was introduced in a Harvard Business Review article, offering a fresh perspective on markets without direct competition, shaped by the outcomes … Read more

Compliance Management: Implementation Guide and KPI Template

Effective compliance goes beyond educating employees about new regulations and tracking the number of non-compliance incidents. In this implementation guide, we focus on a holistic view of compliance that involves key stakeholders and suggests specific quantification of the compliance efforts and results through 7 steps. Stakeholders Definition Let’s start with the definition of generic stakeholders … Read more