Results-Based Management vs. Balanced Scorecard for Strategy Implementation

Results-Based Management (RBM) framework follows disciplined performance measurement and highlights clear causality between implementation and results. Results-Based Management in the non-profit/governmental sectors is the counterpart of the Balanced Scorecard framework popular in the private sector. In this article, we’ll discuss: Background of the RBM framework; RBM’s implementation process; How the RBM framework compares to the … Read more

Why KPI-Centric Balanced Scorecard Fail

Many Balanced Scorecard implementations fail because they focus only on performance measurement. Learn why this is a dangerous pattern and how to shift to a strategy-first paradigm. Why Balanced Scorecard Implementations Fail The Balanced Scorecard is a popular strategy execution framework. Despite its popularity, why do so many Balanced Scorecard implementations fail? The answer is … Read more

How to Use AI in Strategic Planning: Application Cases with Examples

Discover AI application cases in strategic planning, including scenario planning, strategic analysis, and validating internal controls against new regulations. Responsible use of AI. With the variety of AI models and the ease of using them, organizations need to consider implementing a proper AI governance framework to ensure transparent and responsible use of AI. Where AI … Read more

An Example of Balanced Scorecard with KPIs for Facility Management

Facility management is a complex discipline that requires the coordinated efforts of multiple stakeholders. In this article, we discuss an example of using the Balanced Scorecard framework to document and execute a facility management strategy. Similar to cases in the construction industry, the adoption of the Balanced Scorecard framework in facility management was traditionally limited … Read more

How to Document Risks Effectively: Central Risk Register vs. Risk Aligned with Goals

In this case study, we compare two practical approaches to managing/documenting risks: The central risk register, which facilitates risk reporting and ensures risk visibility. The objective-centric risk definition, which enables risk alignment ‘by design’ and improves risk awareness in the context of objectives. We explore if and how these practices can be combined for better … Read more

AI Governance Scorecard: Monitor Risks and Performance of AI Implementation

The increasing pace of AI development raises discussions related to ethics, transparency, accountability, and compliance of AI. Use this scorecard template as a starting point to build a governance dashboard for AI. AI is a fast developing technology that, along with adding impressive functionality, generates new risks1 2 3. Besides cybersecurity risks, the regulatory landscape … Read more

How to Set Up and Monitor Internal Controls to Ensure Compliance

Best practices for setting up a framework of internal controls and their practical implementation with specialized software. The term “controls,” originally used in the GRC (Governance, Risk, Compliance) domain to describe mechanisms for managing risks and ensuring compliance, is now applied more broadly to strategic planning. In this article, we’ll share best practices for setting … Read more

5-Step System for Strategy Implementation: Supported by Balanced Scorecard Principles

A typical strategy is complex due to the increasing complexity of the business environment. Deploy strategy using the Balanced Scorecard principles with practical examples of implementation using specialized software. This approach makes it easier for the team to discuss, communicate, and execute their strategies effectively. Below, we’ll specifically discuss the deployment/implementation of existing strategies. If … Read more

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