Digital Transformation Strategy – An Example with Strategy Map and KPIs

3 steps to implement digital transformation strategy

How to focus digital transformation (DX/DT) on what matters? Let’s review some examples of digital transformation strategies, possible performance metrics, and automation ideas beyond large spreadsheets. Key topics of the article: Transformation Starts with Strategy, not with Technology The Balanced Scorecard Framework for Digital Transformation Strategy Practical Implementation for a DX Strategy Examples + Possible … Read more

Strategy Meetings for Distributed Team

A three types of strategy sessions for distributed team

Practical example of how a distributed team can address new challenges with a combination of three strategy sessions: Discovery, Response, Review. Here are the key topics of the article: Strategy meeting for distributed team A template for strategy meeting Example of strategy meetings Software toolkit Executive summary Strategy Sessions for Distributed Team Any organization has … Read more

How to Make Data-Driven Decision

7 Steps of Data-Driven Decision

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

Support Strategic Choices with Prioritization Frameworks

Strategic Choices with Prioritization Frameworks - Prioritization Tools

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

COVID-19: Business Continuity Strategy Template + 6 Strategic Planning Best Practices

COVID 19 - a strategy map template for Coronavirus response strategy

The Coronavirus pandemic crisis is having a global impact. How will it affect your organization? What are the possible scenarios? How do you plan to respond? Use this template as a starting point for your business’ continuity strategy. COVID-19: Business Continuity Template Template: Explanatory Video 6 Strategic Planning Best Practices in the context of COVID-19 … Read more

KPIs for Corporate Governance Dashboard

Corporate Governance Dashboard with KPIs

Corporate governance is a set of rules and practices employed to control an organization and build a sustainable business. In this article, we’ll discuss the ways to quantify and measure the effectiveness of a typical corporate governance system with some performance indicators. Corporate Governance Structure A typical corporate governance structure[1] is formed by the board … Read more

KPIs for Remote Employees: Three Pillars of an Effective Distributed Team

Pillars of effective remote employee management

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

An Example of Using PESTEL Template for Strategic Planning

Five Steps of PESTEL Analysis

PESTEL framework is one of the popular strategy planning tools, it helps organizations to conduct an analysis of the external factors. In this article, we’ll show how a PESTEL template can be used to formulate strategic hypotheses and present them on a strategy map.  Here are the key topics of the article: Acronym and its variations … Read more

Example of Pareto Analysis for Strategy Scorecard

Pareto analysis template in BSC Designer

Use a template discussed in this article to conduct Pareto analysis for a strategy. Focus execution efforts on the strategic goals and performance indicators according to their absolute weight. Here are the key topics of the article: Introduction – Pareto analysis and strategy. Template – Pareto analysis on the Strategy Map Hard data – quantitative … Read more

Comparison of Strategic Planning Models and Frameworks

5 steps of strategic planning process from defining values, vision, and mission to describing strategy on strategy maps with business goals, KPIs, and initiatives.

There are a number of business frameworks that can be applied during the strategic planning process. Let’s analyse the differences between them, their advantages and application areas. Comparative Table of Strategic Planning Frameworks The table below shows where each framework contributes most to the strategic planning process. Strategic Planning Tool Step 1. Mission, Vision, Values … Read more