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

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

The Ansoff Matrix: 3 Steps to Create Business Growth Strategies + Example

Start with analysis of the trends, define diversification strategies, quantify and compare alternatives to find the most promising growth directions.  The content of the article: History of the Ansoff Matrix, its modern 2×2 and 3×3 extended versions Rationale and general principles of selecting business growth alternatives Three steps to plan growth strategy with the Ansoff … Read more

The Role of Stakeholders in Strategic Planning

A good strategy doesn’t not exist in the vacuum imagined by top management, it considers the needs of diverse stakeholders.  In this article, we’ll discuss: Part 1. Evolution from the shareholder to stakeholder theory Part 2. Stakeholders’ analysis and management in the field of strategic planning Part 3. Automating stakeholders with BSC Designer software Part … Read more

Adapting Strategic Planning to European Sustainability Reporting (ESRS and CSRD)

As a part of the EU Green Deal, new reporting standards and directives have been introduced. While the adoption is challenging due to the complexity of the new standards, in their core, new requirements focus on the best practices of strategic planning and reporting, such as mapping stakeholders, objectives, key activities, risks, tracking leading and … Read more

Practical Guide: Implementing Strategic Planning in Complex Environment

Any organization has its unique approach to strategy. With increasing complexity of challenges that we face today, many organizations find their existing approach insufficient and are looking for more effective ways to discuss and execute their strategies. In this article, we’ll discuss practical steps to adapt strategic planning to the environments defined by growing complexity, … Read more

Strategy Presentation in a Strategy on a Page Format

On a way towards digital transformation, start with digitalizing how your team presents and discusses strategy.   What comes to your mind when you hear “strategy presentation”? In most cases, the answer is “boring presentation slides.” You can do much better with a strategy map and specialized strategy planning software. In this article, we share some … Read more

How to Formulate a Cost Reduction Strategy with KPIs, Risks, and Priorities

Times of uncertainty and financial recession implies reducing costs. Let’s discuss how to do it in a disciplined way to minimize a negative impact on organization.   We are living in a period of uncertainty – disruptive changes and unpredictable events lead organizations to tighten their belts and focus on cost reduction. The easiest way … Read more

Decomposition of the Goals in Strategic Planning: Full Guide

Strategies fail because of vague and ambiguous goals. Learn how to break-down high-level strategies into specific, actionable sub-goals quantified by the value for stakeholders.  The Content: Introduction: strategy formulation challenges Strategy decomposition: general principles, preparation, decomposition by value Software automation: decomposition for users of BSC Designer Introduction: What is a Success Rate of Strategy Execution? … Read more