Blog Archives

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

Read More…

Posted in Executive’s Toolkit

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

Read More…

Posted in Executive’s Toolkit

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

Read More…

Posted in Executive’s Toolkit

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]

Read More…

Posted in Executive’s Toolkit

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?

Read More…

Posted in Executive’s Toolkit

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

Read More…

Posted in Executive’s Toolkit

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

Read More…

Posted in Executive’s Toolkit

Comparison of Strategic Planning Models and Frameworks

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

Read More…

Posted in Executive’s Toolkit

VRIO Analysis Framework for Strategic Planning

Using VRIO for strategic planning

The main focus area of VRIO analysis is the internal resources and capabilities of an organisation. Learn what VRIO analysis is and how to use its results during strategic planning sessions. Introduction to VRIO Practical comments on VRIO Steps to apply VRIO for strategic planning Example of VRIO for users

Read More…

Posted in Executive’s Toolkit

SWOT+S Framework: Better Strategy Formulation

SWOT diagram: match or convert

Upgrade the classical SWOT framework with “S” – strategy component. Generate business insights and map them directly on the strategy map. Navigation: Classical SWOT SWOT+S: SWOT+Strategy SWOT+S: Use Example + Template Explanatory Video SWOT: Advantages and Disadvantages What is SWOT? SWOT analysis doesn’t require any introduction – the classical four

Read More…

Posted in Executive’s Toolkit