Blog Archives

Using Gap Analysis for Strategy Execution Review

Gap analysis for strategy execution

Use gap analysis for the regular review of your strategy execution process: compare reality vs. expectations and plan corrective actions. Introduction: concept origin, visual picture Gap analysis template Gap analysis best practices Example of the gap analysis Prerequisites: Have Your Strategy Map Ready In this article, we’ll talk about the

Read More…

Posted in Executive’s Toolkit

10 Advantages and 9 Disadvantages of the Balanced Scorecard Framework

Advantages and Disadvantages of the Balanced Scorecard Framework

Any business framework has its area of recommended application, its advantages and drawbacks. In this article, we’ll discuss where the Balanced Scorecard framework wins and where it’s not that intuitive. Quick navigation: Advantages | Disadvantages Balanced Scorecard Advantages Where the Balanced Scorecard Wins. I’m listing below some advantages of the

Read More…

Posted in Executive’s Toolkit

How to Focus Innovation Strategy with the Three Horizons Model

Three Horizons Model Diagram with 70-20-10 Rule Applied

Learn how to use McKinsey’s Three Horizons Model for top level planning of business growth and innovation. Before, we discussed strategy map as a framework for the articulation of the innovation strategy. What about other popular frameworks? They certainly help to organize high-level thoughts about innovations and formulate a bird’s-eye

Read More…

Posted in Executive’s Toolkit

Balanced Scorecard vs. KPI Software – What’s the Difference?

Balanced Scorecard vs KPI Software - What

This article helps to make it clear what an organization needs now – automation with KPI software or Balanced Scorecard tool. First Generation Balanced Scorecard is the Root Cause of Confusion An earlier version of the Balanced Scorecard framework was perceived as a pure measurement tool. The only tangible difference

Read More…

Posted in Executive’s Toolkit

Balanced Scorecard Software: Video Reviews of 8 Alternatives

Get an impression how the 8 Balanced Scorecard software tools feel like by watching official and user-made videos. Navigate Video Reviews BSC Designer Online ClearPoint Corporater KPI Fire OnStrategy QPR QuickScore StrategyKPI Balanced Scorecard Balanced Scorecard is a strategy execution framework. When compiling video reviews, we’ve tried to capture how

Read More…

Posted in Executive’s Toolkit

The History and Significance of Software

Punch card Fortran Uni Stuttgart (3)

Every time you use a computer, smartphone, video game console, or many other electronic devices, you’re using something that runs on software. Some software is very complicated, while other software is fairly straightforward and designed only to do a few different things. Either way, the software is actually the most

Read More…

Posted in Executive’s Toolkit

The Scientific Method – Hypotheses, Models, Theories, and Laws

The Scientific Method Blue

The scientific method is defined as the steps scientists follow to create a view of the world that is accurate, reliable, and consistent.  It’s also a way of minimizing how a scientist’s cultural and personal beliefs impact and influence their work.  It attempts to make a person’s perceptions and interpretations

Read More…

Posted in Executive’s Toolkit

OKR Framework for Goal Setting and Self-Appraisal

2 Must-Have Hacks for an OKR Framework

OKR is an excellent tool to setup tangible goals and appraise achieved results. The Objectives and Key Results (OKR) framework is becoming popular these days. It has been adopted by Intel, Google, LinkedIn and others. It is lightweight, transparent, and supposed to be less biased. Key results make the objectives

Read More…

Posted in Executive’s Toolkit

Mind Map vs. Strategy Map

Catch random ideas with mind map and present business goals with cause-and-effect logic on a strategy map.

Mind maps are an excellent technique used to outline and discuss various ideas. What about using mind maps for ideas about strategy? Is there a place for mind mapping when a strategy map is created? In this article, I’m going to share my experience, and I invite both strategy map

Read More…

Posted in Executive’s Toolkit

8 Ways to Get More Insights from Customer Surveys

8 Ways to Get More Insights from Customer Surveys

Customer satisfaction, employee engagement, and product quality – all can be measured using surveys. In this article, we discuss 8 ways a business professional can improve their survey techniques to get more business insights with less efforts. This article is also available in Spanish. Here are the topics that we’ll

Read More…

Posted in Executive’s Toolkit