Blog Archives

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

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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

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SWOT+S Framework

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

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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

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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

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How to Focus Innovation Strategy with the Three Horizons Model

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

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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

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Balanced Scorecard Software: Video Reviews of 8 Alternatives

View Reviews of the Balanced Scorecard Tools

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

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The History and Significance of Software

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

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

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

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