Silo thinking is often named as one of the problems of effective strategy execution. Let’s analyze the case to find out what the real problem is and how to fix it. Organizations are divided into silos – Sales, Marketing, Customer Service, IT, R&D… This approach is natural when you need
Recently, I’ve announced an article about the Balanced Scorecard on LinkedIn, and I’ve got a comment that started intriguingly: “Forget about Balanced Scorecard, get into Hoshin Kanri…” I liked the discussion that followed and decided to give this business method a closer look. It is not a mainsteam, it is not as
Before we were talking a lot about the Balanced Scorecard. BSC’s strategy map needs a company’s strategic objectives as an input. The question is how are we supposed to get this input? How can one come up with a strategy? One of the business frameworks that promises to help with identifying actionable
These two buzzwords cause confusion among business professionals as they are used synonymously. From the first look, one might have an impression that “dashboard” and “scorecard” are interchangeable, but there are some important distinctions that I’d like to analyze in this article. I’m presenting the results of the comparative analysis
Management by objective (MBO) is a model that helps organizations improve their performance by clearly defining their objectives. The uniqueness of this model lays in the manner in which the corporate objectives are diligently communicated down into employee objectives, to ensure the entire organization is working towards the same goal.
7-S framework invented by Tom Peters is a simple yet powerful checklist in the toolkit of a top manager. Learn what it is and how to take advantage of its power by using initiatives and measures. At BSC Designer, we discussed some popular business frameworks like Balanced Scorecard or OKR.
The Kaizen Method Guide bring out all the aspects and features of Kaizen in full details, with the most comprehensive information. Inside: 31 page Kaizen Method Guide (Adobe PDF file) 30 slide Kaizen Method Presentation (PowerPoint .pptx, .ppt file) Inside Kaizen Method Guide 30 slide Kaizen Method Presentation (PowerPoint .pptx,
The need for the personal scorecard is promoted by known saying “What gets measured gets done.” People create their scorecards, divide their life into four, eight, or more sectors, and then expect for a miracle to happen. The next quarter/year they get back to their scorecards and see that: Some obvious
A great advantage of Balanced Scorecard is the possibility to use it in combination with other performance management systems and individual indicators. We have already written about Six sigma, Total Quality Management, Lean production and the way these systems can work with Balanced Scorecard. This article focuses on EVA (Economic Value Added) and Balanced Scorecard. We
Most of the business management systems have been developed during the industrial revolution, when manufacturers understood that business and production processes needed to be controlled, evaluated and improved. With the development of industry and the growth of business in general, the business management systems have evolved into business philosophies that
