Executive’s Toolkit

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 application of gap analysis to … Read more

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 properly implemented K&N Balanced Scorecard … Read more

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 view on a company’s innovation … Read more

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 quantifiable and more tangible. Here … Read more

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 and mind map practitioners to … Read more

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. Here are the topics that we’ll discuss: What are the advantages and disadvantages of the surveys? What are … Read more

When a company wants to build and automate a business scorecard, it decides between good old Excel and specialized software. Spreadsheets (like MS Excel or Google Sheets) doesn’t require any long training and are normally installed on many computers; at the same time, professional scorecard software provides some attractive functions, but implies additional cost. The … Read more

When talking to prospective clients we often hear comments like: “I’m looking for a Balanced Scorecard software where I can assign a due date to my goal task, build a Gantt chart and add milestones…” It looks like there is some confusion between the solutions for the project management and strategy scorecards. One is not a … Read more

An organizational culture consists of the certain behavior patterns that exist in any company. Bad performance measurement practices demotivate a team and induce unproductive behaviors, while better behavior patterns help to involve the team and significantly improve the execution process. In this article we will talk about: What a good performance measurement culture is, and How to implement it in an … Read more