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 (Strengths, Weaknesses, Opportunities, and Threats) … Read more

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 application of gap analysis to … Read more

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 properly implemented K&N Balanced Scorecard … Read more

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 view on a company’s innovation … Read more

Balanced Scorecard and Strategic Planning Software: Video Reviews of 9 Alternatives

View Reviews of the Balanced Scorecard Tools

Get an impression how the 9 strategy planning software tools feel like by watching official and user-made videos. Navigate Video Reviews BSC Designer Online ClearPoint Corporater Envisio 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 different tools automate key … Read more

OKR Framework for Goal Setting and Self-Appraisal

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 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 and mind map practitioners to … Read more

Using Customer Survey Data for KPIs on a Scorecard

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

Spreadsheet vs. Specialized Scorecard Software

KPI scorecard in spreadsheets like Excel vs. KPI scorecard in specialized software: PROs and CONs

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) don’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