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
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 to get a sense of … Read more
As an experiment, we’ll describe the same strategy using the Hoshin Kanri and the Balanced Scorecard frameworks to see the advantages and the limitations of both business tools. Both Hoshin Kanri and the Balanced Scorecard are strategic planning frameworks. In this article, we’ll review the Hoshin Kanri framework briefly, and as an experiment will describe … Read more
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 in the form of a … Read more
Management by objectives (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. The core value behind management … Read more
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 toolbox of a top manager never … Read more