Cascading Strategy: 12 Examples Used to Align Strategy

These examples are neither best practices, nor recommendations to follow. Use them to better understand where your business is now in terms of a disciplined strategy execution approach and what can be improved. Balanced Scorecard Term In the majority of cases the declared goal of the scorecard project is more efficient and effective strategy execution. … Read more

Strategy Cascading: How-To Align Organization Across Common Goals

Good strategy implies the coherence between objectives and the way people interpret them on each level of the organization. In the business scorecards this coherence is achieved via the cascading process. In this article, I’d like to use some examples of cascading to summarize the best practices and typical pitfalls. What is Cascading? A top-level Balanced Scorecard cannot be used … Read more

Strategy Map: How-To Guide, PDF Template, and Examples

Build a solid base for discussion and execution of your organization’s strategy. Learn how to create a single-page strategy map following step-by-step guides and using examples. Part 1. Guides: How to Create a Strategy Map in 8 Steps + Infographic Typical Mistakes Part 2. Templates: Strategy Map PDF Template 10 Strategy Map Examples The term … Read more

Hoshin Kanri vs. Balanced Scorecard

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

What’s the Difference Between a Dashboard and a Balanced Scorecard?

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 and Balanced Scorecard

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