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
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
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
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
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
A potential client from a Spain-based manufacturing company reached out to me. He told me that he needs to come up with some better KPIs… But it appeared that the actual problem was their strategy. Let me share the key findings of that conversation. I’m sure you will be familiar with many of the challenges … 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