Learn how to facilitate definition of the goals for a strategy map with the Strategic Change Agenda framework. Background Strategic Change Agenda is one of the frameworks1 for strategy formulation. In the context of strategic planning, the change agenda tool was mentioned in “The Execution Premium”2 as a tool that “explains the need for the … Read more
Scenario planning helps organizations increase business resilience and prepare for future challenges. Learn how to formulate different types of scenarios and align them with overall strategy. Key topics of the article: What is Scenario Planning? The Role in Strategic Planning and Risk Management Could We Be Better Prepared for Covid-19 with Scenario Planning? The Steps … Read more
How to focus digital transformation (DX/DT) on what matters? Let’s review some examples of digital transformation strategies, possible performance metrics, and automation ideas beyond large spreadsheets. Key topics of the article: Transformation Starts with Strategy, not with Technology The Balanced Scorecard Framework for Digital Transformation Strategy Practical Implementation for a DX Strategy Examples + Possible … Read more
SAP provides their users with SAP Hana, an excellent tool to connect on premises and online SAP solutions. Users of BSC Designer can now power their KPIs accessing a database available in SAP Hana. Find below the steps to setup an SQL indicator for this case. 1. Select SAP Hana database instance, click on Actions … Read more
Practical example of how a distributed team can address new challenges with a combination of three strategy sessions: Discovery, Response, Review. Here are the key topics of the article: Strategy meeting for distributed team A template for strategy meeting Example of strategy meetings Software toolkit Executive summary Strategy Sessions for Distributed Team Any organization has … Read more
An example of using Porter’s Five Forces for strategy definition. Comparison to other competitive analysis frameworks. Analyze competition in the context of five forces – direct competition, customer powers, supplier powers, new entrants, substitutes. The topics of the article: Porter’s Five Forces in Strategic Planning Five Forces Template + 3 steps to use it with … Read more
An example of a strategy scorecard with performance indicators that addresses the emerging trends of cybersecurity. Key topics of the article: Data Security Studies and terminology Why Cybersecurity KPIs? How to Measure Something that Has Not Happened Yet Frameworks for Data Security Strategy Financial Perspective Customer Perspective Internal Perspective Learning and Infrastructure Perspective Automation for … Read more
Diverse teams with engaged talents are more innovative, understand customer needs better, and drive financial results. Let’s discuss how to combine various ideas about diversity and inclusion into a coherent strategy. Key topics of the article: The definitions: diversity and inclusion Four reasons why diversity and inclusion is important D&I strategy scorecard with KPIs: Financial … Read more
Making a decision implies several steps, from analysis of the situation to formulating an action plan. Let’s see how a data-driven decision is different from just making things happen. Key topics of the article: Why do we need data-driven decisions? Key features of data-driven decisions Alternatives: KPI-driven management, Big Data Example: data-driven decisions vs. no-data … Read more
Review of the prioritization frameworks that help to make data-driven strategic choices by defining a priorities model and calculating priority score. In strategic planning, prioritization starts with defining the high-level strategic themes that work as pillars for the rest of the strategy. What about making choices on lower levels? After using the strategic themes as … Read more