Learn how to track and improve the effectiveness of project management with KPIs. Use performance metrics to demonstrate the value of the project to the stakeholders. Key topics of the article: “Projects” and “Initiatives” – what’s the difference? Project management: why measure, and who are the stakeholders? KPIs for project management: Scope, Cost, Time, Risk, … Read more
What procurement KPIs should the board of directors monitor? What metrics should be on the dashboard of the procurement department to measure and improve their performance? Part 1. Introduction to procurement Stakeholders Process Fiver “rights” Challenges Part 2. Strategy scorecard for procurement Financial KPIs and ROI Metrics for internal customers KPIs for procurement process Skills … Read more
The Coronavirus pandemic crisis is having a global impact. How will it affect your organization? What are the possible scenarios? How do you plan to respond? Use this template as a starting point for your business’ continuity strategy. COVID-19: COVID-19 Response Strategy Template Template: Explanatory Video 6 Strategic Planning Best Practices in the context of … Read more
Corporate governance is a set of rules and practices employed to control an organization and build a sustainable business. In this article, we’ll discuss the ways to quantify and measure the effectiveness of a typical corporate governance system with some performance indicators. Corporate Governance Structure A typical corporate governance structure1 is formed by the board … Read more
An ability to hire and manage employees remotely is becoming a competitive advantage these days1. More highly qualified talents prefer to work remotely to achieve a better work-life balance. How do you find the right employees? How do you manage remote teams? What KPIs will help to track the performance? We’ll start the discussion … Read more
PESTEL framework is one of the popular strategy planning tools, it helps organizations to conduct an analysis of the external factors. In this article, we’ll show how a PESTEL template can be used to formulate strategic hypotheses and present them on a strategy map. Here are the key topics of the article: Acronym and its variations … Read more
Use a template discussed in this article to conduct Pareto analysis for a strategy. Focus execution efforts on the strategic goals and performance indicators according to their absolute weight. Here are the key topics of the article: Introduction – Pareto analysis and strategy. Template – Pareto analysis on the Strategy Map Hard data – quantitative … Read more
There are a number of business frameworks that can be applied during the strategic planning process. Let’s analyse the differences between them, their advantages and application areas. Key topics of the article: Understanding Strategic Planning First Principles Thinking about Business Frameworks Strategy Execution Frameworks Strategy Formulation and Description Frameworks Strategy Planning Software Strategy Execution and … Read more
How to create a Balanced Scorecard? How to find the best performance indicators? What is the best approach to strategy cascading? Join our free strategic planning course to get started with a disciplined approach to strategy. Free Strategic Planning Course Free online course 6 video lessons Practical challenges What will I learn? During the training … Read more
The main focus area of VRIO analysis is the internal resources and capabilities of an organisation. Learn what VRIO analysis is and how to use its results during strategic planning sessions. Introduction to VRIO Practical comments on VRIO Steps to apply VRIO for strategic planning Example of VRIO for users of BSC Designer The Role … Read more