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strategic
/ business planning and organisational change including the balanced
scorecard and measurement systems
Leaders
in all organisations are today talking about taking their organisation
to 'the next level'. This involves the development of strategy
and the management of change. It involves identifying the unique
and sustainable ways by which the organisation creates value.
It is about specifying direction and determining priorities.
Yet
it is more than simply defining vision/mission/values. "The
emphasis placed on strategy and vision creates a mistaken belief
that the right strategy is all that is needed to succeed" (Kaplan
and Norton).
It
is more about translating the strategy into action - this
is the critical step. Research on CEO failure
found that, "in the majority of cases (estimate of 70%) the
real problem isn't bad strategy but bad execution". "Strategies
most often fail because they aren't executed well" (Bossidy and
Charan).
Today's
successful organisations are using the framework of The Balanced
Scorecard (BSC) to turn strategy into action. The BSC provides
for an integrated strategic management process that:
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translates
strategy into operational objectives |
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ensures
alignment and linkage of objectives, measures and initiatives,
and |
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enhances
the understanding of the strategy to all employees |
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Join
Philmac, Qantas-link, Lockwood, Sunrice, the Construction Industry
Training Board, Pilkington, parts of Mobil and many others
as KRG partners
you on your journey of change and business improvement.
The
Balanced Scorecard (overview)
The
Balanced Scorecard (graphic)
The
Strategy Map
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