Balanced Scorecard for Strategy Execution
Why do companies with a well thought through strategic roadmap not reach their destination? "Corporate strategies are intellectually simple; their execution is not. The question is, can you execute? That’s what differentiates one company from another."
"Many organizations spend a significant amount of effort and money creating lofty roadmaps for success that, more often than not, do not lead them to their intended destinations. The reason companies lose their way is not because they are unable to craft a good strategic roadmap; it is because they don’t have the mechanism in place to keep their cars on the road. Tools like the balanced scorecard help organizations effectively clarify their strategy in a holistic manner, communicate the strategy to all stakeholders, align all departments behind the strategy, and measure strategic performance. Without connecting the scorecard’s road map for success to the management processes that steer the business, true value creation will remain elusive. Integration of these critical management processes enables companies to effectively execute strategy and to reach their intended destinations. And, to paraphrase Robert Frost, that can make all the difference."
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An excellent presentation on using Balanced Scorecard for Performance Management. This presentation describes a balanced scorecard based approach to information security or information risk management. This paper presents a validated measurement framework and model for assessing enterprise systems success. This case study details business and IT alignment using the Balanced Scorecard (BSC) at a financial services firm. This case study discusses aligning information technology (IT/ICT) strategy with business strategy using the Balanced Scorecard, at a multinational pharmaceutical company. I scream, you scream, we all scream for Balanced Scorecard! Have you convinced your “financial types” on it? What do they think about the Balanced Scorecard? This primer on the Balanced Scorecard has been prepared by a controller for his peers. Rea... This presentation provides a quick introduction to balanced scorecard. An soup to nuts overview of the Balanced Scorecard technique This case study shows how Canadian Blood Services uses the Balanced Scorecard to create its corporate strategy and transform its "business". This presentation discusses the use of the balanced scorecard framework (BSC) to develop a strategic plan for a healthcare organization This case study shows how Infosys uses the Balanced Scorecard to create its corporate strategy and monitor business results. This case study presents the results of using the balanced scorecard (BSC) framework for strategy formulation and implementation at the Osceola County government Why do companies with a well thought through strategic roadmap not reach their destination? "Corporate strategies are intellectually simple; their execution is not. The question is, can you execute? That’s what differentiates one company from anoth... This in-depth primer on the balanced scorecard provides a soup-to-nuts introduction and overview of the framework. A sample strategy map from a Higher Education Institution.
This excel spreadsheet has all the essential balanced scorecard templates organized and menu driven using a strategy map and provides excellent diagraming and reporting capabilities built-in. This balanced scorecard template set can be adapted for yo... This Balanced Scorecard Toolkit package comprises of 20 documents - a complete set to help you implement the Balanced Scorecard in your organization. This survey provides insights into the use and results of the balanced scorecard as a performance management tool. This paper examines the “cause and effect” principle of the Balanced Scorecard in depth and argues that BSC is a practical framework i.e. cause and effect and Strategy Maps rule. Good Discussion. Balanced Scorecard: Sample Cascading Matrix. Balanced Scorecard: Strategy Map Sample - Regional Airline. This chapter presents the use of Balanced Scorecard to align IT with business. Excellent case study on the use of Balanced Scorecard in a real life situation. Good Read! This paper compares and contrasts two of the most widely adopted Performance Management (PM) frameworks – Balanced Scorecard and Results-Based Management. This presentation provides an overview of the process to create a balanced scorecard (BSC) Using balanced scorecard? This article provides a good overview of the performance measurement system. Is IT Value compromised because of the strained relationship between business and IT? How can the CIO overcome this challenge? This paper describes the changes to the Balanced Scorecard framework over the past couple of decades. This article describes a tool/framework to measure and address business it alignment. This presentation provides an excellent introduction to the Balanced Scorecard Framework (BSC). This presentation discusses performance assessment to determine and plug the it delivery gap i.e. the promise of strategy not being fulfilled by execution. This paper explores the connection between IT value and IT Balanced Scorecard/IT Strategy Maps. It describes patterns of IT value i.e. ways in which IT creates/enables value, connects IT value with cascaded and linked strategic objectives and discu... This paper extends the DeLone and McLean framework to define and measure software project success, software project management success, and software project product success. Last week, we discussed the cost dimension of IT Value. This week, we will discuss the time to market dimension.
An introduction to using balanced scorecard for performance management. Can strategy maps be used to assess the value of R&D initiatives? Read On... Balanced scorecard (BSC) strategy map sample for a hotel Sample Strategy Maps (Balanced Scorecard) A few Sample Strategy Maps (Balanced Scorecard) that you can use to create one for your organization. An excellent overview to Strategy Maps from its creators. An excellent - and surprisingly in-depth - introduction to the balanced scorecard. What is it? What are its essential elements? What is a strategy map? How do you build a strategy map? How do you implement a performance based contract? How do you tr... This paper asserts that the Balanced Scorecard can be used to support two distinct management activities – management control and strategic control – and that planned use should influence the Balanced Scorecard design adopted. The paper describes ch... This presentation provides good guidance on using Balanced Scorecard from strategy to execution - driving high performance teams to envision, create and deliver value. This presentation covers the basics of balanced scorecard technique and provides pointers on using it to create IT Strategy - touching the critical topic of IT Governance along the way.
This presentation provides an in-depth tutorial on the Balanced Scorecard (BSC) This presentation discusses the step by step development of a balanced scorecard to create an organizational wellness and development model. This survey of the C-Suite explores the root causes of strategy execution gap. A good discussion for the CIO to follow!
This article explores some of the reasons that might explain why so many companies struggle to achieve their strategic vision. It concludes that for many the answer lies in the quality of the strategic management processes used.
Posted on 02/14/2011 by