Measuring the stuff we do, and achieve, in business is critically important – performance data and results information give us necessary insight into what’s going on inside AND outside of our organization. Many organizations invest heavily in measurement so it’s important to be sure that that time and effort is spent gathering the right information. […]
If you are like most organizations, you have a strategic plan that’s filled to the brim with tasks, initiatives, and deliverables all slated to be completed over the planning period (usually three years). I recently saw a strategic plan with the usual 5 strategic directions supported by, on average, 9 actions, initiatives, or projects each. […]
Is strategy management (i.e. strategy creation, implementation, measurement, and improvement) a core competency for your organization? If not, it’s time to think about bringing this critical capability in-house. When I refer to strategy management I mean that every organization, from a start-up to a Fortune 500 enterprise to a non-profit organization, should have their business […]
An old saying states that “time is money” and it still applies today. Most people take this sage advice as a reminder to be efficient in their work – that is, the longer you take to do something, the greater the amount of money you spend/waste accomplishing it. However, in these days of rapid change, […]
This short video clip of best-selling author and Harvard professor Cynthia Montgomery really clarifies the essential ingredients for strategy success – meaningful choice and making everyone in your organization part of your strategy!
Let’s agree on one thing. Business is complicated. It doesn’t matter what business or sector your organization is in – there are lots of things going on inside and out that have to come together in just the right way for your organization and people to produce great results. However, business complexity shouldn’t cause organizations […]
Recently, I’ve noticed a flurry of discussion and debate about the Balanced Scorecard (BSC) versus OKR’s. While some are promoting the idea that the BSC and OKR’s are virtually interchangeable (personally, I’m not convinced that this is really the case but I’ll write more in a future post), others seem to suggest that OKR’s offer […]
You may have heard of this term before. In fact, you may even have seen some dialogue in BSC and strategy management forums debating whether we should shift from a “cascading” concept. So, as we usually must when it comes to strategy management concepts, let’s define what we mean by “strategy cascading”. When I use […]
In a previous blog post I revealed the five essential elements that must be firing on all cylinders if your organization is going to achieve strategy execution success. Here’s a quick reminder of all the elements and how they work together: The critical ingredient and most often forgotten element in achieving strategy execution success is […]
In my last blog post I introduced the most essential ingredient for strategy execution success: Strategy Mastery. Here’s a quick reminder of what Strategy Mastery is and what it looks like in action: Strategy Mastery Every employee in your organization must be a Strategy Master. That is, they need to know what your strategy story is […]