This site uses cookies to improve your experience. To help us insure we adhere to various privacy regulations, please select your country/region of residence. If you do not select a country, we will assume you are from the United States. Select your Cookie Settings or view our Privacy Policy and Terms of Use.
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Used for the proper function of the website
Used for monitoring website traffic and interactions
Cookie Settings
Cookies and similar technologies are used on this website for proper function of the website, for tracking performance analytics and for marketing purposes. We and some of our third-party providers may use cookie data for various purposes. Please review the cookie settings below and choose your preference.
Strictly Necessary: Used for the proper function of the website
Performance/Analytics: Used for monitoring website traffic and interactions
A while back, Quality Digest published an article on Building a BalancedScorecard. The balancedscorecard, one of the most significant management philosophies of the last quarter-century, confronts that stratagem head-on with a simple core concept: Stop trying to manage your organization by financial measures alone.
SWOT Analysis: A strategic planning tool that helps executives assess an organization's Strengths, Weaknesses, Opportunities, and Threats to make informed decisions. Here are ten top C-level business tools I’ve used successfully, along with short summaries of each (with links!):
Norton (creators of the BalancedScorecard) offer their insights concerning the "rules" of successful strategy execution: The failure to balance the tensions between strategy and operations (execution) is pervasive. Kaplan and Dr. David P. Discipline I. Decide What's Important ). Discipline II. Set Goals That Lead ).
Norton (creators of the BalancedScorecard) offer their insights concerning the "rules" of successful strategy execution: The failure to balance the tensions between strategy and operations (execution) is pervasive. Kaplan and Dr. David P. Discipline I. Decide What's Important ). Discipline II. Set Goals That Lead ).
Review all Key Performance Indicators (KPI) and select the top eight Choose two from each of the four BalancedScorecard categories. Use SWOT analysis of the data you collected in Step 2 to guide you. Look at the diagram and decide which one is right for you (based upon your products and services, and your culture).
Monthly staff meetings are usually reserved for reviewing financial performance, balancescorecard objectives, and major actions that have been forecasted in the annual strategic planning meetings. Monthly Staff Meetings. It’s an opportunity to assess what is working and what isn’t.
We organize all of the trending information in your field so you don't have to. Join 5,000+ users and stay up to date on the latest articles your peers are reading.
You know about us, now we want to get to know you!
Let's personalize your content
Let's get even more personalized
We recognize your account from another site in our network, please click 'Send Email' below to continue with verifying your account and setting a password.
Let's personalize your content