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A Closed-Loop Strategy Execution System

Six Disciplines

Norton (creators of the Balanced Scorecard) 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 II. Set Goals That Lead ). Discipline III. Discipline IV. Work The Plan ).

System 98
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A Closed-Loop Strategy Execution System

Six Disciplines

Norton (creators of the Balanced Scorecard) 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 II. Set Goals That Lead ). Discipline III. Discipline IV. Work The Plan ).

System 85
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Why Is Executing Strategy So Difficult - And What Can Be Done About It

Six Disciplines

All contemporary methodologies for implementing strategy (Balanced Scorecard, Hoshin Planning, - and yes, Six Disciplines ) have the same five common elements: Focus on a few critical strategic goals. Assess initiatives against a screen of strategic effect and cost benefit. Execute programs that deliver the benefits.

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Four Facets of Measuring Change

Change Starts Here

It’s no coincidence that my transition to change practitioner included balanced scorecards to measure strategy execution. Examples include: revenue, profit, return on investment (ROI), cost savings, or product/service quality. When you start to consider how to measure change, it’s easy to get stuck. (If The change.

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Performance Measurement

Strategy Driven

Operating-cost productivity metrics might include the component costs for building an automobile or delivering a package, the rates of rework, and so forth. Cost structure metrics measure a company’s ability to manage its costs relative to competitors over three to five years.

ROIC 62
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Help Your Team Measure Customer Experience Data More Accurately

Harvard Business Review

The balanced scorecard was initially popularized in the early 1990s as a way for companies to look at varying aspects of the business, from customer satisfaction, to financial well-being to operational outcomes, all in one simple read-out. In some cases, a little data can be worse than having no data at all; it can invite hubris.

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Effective Meeting Models

CO2

Often companies rush this process because of the cost of retaining outside support and/or the cost of being away from the office. Monthly staff meetings are usually reserved for reviewing financial performance, balance scorecard objectives, and major actions that have been forecasted in the annual strategic planning meetings.