Remove Balanced Scorecard Remove Development Remove Execution Remove Innovation
article thumbnail

The Disconnect Between Strategy And Execution

Six Disciplines

While all of us agree there's a disconnect between strategy formulation and strategy execution, the developers of the Balanced Scorecard (Robert Kaplan and David Norton) offer up this terrifying observation: On average, 95% of a company's employees are unaware of, or do not understand, its strategy. Find out more today.

article thumbnail

A Closed-Loop Strategy Execution System

Six Disciplines

In their 2008 book "The Execution Premium: Linking Strategy to Operations for Competitive Advantage" (Harvard Business School Press), Harvard professors Dr. Robert S. That statement is then translated into specific objectives and initiatives, using other tools and processes, including strategy maps and balanced scorecards.

System 98
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

A Closed-Loop Strategy Execution System

Six Disciplines

In their 2008 book "The Execution Premium: Linking Strategy to Operations for Competitive Advantage" (Harvard Business School Press), Harvard professors Dr. Robert S. That statement is then translated into specific objectives and initiatives, using other tools and processes, including strategy maps and balanced scorecards.

System 85
article thumbnail

Salty to Sweet: The Transformation of Mount Franklin Foods

Change Starts Here

Dubbed the Transformation Team, the group of 35 managers would be responsible for developing and executing the strategy of the organization. Using the Balanced Scorecard methodology, the team developed a one-page strategy map, which detailed the objectives the team was trying to achieve and showed how they were connected.

article thumbnail

Performance Measurement

Strategy Driven

Since the unit’s reported financial results were so good, the executives at the corporate headquarters didn’t ask many questions about the drivers of the unit’s profits – until it was too late. Pharmaceutical companies have long needed deep scientific-innovation leadership capabilities but relatively few general managers.

ROIC 62
article thumbnail

The Big Picture of Business – Becoming a Legend

Strategy Driven

Business development. Professional innovation. However, recognition programs are a balanced scorecard that involves the scrutiny of the company and its leaders by credible outside sources. The Business Treeâ„¢ has 7 major parts… 5 primary branches, a trunk (6) and the base (7): The business you’re in.

article thumbnail

8 Reasons Companies Don’t Capture More Value

Harvard Business Review

Their innovation efforts tend to be focused wholly on the creation of new value; meanwhile, the question of how exactly they will be compensated for it usually goes unexamined. One typical reason is that top executives haven’t managed to clarify something even more fundamental: how much priority they place on increasing profit margins.