Six Disciplines

article thumbnail

Strategy Execution and The Balanced Scorecard

Six Disciplines

Kaplan, one of the original creators of the Balanced Scorecard in 1992. Kaplan also reveals the "six strategy execution stages": Stage 1: The CEO leads the change agenda and drives it from the top to reinforce the mission, values and vision. Key take-aways from their latest research: Companies often manage strategy in fits and starts.

article thumbnail

Why Is Strategy Execution So Hard? The Odds Are Against Us

Six Disciplines

Kaplan and D. Kaplan and D. Only 5% of employees understand their corporate strategy.[4]. 92% of organizations do not measure performance indicators.[5]. 75% of business improvement (change) initiatives to solve these problems fail due to lack of sustainability. [6]. Cited Sources: [1] (R. 4] (Renaissance Solutions Survey, 1996). [5]

Norton 101
Insiders

Sign Up for our Newsletter

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

article thumbnail

The Key Observation In Managing Strategy Is Managing Change

Six Disciplines

Key highlights from the interview: The research that Dr Robert Kaplan, myself and our colleagues at the Palladium Group have done over the years indicate that there are five common principle s that are found in successful companies.

article thumbnail

The Key Observation In Managing Strategy Is Managing Change

Six Disciplines

Key highlights from the interview: The research that Dr Robert Kaplan, myself and our colleagues at the Palladium Group have done over the years indicate that there are five common principle s that are found in successful companies.

article thumbnail

Strategy Execution and The Balanced Scorecard

Six Disciplines

Kaplan, one of the original creators of the Balanced Scorecard. Kaplan also reveals the "six strategy execution stages": Stage 1: The CEO leads the change agenda and drives it from the top to reinforce the mission, values and vision. Harvard Business School Working Knowledge offers up this interview with professor Robert S.

article thumbnail

A Closed-Loop Strategy Execution System

Six Disciplines

Kaplan and Dr. David P. It's interesting to note that Kaplan and Norton's description of such a "closed-loop management system" very closely parallels that of the Six Disciplines complete strategy execution program. By creating a closed-loop management system, companies can avoid such shortfalls.

System 98
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. Of course, it doesn't have to be that way.