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The Balanced Scorecard: Do’s and Don’ts

First Friday Book Synopsis

In a book published in 1996, The Balanced Scorecard: Translating Strategy Into Action, Robert S. Norton developed in much greater depth and detail a concept they introduced previously in an HBR article (January/February, 1992): the balanced scorecard. Kaplan and David P.

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The Strategy Book

Leading Blog

It contains concise explanations (without all the jargon) of some of the most popular strategy tools and how to use them. The Strategy Toolkit at the end of the book is not just another nice add-on. It is worth as much as the rest of the book. Second, there are some of the most influential tools from the field of strategy and management.

Strategy 280
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The Fourth Dimension of Change Management

Change Starts Here

Before starting Enclaria, I managed an “executive working group” program for Balanced Scorecard Collaborative. Clients came to us to learn and participate in research about how to develop an Office of Strategy Management within their organizations. The fourth dimension is YOU. The change practitioner.

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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. This is the story of how they did it. They also created a scorecard to measure their performance against each objective. They uncovered and implemented many improvement opportunities.

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Performance Measurement

Strategy Driven

Addresses how to ensure your company has the right governance, performance measurement, and internal discussions to encourage value-creating decisions. Numerous organizations have subsequently advocated and implemented the balanced scorecard idea. Effectively applies the theory of value creation to our economy.

ROIC 62
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Effective Meeting Models

CO2

This annual strategic review and planning meeting may take as long as a week (because you will be pre-deciding how to act should certain key assumptions come to pass), but when done well it leads to a more purposeful and energized commitment to the future. If gaps emerge, action plans must be developed. Monthly Staff Meetings.

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8 Reasons Companies Don’t Capture More Value

Harvard Business Review

But in truth businesses rarely focus on only profitability; most strive to satisfy various stakeholders and meet the goals of balanced scorecards. Most companies have developed quite sophisticated processes and heuristics to balance competing objectives when it comes to creating value for customers.