article thumbnail

Strategy Execution and The Balanced Scorecard

Six Disciplines

Kaplan, one of the original creators of the Balanced Scorecard in 1992. Though executives may formulate an excellent strategy, it easily fades from memory as the organization tackles day-to-day operations issues, or what most think of as "fighting fires.".

article thumbnail

Strategy Execution and The Balanced Scorecard

Six Disciplines

Kaplan, one of the original creators of the Balanced Scorecard. Though executives may formulate an excellent strategy, it easily fades from memory as the organization tackles day-to-day operations issues, or what most think of as "fighting fires.". Strategy forumulation needs to be a continual process - not an annual event.

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. Breakdowns in a company’s management system, not managers’ lack of ability or effort, are what cause a company’s underperformance. Align Systems ).

System 98
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. Breakdowns in a company’s management system, not managers’ lack of ability or effort, are what cause a company’s underperformance. Align Systems ).

System 85
article thumbnail

Strategic Planning Steps

CO2

Our value systems and individual beliefs are learned. In healthy and aligned organizations, the stated values and operating values are one and the same. Create a one-page document that contains the company’s operating values, vision, and mission. They are coded in us, prompting us to act in certain, consistent ways.

article thumbnail

Are CEOs Really Necessary Anymore?

Strategy Driven

If BDAI had been in place at Olympus Camera on the day that Steve Jobs introduced the iPhone, would the company’s management information system have warned leadership that the pocket camera industry, at that moment, was entering an irreversible swoon? CEO’s Role- Wisdom and Innovation.

CEO 66
article thumbnail

Effective Meeting Models

CO2

Our ability to predict the future is getting more and more difficult as the population grows, markets shift, competitors switch strategies, and systems interact. Weekly Operational Meetings. Weekly operational meetings should be kept under 90 minutes. Quarterly Strategic Review Meeting. Monthly Staff Meetings.