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Balanced Scorecard Romania
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Before we start building any Strategic Plan, we have to clearly identify the Strategic Gaps (or Strategic Value Gaps) that have to be closed by executing the plan. Or, in other words, to Formulate our Strategy in a detailed manner, in order to get all the input data required for the Strategy Execution and develop an accurate plan for achieving the corporate goals of our Strategy.Strategy FormulationI always say that Strategy Management is part Ar...
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Difficult to spell as it might be, the term 'deseasonalization' (which Google learned to translate, as well ... 'désaisonnalisation', in French or 'dessazonalização', in Portuguese), is an important term in Strategy Execution. More subtle for many of us, but definitely important. If you are uncomfortable with the term, you can use an acronym, similar to the deoxyribonucleic acid, which we call DNA. So, you can use DSZ as an acronym for deseasonal...
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When it comes to setting up the model for aligning or cascading objectives and KPIs for the business units of an organization, things are never easy. It's not that defining goals, strategic gaps, objectives, cause-effect relations, KPIs, targets or initiatives for the whole organization would have been easy, but the alignment & cascading have to overcome two opposing requirements: (a) to ensure sufficient consistency and accuracy in deconstructin...
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Have them in circles
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Aleksey Savkin (BSC)'s profile photo
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Although this is not a new topic, we still see from time to time people asking questions about how to integrate the Strategic Performance and Risk.Rather than presenting all sorts of principles and theories, we'll take a more applicative and hands-on approach. Take a look at the diagram below (a picture worth a thousand words :)You can find the slide on Issuu (.pdf) at http://issuu.com/mihaiionescu7/docs/strategic_performance-risk_integrat and on...
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Although PwC's Strategy& (formerly Booz & Company) claims a certain level of thought leadership in regard to the Capabilities-Driven Strategy, the concepts of such strategy model is widely spread throughout the business executives' and management consultants' community, world-wide.The Capabilities SystemWhile Strategy& consultants explain, in simple terms, that the Core Capabilities cannot be employed in isolation, but together with a complementa...
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During several BSC implementation projects, I've been asked this very interesting question: 'What do we do with the achieved Objectives?''We keep them on the Strategy Map, together with the other Objectives' was the default answer. But is this the correct one? Let's look at the diagram below.So, we normally put the Objective P2 on the Strategy Map for the duration of the planning & execution cycle - let's consider an yearly cycle - so we'll focus...
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Have them in circles
7 people
Aleksey Savkin (BSC)'s profile photo
Clive Keyte's profile photo
Đặng Duy Hiền's profile photo
Gabriel Zaharia's profile photo
Oana Roxana Dinu's profile photo
Prof. Mario Hector Vogel's profile photo
NbmSolution's profile photo
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Introduction
Grupul Balanced Scorecard Romania este o platforma de schimb de idei si experienta, de suport si networking pentru toti cei interesati de utilizarea conceptelor si metodologiei de implementare a sistemului de Executie a Strategiei pe baza teoriei si practicii Balanced Scorecard (BSC).