You often hear of making a “tactical decision" to change a situation for the better—or to prevent something from happening. However, tactics cannot stand alone but are always linked to an overall strategy. So, what’s the difference between a...
Old-fashioned Strategy Execution Management methods for high-level, long-term goals (that often stay in the planning stages for months, if not years) grow even less effective every day. There‘s no time for 20th century management tools in our...
Balanced Scorecard (BSC) is a methodology for measuring strategic management performance. Robert Kaplan and David Norton introduced the concept in their 1992 Harvard Business Review article, “The Balanced Scorecard: Measures that Drive Performance.”...
In an earlier post, we showed how what gets measured gets done! But which Key Performance Indicators would be most useful for your organization? Stakeholders who aren’t involved in the day-to-day operations of the company need information that’s a...
Mission, values, and vision are not only essential to your organization's growth, but they are also preconditions to create a strategy and making your strategic plan. They must be in place before you start on your strategic process.
Organizations are living organisms that have their own collective mindset and capabilities. To achieve your organization's optimum success, keep reading.
Strategic alignment is the assurance that the whole organization is working toward a common goal—the vision!
Formulating a strategy is about insight, direction, and the right solution. According to the greatest pioneers in strategy development research, there are three generic strategies for maintaining a competitive position in the market. The three...
As consequence of accelerating change and thus increasing market uncertainty, companies across industries are looking for ways to increase the speed and flexibility of executing their strategy.
