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Klicka här om du vill läsa artikeln; "The Strategy Review Process">> How an organization structures its strategy review meetings has enormous impact on the effectiveness of its strategy management efforts.The frequency of meetings, participant roster, agenda format, whether or not to disseminate results companywide: such choices affect everything from the level of candor to the quality of the decision making.Drawing upon Balanced Scorecard Collaborative research, David Norton and Jay Weiser outline the guiding principles for ensuring an effective strategy review process, with examples of the diverse approaches taken at best-practice BSC organizations.
Klicka här om du vill läsa artikeln; "Building a Co-Creative Performance Management System">> Co-creation has captured great attention (and unleashed spectacular results) in many companies, governments, and other organizations around the world. Authors Ramaswamy and Gouillart explore the
Klicka här om du vill läsa artikeln; "Leadership Development as the Key to Organizational Change (and Success)">> How often do companies promote talented mangers to positions of leadership – without giving a moment’s thought to whether they have leadership skills, let alone to boosting such skills? Regrettably, it’s the rule rather than the exception. But the company that ensures that the individuals in its top management team possess both leadership and management skills is the best equipped to lead change, execute strategy, and compete effectively in today’s volatile business climate.
Klicka här om du vill läsa artikeln; "Successful Strategy Execution - Part I: What Does it Look Like?">> "Successful Strategy Execution - Part II: What Does it Look Like?">> Robert Kaplan and David Norton have written extensively about how organizations can use the Balanced Scorecard (BSC) as the central organizing concept for an integrated strategy management system.Norton shares his latest thoughts and observations about how the most successful adopters of this management tool - members of the Balanced Scorecard Hall of Fame - use this approach to achieve improvements in financial performance.
Klicka här om du vill läsa artikeln; "Critical Conversations That Reset How Your Organization Manages Initiatives">> To give your strategy a fighting chance of success, you must be able to do two things supremely well: prioritize strategic initiatives and integrate them for maximum impact. However, both of these tasks - in even the best-run organizations - more often than not prove inherently difficult and frustrating. In this months article you can read and learn how to ask the right questions to prioritize the most important initiatives.
Klicka här om du vill läsa artikeln; "Choose the Right Measures, Drive the Right Strategy">> Metrics overload is a common problem that can have serious consequences: specifically, it can make it difficult for employees to see what actions they should take to execute strategic objectives.Having too many metrics dilutes the focus and invariably means many are irrelevant.Here, accounting and performance measurement expert Dennis Campbell traces a major Canadian bank’s experience in overhauling its customer satisfaction metrics to make them meaningful— and actionable—to frontline employees.The results say it all.
Klicka här om du vill läsa artikeln; "Leadership for Strategy Execution">> Palladium has helped hundreds of organizations improve how they execute strategy and achieve breakthrough results. These organizations prove that breakthrough results are possible to achieve, and sustainable over time. In every one of these organizations, there have been two recurring themes that have led to their success. The first is that these organizations have leveraged the Execution Premium Process. The second is that each CEO/business unit head from these organizations provided visionary and effective leadership.
Klicka här om du vill läsa artikeln; "How a Management System Helps You Cope with a Recession">> Cost cutting is no formula for surviving tough economic times. Across-the-board cuts that ignore the strategy and key objectives and their casual relationship can knock a company off course entirely, jeopardizing its long-term strategy and mission. Instead, says David Norton, adapt the strategy map. With the six-stage management system as your guide, you can shift to a short term-plan – with the speed and agility – knowing the causal impact up front.
Klicka här om du vill läsa artikeln; "Managing Projects in Turbulent Times">> Strategic initiatives are major drivers of organizational progress and are designed to transform enterprise processes or knowledge assets. Unfortunately, many initiatives suffer from poor project management?they are launched without clear business cases, paid too little attention from senior leaders, and managed without strong project governance. The costs of these and other mistakes are significant.
Klicka här om du vill läsa artikeln; "Developing the Strategy: Vision,Value Gaps, and Analysis">> During the past 30 years, much attention has been focused on how companies can formulate new strategies for sustainable advantage. In this first of two articles on strategy development, adapted from Kaplan and Norton’s forthcoming book, The Execution Premium, the authors explore the key steps that establish a foundation for formulating strategy, from defining mission, vision, and values to strategic analysis.
Klicka här om du vill läsa artikeln; "Does Your Organization Have the Capabilities to Execute Strategy?">> No organization can successfully execute strategy without the right people, processes, and technology (and information) capabilities. Yet, surprisingly, many organizations lack a clear idea of what capabilities are required and where the deficiencies are. The approach described in this article, which builds on Kaplan and Norton’s concept of human capital and IT readiness reporting, provides a road map for organizations to follow to identify and assess capability gaps and puts in place a management process to close these gaps.
Klicka här om du vill läsa artikeln; "Combining Hoshin Planning with the Balanced Scorecard to Achieve Breakthrough Results">> Many organizations today are adopting the Lean and Lean Six Sigma (LSS) tools and philosophies. Earlier research we performed on LSS raised our curiosity as to what complementary effects, if any, exist for organizations that adopt both LSS and strategy or policy deployment tools such as the Balanced Scorecard (BSC) and Hoshin Planning. The results reveal that the combination of the BSC and Hoshin Planning can be especially helpful for those organizations pursuing LSS.
Klicka här om du vill läsa artikeln; "Managing the Multiple Dimensions of Risk: Part I">> "Managing the Multiple Dimensions of Risk: Part II">> All profit and nonprofit enterprises face three different categories of risk. Each has a different degree of controllability—from complete to zero—and each requires a different approach for mitigation and management. Read this monthly premium article written by Professor Robert Kaplan and Anette Mikes Harvard Business School and be inspired how your organization can work to minimize the risks.
Klicka här om du vill läsa artikeln; "Creating Budget-less Organizations with the Balanced Scorecard">> Borealis, a leading European plastic company decided it was time to do away with budgets ? no small task for a global company operating in a cyclical highly technical and fast-changing industry. Thanks to the Balanced Scorecard and other innovative management techniques., the company was able to drop its budget and gain an edge on completion.
Klicka här om du vill läsa artikeln; "Testing, Monitoring, and Adjusting Strategic Objectives through Data Analytics">> Klicka här om du vill ladda ner artikeln; Integrating Planning and Performance Management at Nordea
Managing for value
The overall purpose of Nordea’s Planning and Performance Management Model (PPMM), where Balanced Scorecard (BSC) is a key tool, is to increase group wide focus on shareholder value creation, ensure aligned and focused strategy implementation and support the development of a common Nordea corporate culture and creation of one bank. BSC has had a clear impact on Nordea’s performance orientation. I have quarterly review meetings with all business areas and group functions in order to follow up strategy execution and performance, and they have as well similar management team meetings in each business area and group function. This management process, built upon PPMM and BSC, supports a team-based executive management culture, increases executive accountability with clearly defined targets and actions, and increase focus on strategic direction. All together with increased performance orientation and a new management process, the strategic performance has been improved. Unnerved by a industry downturn, a swedish furniture maker uses the scorecard to safeguard its success, Balanced Scorecard Report article.
Per-Arne Andersson, CFO
Klicka här om du vill läsa artikeln; Användning av Balanserad styrning i Göteborgs stad – Biskopsgården Göteborgs stad har sedan många år målmedvetet valt att arbeta med balanserad styrning. I Biskopsgården vill vi utnyttja all den senaste kunskapen för att tydliggöra och genomföra strategier för att skapa mesta möjliga nytta för våra invånare. I arbetet på alla nivåer fokuserar ledare och medarbetare på hur de kan bidra till den gemensamma målsättningen.
Björn Järbur, Stadsdelschef Biskopsgården, Göteborg Stad
Klicka här om du vill läsa artikeln; En formell process för uppföljning av strategins genomförande skapar konkurrensfördelar Vår forskning har visat att organisationer som har en formell process och dedikerade resurser för att följa upp strategins genomförande är i 70 % av fallen framgångsrikare än sin jämförelsegrupp. Följ länken för att läsa en sammanfattning, gjord av Dr. David P. Norton, för att ta del av vårt forskningsresultat.
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