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Tag Archives | strategic management

strategy_map

What Is a Strategy Map?

If you’re familiar with the strategic management framework Balanced Scorecard, you may have also come across the concept of a Strategy Map.  After all, a Strategy Map is a core element of the formulation of a Balanced Scorecard.  Both frameworks were developed by Robert Kaplan and David Norton. Wikipedia defines a Strategy Map as: A […]

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Balanced Scorecard Quotes 1

Putting the Balanced Scorecard to Work: 11 Great Tips

Putting the Balanced Scorecard to work can be quite a challenge. Yes, the Balanced Scorecard has been around for a long time. Yes, there are many Balanced Scorecard example out there. But that doesn’t change the fact that most organizations struggle to put the Balanced Scorecard to work and get all the promised benefits. This […]

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balanced_scorecard

What Are Balanced Scorecards?

Balanced Scorecards tell you the knowledge, skills and systems that your employees will need (learning and growth) to innovate and build the right strategic capabilities and efficiencies (internal processes) that deliver specific value to the market (customer) which will eventually lead to higher shareholder value (financial). — Robert Kaplan & David Norton In 1990, Art […]

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Capital Budgeting, Pricing Strategy, Mintzberg’s 10 Schools of Thought, and more

New & Recommended Documents (Week of 6/3) 1. Capital Investment Analysis View more from ganesh10 Capital Investment Analysis Also called Capital Budgeting – a complex topic simplified in an easy to understand presentation which is completely self-explanatory. Explains the framework for financial analysis with examples and provides practical [Read More] 2. Ten Schools of Thought on Strategic […]

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Perform Strategic Management Right with a Balanced Scorecard

It’s (relatively) easy to come up with a corporate vision, with a mission statement, with a set of strategies.  But, when it comes to the execution of that vision and strategy, things become much more challenging.  This difficulty increases  as the size of the organization increases.  For proper strategic performance management, a number of methodologies […]

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Hoshin Kanri

Hoshin Kanri (Hoshin Planning, Policy Deployment, Management by Policy) is a powerful, systematic Strategic Planning/Management methodology developed by Dr. Yoji Akao that uses a Plan-Do-Check-Act cycle to create goals, choose control measures and link daily control activities to the company’s strategy. It involves a “catchball” as the driving force of alignment, clarification and employee involvement. […]

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