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flevyblog
The Flevy Blog covers Business Strategies, Business Theories, & Business Stories.
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Most organizations struggle with Strategy execution. In fact, numerous studies from top consulting firms (including McKinsey, Bain, BCG) and Harvard Business Review have shown approximately 70% of strategies fail due to poor execution. Furthermore, organizations… Strategic Management Done Right: Set up a Strategic Management Office (SMO)
In a study conducted by global management consulting firm Strategy& (formerly Booz & Company) of 100s of organizations of varying sizes and types, they synthesized a spectrum of 4 different corporate management models. These 4… The 4 Models of Management
At its essence, management just seeks to answer 2 fundamental questions: Are we doing things right? Are we doing the right things? The first question is addressed through Operational Management. Operational Management frameworks include Total… How Do We Answer the Fundamental Question of Strategy: Are We Doing the Right Things?
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… What Is a Strategy Map?
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… Putting the Balanced Scorecard to Work: 11 Great Tips
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… What Are Balanced Scorecards?
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… Capital Budgeting, Pricing Strategy, Mintzberg’s 10 Schools of Thought, and more
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… Perform Strategic Management Right with a Balanced Scorecard
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… Hoshin Kanri