This PPT slide, part of the 34-slide Balanced Scorecard PowerPoint presentation, presents a framework diagram outlining 4 interconnected processes essential for effective strategic management. At the center is the Balanced Scorecard, which serves as the focal point for these processes.
The first process, "Translating the Vision," emphasizes the importance of clarifying the organization's vision and achieving consensus among stakeholders. This step is crucial as it sets the foundation for the subsequent processes. Without a clear vision, alignment across the organization can falter.
Next, "Communicating and Linking" focuses on the necessity of effective communication. This involves educating team members about the vision, setting specific goals, and ensuring that performance measures are directly linked to rewards. This alignment is vital for driving engagement and accountability throughout the organization.
The third process, "Business Planning," entails setting targets and aligning strategic initiatives with available resources. This step is about operationalizing the vision and ensuring that the organization is equipped to execute its strategy effectively. Proper resource allocation is critical here, as it determines the feasibility of achieving the set targets.
Lastly, "Feedback and Learning" highlights the iterative nature of the framework. This process involves articulating the shared vision, providing strategic feedback, and facilitating ongoing strategy reviews. Continuous learning and adaptation are emphasized, ensuring that the organization remains agile and responsive to changes in the environment.
Overall, this diagram illustrates how these 4 processes are interrelated and contribute to a cohesive strategic management approach. Understanding this framework can aid organizations in aligning their operations with their strategic goals, ultimately enhancing performance.
This slide is part of the Balanced Scorecard PowerPoint presentation.
Designed by a firm of ex-consultants from McKinsey, E&Y, and Bearing Point, this presentation explains Kaplan and Norton's Balanced Scorecard, a classic framework on strategic management.
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Balanced Scorecard Strategy Deployment & Execution Agile Business Planning Effective Communication Feedback
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