The business world is having to deal with change at an unprecedented rate, largely due to the modern technological revolution and today’s consumer’s insatiable urge for mass customization, technological innovation and instant gratification. Businesses need to be alive to the changing external environment and be constantly evolving their business strategy
Determining the best way to measure the performance of an innovation can be a nefarious event. The same is true for innovative policy improvements. The hypothetical case study will cover the implementation of the directive to expedite the National Environmental Policy Act (NEPA) process. We’ll go though these 5 steps
Shift a focus from some speed-related metrics like Cost and Time to hire, to more strategic HR KPIs that help to manage actual hiring quality. It is perhaps both the best and worst of times to be a recruiter. It’s exciting because recruiters have a vast array of social media
Most of you will be familiar with the HR Shared Service Center model, (HR SSC), which operates alongside specialist HR Centers of Excellence and Strategic HR Business Partners. The idea is that the HR SSC acts like a first/second line customer service center for staff, freeing up time for HR
Who else wants an easy to follow Balanced Scorecard implementation guide? Here is a simple 5 step formula that will help to create and implement a business scorecard that will actually work and that you can be proud of. This formula was tested by our clients, and we have had
Good strategy implies the coherence between objectives and the way people interpret them on each level of the organization. In the business scorecards this coherence is achieved via the cascading process. In this article I’d like to use some examples of cascading to summarize the best practices and typical pitfalls. What is Cascading?
This info-graphic is based on the article “5 must-follow steps to prepare business strategy for an execution.” Continue reading an original article. Related Articles 5 Must-Follow Steps to Prepare Business Strategy for an Execution 3 Generic Strategies That Need to Exist in Any Business A Journey From a Bad KPI to
We often hear business professionals talking about vision, mission, strategy maps, SWOT analysis, risk management, or using strategy execution frameworks like Balanced Scorecard. There are many business tools that help to understand company’s challenges better, formulate its strategy, and achieve desired outcomes. To use these tools efficiently and effectively, it’s
If the HR professional takes a look outside the HR bunker for a moment, it will see an increasingly volatile and uncertain global business climate. This has arisen as a result of several forces acting on the global economy, including: technological revolution, globalization, state protectionism, currency destabilization and global conflicts,
We have recently had a discussion about showcasing the Balanced Scorecard approach to the hoteliers, specifically the way the strategy can be described and executed using it. The best way to explain something is to come up with an example! In this case we had an example of generic strategy
Whether you are looking for a professional Balanced Scorecard software, or just researching information about Balanced Scorecard and business strategies, we recommend you to download and try our BSC Designer software (no credit card is required).
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