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The Importance of Scenarios when Dealing with Uncertainty
By Denise Harrison, Senior Consultant How can we better deal with uncertainty when we develop our strategic plan? Many strategic planning teams struggle with this issue. While it is important to understand what you know as facts and what your assumptions for the future are, I have found that some good scenario planning helps a […]
Continue readingFixing Your Balanced Scorecard – Part 3
Continuing the discussion we started in the prior posts, the third main reason why you may be disappointed in your Balanced Scorecard program is fundamental to the limitations of the scorecard itself. III. Your Balanced Scorecard isn’t driving action This is most likely true if you are doing Balanced Scorecard instead of true Strategic […]
Continue readingSimplifying Your Business
By Robert W. Bradford, President & CEO Last week, I was talking with someone about their insurance agent. She was absolutely thrilled at how the agent handled a recent car accident, saying “She made everything so much simpler!” It got me thinking about simplicity, and how it works in companies we like – and those […]
Continue readingFixing Your Balanced Scorecard – Part 2
By Robert W. Bradford, President & CEO Following up our prior discussion, another set of limitations of the Balanced Scorecard includes: IIa. You are measuring things because they are easy to measure This issue reminds me of the old joke about the man looking for his wallet on the sidewalk. Passerby: “Did you lose your […]
Continue readingFixing Your Balanced Scorecard – Part 1
Note: This was previously published in Compass Points Some time ago, I had an interesting conversation about the Balanced Scorecard with a friend who works in a large organization. His comments reminded me of so many comments I’ve heard about Balanced Scorecard and Strategic Planning that I went back through my notes to see […]
Continue readingStrategic Planning – Only for Corporate?
By M Dana Baldwin, Senior Consultant Most people know that in order to help an organization focus on its future and to build plans/strategies to improve market share, profitability and competitive stature, that a company should go through a formal, well-organized planning process which will result in specific objectives and actionable strategies. But how many […]
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