Creating Strategy-Focused Organizations using the Balanced Scorecard.ppt

Balanced Scorecard Collaborative, Inc. ? 55 Old Bedford Road ? Lincoln, MA 01773 ? Tel: ? Fax: ? ting Strategy-anizations using the Balanced ScorecardPresentation to NCC-AIIMDecember 14, 2000For further information please contact:Robert Wise, . ******@Mission:To facilitate the world-wide awareness, use, enhancement, and integrity of the Balanced Scorecard as a value-added strategic management processServices?SFO Consulting?Education and Training?Publications?Action Research?Vendor ProgramsOffices?Lincoln, Massachusetts USA?London, England?Sydney, Australia?Gothenberg, Sweden“panies BuildStrategy anizations.”3?2000 Balanced Scorecard Collaborative, Scorecard HistoryMeasurement and ReportingAlignment municationEnterprise-wide Strategic ManagementArticles in Harvard Business Review:?“The Balanced Scorecard —Measures that Drive Performance” January - February 1992?“Putting the Balanced Scorecard to Work” September - October 1993?“Using the Balanced Scorecard asa Strategic Management System”January - February eptance and Acclaim:?“The Balanced Scorecard” is translated into 18 languages?Selected by Harvard Business Review as one of the “most important management practices of the past 75 years.“4?2000 Balanced Scorecard Collaborative, anizations Execute Strategy Well?“In the majority of failures – we estimate 70% – the real problem isn’t (bad strategy)…. It’s bad execution.”“Why CEO’s Fail”,Fortune Magazine?“Strategy has never been more important”Business Week?“Less than 10% of strategies effectively formulated are effectively executed”Fortune Magazine5?2000 Balanced Scorecard Collaborative, Barriers to Strategic Plan Deployment1. Vision and Strategy not actionable2. Strategy not linked to Division/Team Goals3. Strategy not linked to Resource Allocation4. Feedback is Tactical, not Strategic6?2000 Balanced Scorecard Collaborative, Goal, to e a: STRATEGY-ANIZATION12