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Successful execution of business strategy requires you to make some tough choices. Whether you are improving your organizational infrastructure, reorganising your sales force, crafting a marketing plan, restating your financials or seeking efficiencies in a merger or acquisition, the right alignment of people and resources is critical to your success.
Our strategy services are there to help you develop a strategy that is clear to all stakeholders in your organisation. We assist you to prioritize and execute major business initiatives so that organizational resources support the successful achievement of your business strategy.
The strategy services include:
- strategic planning using the Balanced Scorecard method, incorporating Strategy Maps, alignment of Strategic plans to all levels of the organisation.
- alignment of your strategic plans across all business units and service units to all levels of the organisation.
- planning using driver based performance planning ensuring that strategic initiatives are tied in to operational execution,
- budgeting, ensuring alignment to the strategic plan and forecasting using techniques such as the Rolling Forecast model
- financial support to ensure that your strategic goals are met and that dashboards reflect the correct measures and targets with initiatives that close the value gap.
- crafting marketing plans that work.
- organizational readiness to execute strategic plans down to the individual level.
Download a Free marketing strategy guide.
Risk Management.
"Risk is a function of how poorly a strategy will perform if the 'wrong' scenario occurs" Michael Porter.
Mark Frigo said Strategic Risk Management is "how well a business strategy will perform under different scenarios and events" and whose goal is to "preserve and enhance value".
We believe that Strategic Risk Management is about identifying, evaluating and managing the risk associated with your business strategy. It includes evaluating events and scenarios that can have not only a negative but also a positive impact on the organisation's performance. The ideal is to make your leadership team more agile in responding to events if and when they occur.
Rates.
we charge an hourly rate of R1000 for our Balanced Scorecard service.
Barriers to Strategy
Execution.
There are 4 Barriers to
Strategy Execution.
-
The Vision Barrier.
-
The People Barrier
The Management Barrier
The Resource Barrier
1.
It is common cause that only
5% of the workforce
understand strategy.
2. Only 25% of managers have
incentives linked to overall
strategy.
3. 85% of executive teams
spend less than one hour per
month discussing strategy.
4. 60% of all organizations
do not link budgets to
strategy.
Today's management systems
were designed to meet the
needs of stable industrial
organisations that were
changing incrementally.
You can't manage strategy
with a system designed for
tactics.
Strategy Development
Practice today.
The effects of decades of
strategic planning are
reflected in practice today.
Strategic Planning
was also the
management tool that
enjoyed the highest
user satisfaction
(among all 25
management tools
reviewed)
Of 796 companies
polled, 79% had a
formal strategic
planning process.
It seems as if there is
little opportunity to add
any value.
But, the same research
presents other findings that
indicate major gaps.
"respondents raise
significant concerns
about the way their
company executes the
strategy, communicates
it, aligns the
organisation with it and
measures performance
against it"
Executives are still
searching for a solution to
strategy execution.
In the meantime
.........Shareholder Value
is being lost!
So what do we do?
The Kaplan and Norton
Balanced Scorecard is the
dominant approach to a
comprehensive management
system.
The
foundation of the Balanced
Scorecard approach is to
give a framework that
describes how value is
created through an
organisation's strategy.
Research has shown that
Balanced Scorecard users
create dramatically higher
levels of shareholder value
for their organisation.
The
Balanced Scorecard
The
balanced scorecard
tracks all the
important elements
of a company’s
strategy—from
continuous
improvement and
partnerships to
teamwork and global
scale. And that
allows companies to
excel.
For
full article click
below:
The Balanced
Scorecard
Measures That Drive
Performance
by Robert S. Kaplan
and David P. Norton
Strategy Maps.
Having Trouble with
your Strategy - Then
Map It!
by Robert S. Kaplan
and David P. Norton
Why
Strategy maps?
Strategy maps are
essential in the
information age,
when intangible
assets—customer
relationships,
employee skills, the
ability to
innovate—are
competitive
advantages. But
these assets have
value
only within the
context of a
strategy.
For example, a
growth-oriented
strategy might
require in-depth
customer knowledge,
sales training, and
incentive-based
compensation. But
none of these,
alone, would be
enough to
implement
that strategy.
Strategy maps
quantify the value
of tangible
and intangible
assets—linking them
all to your
overarching
strategy.
For full article
click below:
Having Trouble with
Your Strategy? Then
Map It
by Robert S. Kaplan
and David P. Norton
Strategy Management
Toolkit.
A
good strategy map
tells the story of
your strategy. The
Balanced Scorecard
translates strategy
map objectives into
a set of linked
measures.
A good Balanced
Scorecard connects
the strategy map
objectives to
measures, targets,
and initiatives and
supports a complete
strategic management
system by linking
long term strategy
and measures to more
tactical planning &
budgeting.
For a copy
of Strategy Maps contact Dr. Michael
J Freestone.
Typical Strategy
Development Process
and Timing.

Strategy Development
Teams.

Strategy Development
Teams Roles and
Responsibilities.

Contact us.
If you are
interested in
discussing an
implementing the Balanced Scorecard
into your company
please
contact Dr. Michael
J Freestone
to see how his will
make your goals and
objectives reachable.
Contact us to
discuss balanced
Scorecard
Implementation in
our company
Complimentary Downloads
Click on the links below to
get your reports:
-
Download a Free
Kaplan and Norton guide;
"Having trouble with your
strategy? Map it!
-
Download a Free
Characteristics of
Competitive Strategies
checklist
-
Download a Free
Kaplan and Norton article:
"The Strategy review
process"
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