MJF Group in association with MJGAF Consultancy, Riverstone Accounting Services and Calibre-EliteUnlocking Inner Profits with Business Plans that Work  We also offer Strategic and Marketing plans along with Accounting Software and have a specilaised diagnostic service with Calibre-Elite                                                             
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WELCOME TO THE MJF GROUP.

Business Advisory, Strategic Support Services, Business Coaching -

Solely for the CEO, Managing Director and or Business Owner.

BALANCED SCORECARD

Translating Strategy is More Difficult than Making Strategy.

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.

  1. The Vision Barrier.
  2. The People Barrier
  3. The Management Barrier
  4. 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.

  • Of 1,221 organisations polled, 88% of organisations claim to conduct formal strategic planning.
  • 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.
    • Of those companies claiming to have a formal strategic planning process over half say that it plays a significant role in helping develop corporate strategy.

It seems as if there is little opportunity to add any value.

But, the same research presents other findings that indicate major gaps.

  • Just 45% of the respondents were satisfied with the strategic planning process e-book: swot; how to
  • Only 23% said major decisions were made within its confines.

"respondents raise significant concerns about the way their company executes the strategy, communicates it, aligns the organisation with it and measures performance against it"

  • Finally.... the Balanced Scorecard was ranked the #6 tool among most used management tools and its usage and adoption across of sizes of businesses is forecasted to grow to 75%.

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:

  1. Download a Free Kaplan and Norton guide; "Having trouble with your strategy? Map it!

  2. Download a Free Characteristics of Competitive Strategies checklist

  3. Download a Free Kaplan and Norton article: "The Strategy review process" 

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MJF Group - Unlocking Inner Profits with Business Plans that Work