What is the best way to improve organizational performance? There are 5 essential steps. And they need to happen sequentially. The Five Essential Steps for Strategy Management Best Results Strategy must be crisp, concise and communicated so it is understood by everyone. Communicate with words and visual aids. Measures must …
The Hypotheses of Strategy
I’ve often asserted that all organizations need to change their strategy in response to change in the environment; to realize new opportunity and to defend against threat. I’ve said that the organization that fails to change its value proposition will lose relevance, and ultimately become extinct. Most leaders understand intuitively …
Project Prioritization Through Balanced Scorecard and Six Sigma
The achievement of an organization’s strategy using the Balanced Scorecard is through the identification and execution of select strategic initiatives. Most Balanced Scorecard methodologies do not have a well-defined process for prioritizing and selecting from amongst the possible strategic initiatives and also do not have a well-define methodology for managing …
Strategic Management Systems Integrating Thinking NOT Data
When considering the adoption of strategic management systems, placing too much focus on IT compatibility and integration can lead to missing the real opportunity for improving alignment and strategy execution. It is very natural for people in IT (and large software companies) to see organizational alignment and strategy execution as …
How to Handle a Large Number of Strategic Objectives
A previous post identified seven areas where the Balanced Scorecard (BSC) and Lean Six Sigma (LSS) need each other. The first item on the list has to do with defining strategic objectives. This is, obviously, a crucial component of defining an organization’s strategy. If the strategic objectives are ill-defined and …
Improving the Success Rate of EHR Implementation
For the average person, and it seems for the average politician, it sounds like Electronic Health Records (or Electronic Medical Records) are the answer to our healthcare problems. The American Recovery and Reinvestment Act (Obama’s economic stimulus package) is pouring many billions of dollars to spur their adoption. Yet, there …