Category Archives: Strategy mapping

Strategy maps and the tangible future

Balanced scorecards need a strategy map to orientate them towards the strategy. Strategy maps need a tangible future to describe the future that the strategy will deliver in a way that is tangible and clear. Strategy is fundamentally how you … Continue reading

Posted in Alliance balanced scorecard, Strategy mapping, balanced scorecard design | Leave a comment

Strategy maps are about cause and effect

Strategy is about change and improvement, so Strategy maps have to reflect that change and balanced scorecards have to be able to track that change to manage performance. Modern, third and fourth generation, balanced scorecards have strategy maps. These contain … Continue reading

Posted in Balanced scorecard principles and techniques, Fourth generation balanced scorecards, Strategy mapping, balanced scorecard design, cause and effect | Leave a comment

Principles of Effective Balanced Scorecards Part 6

Principles of Effective Balanced Scorecards Part 6 “Of course we have a scorecard. I designed it at home the other evening” Very early on in my Balanced Scorecard career I heard a lovely story. Some of my colleagues had been … Continue reading

Posted in Balanced Scorecard Ownership and Implementation, Balanced scorecard principles and techniques, Strategic themes, Strategy mapping, scorecard design, strategic planning | Leave a comment

Strategy maps for different purposes

Strategy maps for different purposes I recently spoke at a conference on the balanced scorecard and where Paul Niven was also speaking. When he did an explanation of strategy maps and did an exercise the audience produce three very different … Continue reading

Posted in Balanced Scorecard, Strategy Map, Strategy mapping, communicating strategy, strategic thinking | Leave a comment

Customers and the Balanced Scorecard

Customers and the Balanced Scorecard I recently came across an article on the balanced scorecard on the website mycustomer.com. However I think it missed an awful lot out about how to handle customers appropriately in a balanced scorecard. Here was … Continue reading

Posted in Balanced Scorecard, Customer focus, Customer perspective, Silo thinking and working, Strategy Map, Strategy mapping, customer strategy, measuring customers | Leave a comment

Getting a sense of perspective: Similarities between the balanced scorecard and how our eyes work

Getting a sense of perspective Similarities between the balanced scorecard and how our eyes work Yesterday I got something in my eye and it irritated the lens surface so much I was going around much of the day with one … Continue reading

Posted in A sense of perspective, Balanced Scorecard, Strategy mapping, focus on what matters, interpreting information, what drives performance | Leave a comment

Prof Bob Kaplan: Strategy maps and themes as aids to communicating strategy

Prof Bob Kaplan: Strategy maps and themes as aids to communicating strategy Last night I attended Bob Kaplan’s presentation in London on his latest thinking around scorecard development. His talk was entitled “Communicating strategy and managing the strategy execution process … Continue reading

Posted in Balanced Scorecard, Bob Kaplan, Silo thinking and working, Strategy Map, Strategy mapping, communicating strategy, discussing strategy | Leave a comment

The Balanced Scorecard in small and owner managed businesses

The Balanced Scorecard in small and owner managed businesses I often get asked about how applicable the Balanced Scorecard is in small and owner managed (family) businesses. The answer is very, but not primarily as a set of measures; more … Continue reading

Posted in Balanced Scorecard, Performance Management, Small businesses, Strategy, Strategy Map, Strategy mapping, performance measurement | Leave a comment

Valuing companies – starting from first principles.

Valuing companies – starting from first principles. Several times recently I have been in discussions about company valuation and, in each case, the topic has moved to earnings multiples. If I have this sort of company, then it is worth/values … Continue reading

Posted in Strategy mapping, Valuing companies, choosing acquisitions, company value, investment criteria | Leave a comment

KPI Strategy workshop: What is important for your organisation to measure, and How to construct meaningful KPIs

KPI Strategy workshop: What is important for your organisation to measure, and How to construct meaningful KPIs This is an advert more than a blog, but at least you will get to hear about it and talk to me directly … Continue reading

Posted in Balanced Scorecard, KPIs (Key Performance Indicators) and CSFs (Critical Success Factors), Performance Management, Strategy Map, Strategy mapping, corporate strategy, meaningful measures, strategic performance management | Leave a comment