Blog Posts

Post Category: ‘Strategic planning’

Hosin Planning and the Strategic Planning process

A recent question on Linkedin was about deploying Hosin Planning as a part of a strategic Planning process.  Few respondents seemed to have come across this in action, so here was my response: Untangling problems with Hosin Planning Let me tell you about a client I helped that was using Hosin Planning, strategic planning and the Balanced Scorecard , got …

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What is the difference between strategy and planning?

I get this question a lot.  It is not that people don’t understand planning, but there is often an unclear line in their minds between where strategy stops and planning starts.  I have met senior people in “Strategic planning” roles who describe their job title as an oxymoron;  a contradiction in its own sentence. When I train people in strategy …

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Lessons from another Strategic Planning workshop

One of the difficulties with strategic away days and strategic planning days is in their name: they are only a day.  Last week I had a day and a half with a team: A team that hardly new each other as they were coming from four different countries and Operating Companies within the  same group.  That meant that we had …

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What planning horizon for my Balanced Scorecard and my strategy

So what planning horizon should I use for my balanced scorecard?  1 year, 2 years, 6, 10 perhaps? First recognise that different tools in the overall Balanced Scorecard approach to strategic management are for different planning horizons.  Tangible future for 10 years, strategy map for 2-5 years, and scorecards measures for 12-24 months, whilst targets and actions are only 6- …

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Should you use a Balanced Scorecard for Strategic Planning?

You might be wondering whether you should use a Balanced Scorecard for strategic planning process.  Here is my response to that very question.  Don’t use “a balanced scorecard”: use “The Balanced Scorecard Approach”. The Balanced Scorecard approach is an effective, systematic approach to capturing strategy  (Strategy maps), Planning (the alignment between strategy maps and scorecards) and for communicating and managing …

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Integrating rolling and continuous budgeting with your Strategy

The challenge… Increasingly businesses are waking up to the fact that traditional, annual budgeting can constrain, as much as it controls and plans. No-one is saying, “Ignore the money”. However, it is a tool designed for centralised planning over relatively long and stable periods. The forecast we made before month 1 even started, becomes our fixed target for the next …

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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 to see a potential client about some scorecard work. It turned out he had one right there. He opened his …

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