by Phil Jones | Updated 26 Oct, 2017 | Managing uncertainty & risk, Quality of conversation
You would not fly a plane or drive a car that was untested – so why do we sometimes try to execute untested strategies? There are lots of ways to test a business strategy and check its validity. Recently, I was running a strategy workshop for an Executive team...
by Phil Jones | Updated 22 Feb, 2018 | Agile & learning organisations, Managing uncertainty & risk
What sort of decisions about the crisis improved, or worsened, shareholder value? It is useful to look back at the types of responses and decisions various organisations had to the credit crisis, and their speed, to see if there are patterns that influence...
by Phil Jones | Updated 20 Jun, 2018 | Balanced scorecards and risk management, Managing uncertainty & risk
The way that balanced scorecards manage risks is completely misunderstood. It is nonsense to suggest that they do not mention, address or manage risks. Balanced scorecards do manage risk, when used as part of a strategic balanced scorecard approach. Then, Strategic...
by Phil Jones | Updated 22 Feb, 2018 | Balanced scorecards and risk management, Managing uncertainty & risk
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...
by Phil Jones | Updated 20 Jun, 2018 | Balanced scorecards and risk management, Managing uncertainty & risk
How do you manage risks with the balanced scorecard? How is risk management integrated with the balanced scorecard? I’ve been thinking about this. A little thought brought me to three conclusions about the balanced scorecard and risks. To get to these...
by Phil Jones | Updated 22 Feb, 2018 | How we make & take decisions, Managing uncertainty & risk
At an Institute of Director’s economic briefing in November, the Chief Economist of the IOD said that we are still facing uncertainty, its just that the uncertainties are changing. I think the uncertainty continues to change, especially with impending elections...
by Phil Jones | Updated 27 Feb, 2018 | Agile & learning organisations, Emergent strategy, Managing uncertainty & risk
How do you handle rapidly evolving and changing strategy with a strategic balanced scorecard? We often feel that the environment around us, is changing rapidly. So, we need an approach to strategy planning, communication and implementation that can accommodate a rate...
by Phil Jones | Updated 30 May, 2020 | Balanced Scorecard Questions & Answers, Balanced scorecards and risk management, Managing uncertainty & risk
Your balanced scorecard should be helping you in an uncertain economic climate The current environment is an excellent test of your balanced scorecard. Does it still serve you well as the economy changes, with credit tightening, interest rate and exchange rate...