Strategy Execution
Our approach to the management and execution of strategy is based on the Kaplan/Norton Balanced Scorecard Strategy Management system. This is the leading strategy management framework in the world today. The Balanced Scorecard system is a particularly strong system to use in two respects.
- Firstly it is the most comprehensive, well structured, closed-loop framework in the field.
- Secondly the many implementations to date have led to a very clear set of best practice principles for successful implementation and application.
"Many firms have adopted the Balanced Scorecard (BSC) as a way to implement strategy and measure firm performance. … firms who adopt the BSC significantly outperform firms that do not adopt the BSC over a three year period beginning with the year of adoption...firms earn greater excess returns after adoption of the BSC than before. These results provide strong evidence that the BSC is an effective strategic management tool that leads to improved shareholder returns." Aaron D. Crabtree and Gerald K. DeBusk, “The effects of adopting the Balanced Scorecard on shareholder returns”.
Stratagility goes beyond the standard BSC and incorporates the latest best practices and ideas for management of strategy. In this regard we are a key player in the Strategy Aligned Management (SAM) movement, both in implementing the SAM practices as well as in contributing to SAM practices. 3 notable areas where we stand out from the crowd with respect to implementing the BSC are:
- Our contributions to SAM through our leading approach to the integration of Risk Management within the Balanced Scorecard framework.
- Our use of Key Performance Questions (KPQ) approach for developing powerful and effective KPIs and measures as described by the Advanced Performance Institute.
- Our application of the Horsepower system (promoted by Insightformation, the leading proponent of SAM) in the area of employee motivation for our clients.
Together with the Kaplan / Norton Balanced Scorecard system as the underlying core framework, along with the latest SAM practices layered on top and our own specialized expertise in the field, we offer unmatched capabilities to help you in your journey to excellence in the management and execution of strategy.