Strategy Execution: The road not taken


Many organizations spend a significant amount of effort and money creating lofty roadmaps for success that, more often than not, don?t lead the company to its intended destination. The reason companies lose their way is not because they are unable to craft a good roadmap, its because they don?t have the mechanism in place to keep their car on the road. Tools like the Balanced Scorecard help organizations effectively clarify the strategy in a holistic manner, communicate the strategy to all stakeholders, align all departments behind the strategy, and measure strategic performance. Without connecting the Scorecard?s roadmap for success to the management processes that steer the business, however, true value creation will still be elusive. Integration of these processes enables companies to effectively execute strategy, to reach their intended destinations. Source and full article: www.businessintelligence.coma>