Posted on April 20, 2022 In their book The Balanced Scorecard, authors David Norton and Robert Kaplan note that 90% of organizations fail to execute their business strategies successfully. Most organizations start with pre-conceived notions of failure and label strategy development and execution practices as leadership requirements or just academic exercises. Once there is a…
What is Strategic Management?
Strategy is one of the primary levers at top leaders’ disposal in their never-ending quest to maintain organizational viability and effectiveness. The strategy offers a formal logic for the organization’s goals and orients the people around them. It relies on plans and sets of choices to mobilize people and can often be enforced by both…
Visually design your Organization’s Strategy with Mind Maps
The Mind Map is a visualization technique to graphically establish connections between several ideas or pieces of information. What is a mind map? A Mind Map provides an idea mapping tool for visual tracking of your ideas. The mind map consists of diagrams based on concepts that branch from the concept and are designed to…
Maximizing the Benefits of a Prioritization Matrix for Making Strategic Decisions
Understanding Value, Risk, Mission Alignment, Funding, Staffing, Dependencies & IT A prioritization matrix is a fundamental tool for understanding prioritizing projects or initiatives in order of relative importance. Though numerous organizations exist that critically lack this practice, prioritization has the potential to vastly improve outcomes for leadership teams, customers, and job satisfaction alike. Understanding the…
Understanding Change Management: Challenges, Resistance Factors, and Benefits of an Effective Strategy
What is organizational change? According to HBR, Organizational change refers to the actions in which a company or business alters a major component of its organization, such as its culture, the underlying technologies or infrastructure it uses to operate, or its internal processes. Why is change management important? Change management is important not only due…
Usecase for PESTLE Analysis
The external environment, including physical, political, economic and social factors, can significantly affect how businesses operate. PESTLE analysis is a useful tool for auditing all external factors that can affect an organization’s success. Reviewing the external environment and macro environmental factors through PESTLE makes it possible to identify and understand long-term trends and use them…
Prioritization and Impact Interdependences
A surprising number of organizations are woefully inadequate at using a prioritization matrix for their projects or initiatives. According to Dictornary.com, prioritization is the activity that helps to arrange work activities or actions in order of importance relative to each other. Understanding how to prioritize work affects the outcomes of organizations’ initiatives, leadership and management intent, customer…
Components of Enterprise Strategy Management
What is Enterprise Strategy?
When do you need to write a Strategy?
How to author a measurable Strategy?
Introduction of OKR Framework within Core-Strategy
Core-Strategy seamlessly integrates various popular workflow management and company strategy execution systems in many organizations, including OKR. The OKR framework within Core-Strategy helps make strategy management transparent and accountable, with the translation of purpose and high-level direction down to operational-level strategy execution, making it a transparent and engaging process. The mature OKR methodology helps organizations…
