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 concrete…
Visually design your Organization’s Strategy
The Mindmap is a visualization technique to graphically establish connections between several ideas or pieces of information. MindMap enables the visual representation of an organization’s strategic plans, decomposition, and current status. It helps internal and external users to establish traceability across strategic initiatives, assess progress against set goals, and objectives making everyone in the organization realize…
Usecase for Strategic Workforce Planning
Geo-political and fiscal realities, technological advances, and ever-changing user needs continuously create challenges for the Government workforce. Government organizations require a capable, agile and diverse workforce to meet their general population’s demands, deliver services, and ensure security within various sectors such as education, health care, transport, infrastructure, law enforcement, defense, and social services. Strategic workforce…
Why do so many strategies fail to deliver expected results?
In their book “The Balanced Scorecard,” authors David Norton and Robert Kaplan note that 90% of organizations fail to execute their strategies successfully. Most organizations start with pre-conceived notions of failure and label strategy development and execution practices as leadership requirements or just an academic exercise. Once there is a recognition that strategic management is…
Common mistakes in Strategic Planning
A well-researched strategy can be the difference between a failed business and the next big thing. Despite the benefits of strategic planning, the percentage of failed businesses and strategies is more than 85%. Effective Strategic Management Developing a robust business plan is highly challenging. Even more challenging is tracking, managing, and executing it. Effective strategic…
Balanced Scorecard, Its Uses and Benefits
Overview and guide to implementing a Balanced Scorecard within your Organization Overview The Balanced Scorecard is a strategic management tool that allows organizations to monitor the status of the drivers, goals, and objectives. It allows Core-Strategy users to systematically analyze the outcomes of strategic initiatives, establishing priority, organization-wide communication, and alignment of day-to-day tasks against…
An Overview of PESTLE Analysis
Core-Strategy analytical suite includes Porter’s five (5) forces model known as PESTLE Analysis. It allows users to map and understand the external influences that impacts organization’s internal initiatives. What is PESTLE? PESTLE stands for: P – Political E – Economic S – Social T – Technological L – Legal E – Environmental Core-Strategy PESTLE analysis…
Guidelines for effective Strategic Management
The business landscape is constantly changing, and in order to keep up with the competition, organizations need to have a business strategy that sets them apart. Clear objectives and company values are essential when crafting business plans, as they will form the basis of strategic decisions. Strategic planning is key to success and can help…
