Strategy

Innovation is about the next big idea for your business. Or is It?

Innovation is one of those business buzzwords you now hear almost every day. But, what is it exactly, and how can you deliver it within your organization? The Merriam-Webster dictionary defines innovation as:1) the introduction of something new;2) a new idea, method, or device There are two types of innovation: breakthrough and incremental. Yet, incremental isn’t …

Strategic maps ensure your initiatives support your goals & objectives

Strategic mapping is a fantastic tool to help ensure your strategy lines up to your key organizational goals. It leverages the balanced scorecard, which focuses on 4 dimensions of the enterprise: Customer Financial Internal processes Learning & Growth Within each of those dimensions, overarching strategies and financial outcomes are identified. It allows anyone within your …

Aligning organizational metrics to business strategy

Unless you work for a very small company, most organizations I know engage in annual strategic planning activities. Many, however, don’t review their balanced scorecards at the same time. When I’ve seen this, I’ve always asked why these aren’t being updated. Almost every single time I was told that the company wanted to have consistent year-over-year …