Making a strategy for organizational growth is an art per-se – only well-crafted and grounded strategies can take an organization forward. However, it’s not the strategy design where most organizations fail; it is the implementation of these strategies that keep organizations snarled for years – even decades in some cases. Organizations who can see the future, plan for it and execute their plans well stand a chance to lead the markets.
In our experience with about a dozen client organizations from different parts of the world including Asia, Australia, North America & Europe who are managing their strategic plans with Balanced Scorecard or its variants, we have discovered that there are fundamental nagging issues that need to be resolved before strategic management process can be made fully effective.
Balanced Scorecard is a world renowned tool for managing strategy in organizations. More than 70% of Fortune 1000 companies use Balanced Scorecard today. Many governments around the globe use this tool extensively.