[vc_row][vc_column][vc_column_text] It is pretty obvious that business alignment is a prerequisite for firms to success. This alignment is even more important in the two top layers of the firm, the board of directors and the management team. Thus, we can find…
Annual Budget: Are You Using Budget As a Real Strategic Execution Tool?
[vc_row][vc_column][vc_column_text] Nowadays, most firms have annual budget processes in place. Nevertheless, there are no many of them using a budget process that is fully align with the company strategic execution process. Even many large firms use budgets just as a “merely”…
From Strategy to Execution: Strategic Themes and Initiatives
[vc_row][vc_column][vc_column_text] The balance scorecard brings to strategy some new strategic concepts that complement the traditional ones. Thus, the main strategic concepts used in balance scorecard projects are the following: Mission: What do we do? and What is our business? Values: What…
Mission: Business Strategy Focus On Turnaround Processes
[vc_row][vc_column][vc_column_text] When we are talking about business strategy many times we use the following strategic concepts: values, mission, vision, strategic objectives, strategy, and business policies. Those strategic concepts can be sorted into present and future focus on. Thus, values, mission and…
System Thinking and Shared Vision pillars in the Turnaround Change Management process
[vc_row][vc_column][vc_column_text] Many organizations fail to approach problems because they do not understand system thinking and/or lack of a shared vision. So in those underperformance companies quite often we find departments with a narrow focus, when system thinking is required. For example…