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"Everybody talks about the weather, but no one does anything about it." – Mark Twain |
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Balanced Scorecard Framework |
For each of the above four questions, provide answers in terms of:
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Balance – Leadership – Innovation – Synergy – Speed |
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Results-based Leadership Results-based leadership has relentless emphasis on results in the four areas:
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Balance is a key element of a happy life and sustainable business.
Balance is about how you live your life and manage your business and people.
Finding the right balance in your your life and your business will help you refine your goals and hasten you towards them.
What is Business Systems Approach?
A business is more than finance. Performance measures need to be aligned with the organization's strategy.
The Business Systems approach considers business as system of interrelated factors of strategy, owners, investors, management, workers, finance, processes, products, suppliers, customers, and competitors.
Organizations prosper by achieving strategy that is implemented as a result of continuous decision-making at all levels of the business. Firms implement strategy through balancing the four major factors or perspectives:
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Financial perspective
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Customer perspective
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Internal business process perspective, and
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Learning, innovation, and growth perspective.
The four perspectives permit a balance between short-term and long-term objectives, between outcomes desired and the performance drivers of those outcomes, and between hard objective measures and soft subjective measures.
Balanced Organization:
5 Basic Elements
Leadership
(Fire):
The Growing Role of the
Business Architect
Today's companies need
business architects
who can take a
systems view of a business and build
synergies.
Business
architect is a person who
initiates new business ventures
or leads
business innovation, designs a
winning
business model, and builds a
sustainable
balanced business system for a
lasting success... 
Results-based Leadership
Achieving Strategy through Balancing Competing Values
The primary goal of any business is to increase stakeholder value. It is achieved through a dynamic balancing of competing values. In order for a business to maximize economic value, it must balance customer satisfaction and competitive market forces with internal cost and growth consideration.
Systemic Approach to Innovation
Until recently innovation has been seen principally as the means to turn research results into commercially successful products, but not all research leads to innovation and not all innovation is research-based. Today, innovation is systemic. It arises from complex interactions between many individuals, organizations and their operating environment. Firms which are successful in realizing the full returns from their technologies and innovations are able to match their technological developments with complementary expertise in other areas of their business, such as manufacturing, distribution, human resources, marketing, and customer service... More
Customer Perspective
Customer is defined as anyone who receives that which is produced by the individual or organization that has value. A customer focus - as opposed to "customer driven" or "market driven", - both internal and external, implies that you don't just respond to what customers say they need and want, but you apply your own body of knowledge acquired from years of experience and study, in addition to your best knowledge of the customer, to deliver a product or service that will exceed customer expectations, achieve delighted customers and lead to customer success.1
Balanced Scorecard
The Balanced Scorecard is a framework for designing a set of measures for activities chosen by you as being the key drivers of your business.
By having four distinct perspectives (financial, customer, internal process and innovation and learning) it promotes a more holistic view of the business.
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Discover much more in the FULL VERSION of e-Coach |
The Power of Balance...
Systems Thinking...
Your Cross-functional Excellence...
Inclusive Company...
Balancing Dynamic Organizational Dichotomies...
Systemic Innovation...
Corporate Innovation System...
Delivering Balanced Results through Coaching...
Practical Guidelines for Conducting Knowledge Management in SMEs...
Links Between Individual Learning, Collective Learning and Ethics...
Systemic Innovation...
Continuous Innovation Strategy...
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References:
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