Corporate strategy-and-alignment-1233303299802360-3

Corporate Strategy and Alignment The Balanced Scorecard Approach Build Disciplined Execution for your Company Strategy www.ScorecardPartner.com

Power of Balanced Scorecard
The Balanced Scorecard serves as a powerful, systematic, and developed approach to Corporate Governance and Corporate Alignment

Power of Balanced Scorecard
All key corporate management processes are directly affected by the Balanced Scorecard implementation

Key corporate management processes affected by BSC
Mobilization
Strategy Translation
Corporate Alignment
Employee Motivation
Corporate Governance

How the Balanced Scorecard affects key corporate management processes
1. Mobilization:
Orchestrating change through executive leadership

2. Strategy Translation:
Defining Strategy Maps, Strategic Themes, Balanced Scorecards, strategic objectives, targets, and initiatives

3. Corporate Alignment:
Aligning corporate, business units, support units, external partners, and boards with the strategy

4. Employee Motivation:
Providing education, communication, goal settings, incentive compensation, and training of staff

5. Corporate Governance:
Integrating strategy into planning, budgeting, reporting, and management reviews

Corporate Alignment – the Greatest Challenge
Corporate Alignment is the area where the Balanced Scorecard especially outperforms other management practices

Balanced Scorecard creates the framework to respond to the critical question - how corporate headquarters creates more value from the businesses it owns and operates than its rivals would if they owned the same set of businesses, or if the businesses operated completely independently.

The four Balanced Scorecard perspectives provide a natural way to categorize the various types of enterprise value propositions that can contribute to corporate synergies

Managing Corporate Synergies - the Balanced Scorecard view
Financial Synergies
Effectively acquiring and integrating other companies
Maintaining excellent monitoring and governance processes across diverse enterprises
L everaging a common brand across multiple business units
Achieving scale of specialized skills in negotiations with external entities such as governments, unions, capital providers, and suppliers

Customer Synergies
Consistently delivering a common value proposition across a geographically dispersed network of retail or wholesale outlets
Leveraging common customers by combining products or services from multiple business units to provide distinct advantages: low cost, convenience, or customizes solutions

Managing Corporate Synergies – the Balanced Scorecard view
Internal Business Process Synergies
Exploiting core competences that leverage excellence in product or process technologies across multiple business units
Achieving economies of scale through shared manufacturing, research, distribution, or marketing resources

Learning and Growth Synergies
Enhancing human capital through excellent HR recruiting, training, and leadership development practices across multiple business units
Leveraging a common technology to access a wide set of company services, that is shared across multiple product and service divisions
Sharing best-practice capabilities through knowledge management that transfers process quality excellence across multiple business units.

Other sources of BSC power
Other Balanced Scorecard applications such as strategy mapping, sharpening strategic themes, or strategy reverse engineering might also have a powerful effect on corporate governance and on how corporate strategy is executed.
Find out more information on:
Strategy Maps
Sharpening Strategic Themes
Strategy Reverse Engineering

Build Disciplined Execution for your Company Strategy
www.ScorecardPartner.com

Corporate strategy-and-alignment-1233303299802360-3

by kumislintang

Accessibility

Categories

Upload Details

Usage Rights

Statistics

Corporate strategy-and-alignment-1233303299802360-3 Presentation Transcript