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8 Cards in this Set

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  • Back
Balanced Scorecard Principle #1 (Building a Strategy Focused Organization)
Mobilize Change Through Executive Leadership - 1. Establish a sense of urgency 2. Create a leadership team 3. Develop the vision and strategy
Balanced Scorecard Principle #2 (Building a Strategy Focused Organization)
Translate Strategy into Operating Terms - Strategy Map
Balanced Scorecard Principle #3 (Building a Strategy Focused Organization)
Align The Organization with the Strategy
Balanced Scorecard Principle #4 (Building a Strategy Focused Organization)
Make Strategy Everyones Job - 1. Communication and education 2. Personal alignment 3. Incentive Compensation
Balanced Scorecard Principle #5 (Building a Strategy Focused Organization)
Make Formulating Strategy a Continual Process - 1. Link strategy to the budgeting process 2. Management meeting to review strategy 3. Test hypotheses of strategy
Strategy Map (Building a Strategy Focused Organization)
Defines architecture of the strategy - financial perspective of the shareholder, defines long term indicators of success, and divides into long term (growth) and short term (productivity)
Three types of value propositions (Building a Strategy Focused Organization)
1. Price 2. Relationship 3. Innovation
Generic Processes of the value chain of an organization (Building a Strategy Focused Organization)
1. Innovation 2. Customer Management 3. Operations/Logistics 4. Regulatory/Society