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Balanced Scorecard Evolution : A Dynamic Approach to Strategy Execution - Paul R. Niven

Balanced Scorecard Evolution

A Dynamic Approach to Strategy Execution

By: Paul R. Niven

eText | 14 July 2014 | Edition Number 1

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To succeed in todays global and ultra-competitive markeplace organizations must demonstrate agility, be capable of organizational change to support agile strategy, and execute flawlessly. This book, in proven step-by-step fashion, takes the reader through each of these critical areas. Agility: In todays world, it is impossible to accurately predict the future, rendering typical strategic plans virtually useless.  Having demonstrated that old-school planning is not consistent with todays realities, this book will clearly outline both the theory and practice of strategic agility, drawing on research and case studies to show how organizations can profit from strategic agility. To ensure the book is practical, readers will be provided with tips and techniques (primarily in the form of questions) to help them become more agile. The ultimate deliverable for the reader is a set of tools that helps them recognize the challenges they face head-on, and craft an executable plan for the future that will ensure they overcome those challenges. Change: Strategy means moving from one place to another. But moving an entire organization is difficult. In researching topics for this book, the vast majority of the authors contacts (fellow consultants, clients, gurus,) suggested that a missing link between strategy and execution is change. We have all witnessed failed attempts at both strategy and execution because leaders were unable to motivate employees to make the behavioral changes necessary to shepherd the new direction to success. As with agility, both the theory and practice of change management are coverd, specifically relating it to strategy and execution. The focus will be on practical steps organizations can take to drive organizational changes, including the cultural shifts necessary to get employees behind a new way of doing business. Case studies and a series of exercises and questions will be provided. Execution: The organization recognizes the necessity of agility and has created a simple plan to move forward in the marketplace. They have taken the necessary steps to drive the change and ensure cultural alignment. Now, in this vital section,the book walks the reader through how to make their plan a reality through objectives, measures, targets, and strategic initiatives. Additionally, and in a novel twist not present in most books, it will address the important topic of how to manage using tools such as the Balanced Scorecard. How both leadership and employees can and must engage with the components of these systems in order to power execution.
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