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From Strategy to Execution

From Strategy to Execution. 9 th Pacific Water Conference and Expo - Tonga 9 th – 12 th august 2016. Without execution strategy is aimless , Without strategy execution is useless. – Morris Chang CEO of TMSC. WHY A BALANCED SCORECARD?. The Rise of Intangible Assets in Value Creation

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From Strategy to Execution

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  1. From Strategy to Execution 9th Pacific Water Conference and Expo - Tonga 9th – 12th august 2016

  2. Without execution strategy is aimless,Without strategy execution is useless – Morris Chang CEO of TMSC

  3. WHY A BALANCED SCORECARD? • The Rise of Intangible Assets in Value Creation • Financial Measurement and Its Limitations • Not consistent with today’s business realities • Driving by rear view mirror • Tendency to reinforce functional silos • Sacrifice long-term thinking • Financial measures are not relevant to many levels of the organization • Strategy Execution is Everything

  4. What is a Balanced Scorecard? • Tool that balances the historical accuracy and integrity of financial numbers with the drivers of future financial success • Tool that provides both visibility and insight into intangible assets • Tool that is proven to help organizations successfully combat and overcome the barriers of strategy execution

  5. An Integrated Strategic Planning and Performance Management System that: • Communicates with clarity the organization’s vision mission and strategy to employees and stakeholders • Aligns the day-to-day work to strategy and vision • Provides a framework for prioritizing programs, projects, services, products and resources • Use strategic performance measures and targets to measure progress

  6. How to use A Balanced Scorecard? • Communication Tool • Measurement System • Strategic Management System • Major Change Initiative

  7. CRITICAL SUCCESS FACTORS • Mobilize Change through Engaged Leadership • Make Strategy a Continual Process • Make Strategy Everyone’s Job • Align the Organization to the Strategy • Translate the Strategy into Operational Terms

  8. Benefits of using a balanced scorecard • Demonstrate Accountability and Generate Results • Improving Performance Against the Mission • Attract Scare Resources (Funding & Talent) • Create a Focus on Strategy • Self-Preservation • Drive Change • Inspire Trust

  9. Q&A

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