Entries by StrategyDriven

Strategic Planning Best Practice 2 – Prioritize the Mission

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Ideally, an organization’s mission statement would convey a singular purpose. However, mission statements often enumerated several purposes, such as creating shareholder value, contributing to the community, and offering workforce prosperity. When this occurs, organizations struggle to serve multiple masters. Prioritizing the mission establishes the relative importance of an organization’s multiple purposes; focusing decisions and driving […]

Strategic Planning Best Practice 1 – Make the Mission Measurable

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An organization’s mission statement defines its purpose, its reason for being. These statements, however, tend to be broad and somewhat vague; making it difficult to identify the specific products, services, initiatives, and people that will most directly enable the organization to achieve its purpose. Making the mission measurable provides the added clarity needed to focus […]

Horizontally Shared

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StrategyDriven Organizational Performance Measures Best PracticeWell-constructed performance measurement systems provide a means of comparison between various products, services, and business units by ensuring relevant measures are horizontally shared across the organization.

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Vertical Cascading

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StrategyDriven Organizational Performance Measures Best PracticePerformance measurement systems should be anchored on the single measure of organizational success (defined by the organization's mission) and vertically cascaded down through the organization  Each successive measurement tier becomes more specific than its predecessor with the lowest tier describing individual contributor behaviors and resulting outcomes.

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StrategyDriven Strategic Planning Forum

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A company’s true value is largely determined by its long-term performance potential as shaped by management’s decisions made today. These decisions guide the translation of the company’s mission, its purpose for existing, into the products and services it provides and hopefully the market wants. Strategic planning is an iterative, ongoing process consisting of: Analysis: assessment […]