Just as a well-developed organizational performance measurement system helps align an organization to the efficient achievement of its goals, a misaligned performance measurement system diverts focus and resources toward non-value-adding activities. Over time, existing projects finish and new initiatives begin; requiring performance measures within the system be changed. While these alterations are intended to support continued, effective business operation, they are often performed without a holistic view of the system and may have unintended adverse impacts. Therefore, it is prudent to conduct a holistic performance measurement system evaluation with frequency that is regular enough to minimize the damage misalignment can cause without being so frequent as to become overly burdensome.
“The greatest mistake you can make in life is to be continually fearing you will make one.” Elbert Hubbard (1856 – 1915) American writer, publisher, artist, and philosopher
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Built to Sell: Creating a Business That Can Thrive Without You by John Warrillow About the Reference Built to Sell by John Warrillow highlights the many factors preventing business owners from successfully transitioning away from their companies and how to resolve this situation. All too often, business founders embed themselves within the operational fabric of […]
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All organizations are resource limited and it is this limitation that forces executives and managers to become effective at prioritizing the deployment of company assets or risk marketplace failure. This reality places effective resource management at the heart of what it means to be a StrategyDriven organization – the deployment of organizational resources for the optimal achievement of mission goals.
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Maintaining compliance with regulatory requirements, industry guidelines, and organizational commitments is the responsibility of every employee. Compliance typically occurs on a day-to-day basis through the performance of common policies, processes, and procedures. Subsequently, most organizations embed the actions necessary to achieve compliance within their instructional manuals. Ensuring these actions are both followed and remain in place over time is key to a successful compliance program.
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StrategyDriven Podcasts focus on the tools and techniques executives and managers can use to improve their organization’s alignment and accountability to ultimately achieve superior results. These podcasts elaborate on the principle, best practice, and warning flag articles found on the StrategyDriven website. Episode 4 – Employee Engagement: Untapped bottom line potential explores the principle components […]
No two individuals are exactly alike; therefore, each uniquely contributes to the organization. Subsequently, it is reasonable to expect that each individual’s efforts will result in a unique value contribution to the organization. In the accountable organization, this value is proportionately rewarded. Thus, no two individuals should expect to consistently receive the same reward outcomes.
Creative Thinkering: Putting Your Imagination to Work by Michael Michalko About the Reference Creative Thinkering by Michael Michalko provides readers with actionable methods to tap into and broaden their natural creativity. Aimed at those who question their imaginative abilities, Michael reveals a systematic approach to generating new ideas through the association of two or more […]
Most think of risk management as an insurance policy, the price paid to help prevent potentially negative outcomes. Such a view leads to the conclusion that risk management is a business expense with a highly subjective value proposition. Risk management, however, offers companies a great deal of value and StrategyDriven would suggest the insurance view is far too narrow. Instead, effective risk management enables a business to accelerate its operations and market entry, to become more aggressive, an approach that in today’s fast paced marketplace environment is immeasurably valuable.
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Annual Alignment Review
/in Organizational Performance Measures, Premium/by StrategyDrivenJust as a well-developed organizational performance measurement system helps align an organization to the efficient achievement of its goals, a misaligned performance measurement system diverts focus and resources toward non-value-adding activities. Over time, existing projects finish and new initiatives begin; requiring performance measures within the system be changed. While these alterations are intended to support continued, effective business operation, they are often performed without a holistic view of the system and may have unintended adverse impacts. Therefore, it is prudent to conduct a holistic performance measurement system evaluation with frequency that is regular enough to minimize the damage misalignment can cause without being so frequent as to become overly burdensome.
Leadership Inspirations – Fear of Mistakes
/in Leadership Inspirations/by StrategyDriven“The greatest mistake you can make in life is to be continually fearing you will make one.” Elbert Hubbard (1856 – 1915) American writer, publisher, artist, and philosopher
Recommended Resource – Built to Sell
/in Recommended Resources/by StrategyDrivenBuilt to Sell: Creating a Business That Can Thrive Without You by John Warrillow About the Reference Built to Sell by John Warrillow highlights the many factors preventing business owners from successfully transitioning away from their companies and how to resolve this situation. All too often, business founders embed themselves within the operational fabric of […]
Resource Management – Value of Effective Resource Management
/in Premium, Resource Management/by StrategyDrivenAll organizations are resource limited and it is this limitation that forces executives and managers to become effective at prioritizing the deployment of company assets or risk marketplace failure. This reality places effective resource management at the heart of what it means to be a StrategyDriven organization – the deployment of organizational resources for the optimal achievement of mission goals.
Risk Management Best Practice 3 – Procedure Annotation and Commitment Tracking
/in Premium, Procedure Development, Risk Management/by StrategyDrivenMaintaining compliance with regulatory requirements, industry guidelines, and organizational commitments is the responsibility of every employee. Compliance typically occurs on a day-to-day basis through the performance of common policies, processes, and procedures. Subsequently, most organizations embed the actions necessary to achieve compliance within their instructional manuals. Ensuring these actions are both followed and remain in place over time is key to a successful compliance program.
Leadership Inspirations – Experience
/in Leadership Inspirations/by StrategyDriven“The trouble with using experience as a guide is that the final exam often comes first and then the lesson.” Anonymous
StrategyDriven Podcast Video Edition 4 – Employee Engagement: Untapped bottom line potential
/in StrategyDriven Podcast - Video Edition/by StrategyDrivenStrategyDriven Podcasts focus on the tools and techniques executives and managers can use to improve their organization’s alignment and accountability to ultimately achieve superior results. These podcasts elaborate on the principle, best practice, and warning flag articles found on the StrategyDriven website. Episode 4 – Employee Engagement: Untapped bottom line potential explores the principle components […]
Organizational Accountability Warning Flag 1 – Equality of Outcomes
/in Organizational Accountability, Premium/by StrategyDrivenNo two individuals are exactly alike; therefore, each uniquely contributes to the organization. Subsequently, it is reasonable to expect that each individual’s efforts will result in a unique value contribution to the organization. In the accountable organization, this value is proportionately rewarded. Thus, no two individuals should expect to consistently receive the same reward outcomes.
Recommended Resource – Creative Thinkering
/in Innovation, Recommended Resources/by StrategyDrivenCreative Thinkering: Putting Your Imagination to Work by Michael Michalko About the Reference Creative Thinkering by Michael Michalko provides readers with actionable methods to tap into and broaden their natural creativity. Aimed at those who question their imaginative abilities, Michael reveals a systematic approach to generating new ideas through the association of two or more […]
Risk Management – Value of Effective Risk Management
/in Premium, Risk Management/by StrategyDrivenMost think of risk management as an insurance policy, the price paid to help prevent potentially negative outcomes. Such a view leads to the conclusion that risk management is a business expense with a highly subjective value proposition. Risk management, however, offers companies a great deal of value and StrategyDriven would suggest the insurance view is far too narrow. Instead, effective risk management enables a business to accelerate its operations and market entry, to become more aggressive, an approach that in today’s fast paced marketplace environment is immeasurably valuable.