Essentials of Strategic Management (4th Edition)by J. David Hunger and Thomas L. Wheelen About the Reference The Essentials of Strategic Management (4th Edition) by J. David Hunger and Thomas L. Wheelen focuses on the founding principles and methods employed in both strategic planning and execution. Topics include strategy formulation, implementation, and control. Benefits of Using […]
Articles in this area highlight the many print, audio, video, webcast, and seminar resources that have significantly contributed to the successful business planning and execution activities of StrategyDriven Contributors. We highlight the topics covered by each resource and why we believe the benefits will outweigh your time investment. Please note that whenever possible, a link is provided […]
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 […]
https://www.strategydriven.com/wp-content/uploads/SDELogo5-300x70-300x70.png00StrategyDrivenhttps://www.strategydriven.com/wp-content/uploads/SDELogo5-300x70-300x70.pngStrategyDriven2007-07-12 18:44:592016-05-13 19:32:08Strategic Planning Best Practice 2 – Prioritize the Mission
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 […]
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Well-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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Performance 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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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 […]
Performance measures serve to align an organization’s efforts to the achievement of its mission. As part of a company’s evaluation and control program, they quantifiably monitor important characteristics of the company’s products and services and the performance of the individuals and processes creating them. Performance measures support managerial decision-making by providing useful information regarding: how […]
Performance measures serve to align an organization’s efforts to the achievement of its mission. As part of a company’s evaluation and control program, they quantifiably monitor important characteristics of the company’s products and services and the performance of the individuals and processes creating them. Performance measures support managerial decision-making by providing useful information regarding: how […]
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Recommended Resource – Essentials of Strategic Management
/in Recommended Resources, Strategic Analysis, Strategic Planning/by StrategyDrivenEssentials of Strategic Management (4th Edition)by J. David Hunger and Thomas L. Wheelen About the Reference The Essentials of Strategic Management (4th Edition) by J. David Hunger and Thomas L. Wheelen focuses on the founding principles and methods employed in both strategic planning and execution. Topics include strategy formulation, implementation, and control. Benefits of Using […]
Recommended Resources – Introduction
/in Recommended Resources/by StrategyDrivenArticles in this area highlight the many print, audio, video, webcast, and seminar resources that have significantly contributed to the successful business planning and execution activities of StrategyDriven Contributors. We highlight the topics covered by each resource and why we believe the benefits will outweigh your time investment. Please note that whenever possible, a link is provided […]
Strategic Planning Best Practice 2 – Prioritize the Mission
/in Strategic Planning/by Nathan IvesIdeally, 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
/in Strategic Planning/by Nathan IvesAn 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
/in Organizational Performance Measures, Premium/by Nathan IvesVertical Cascading
/in Organizational Performance Measures, Premium/by Nathan IvesStrategyDriven Strategic Planning Forum
/in Strategic Planning/by StrategyDrivenA 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 […]
StrategyDriven Organizational Performance Measures Forum
/in Organizational Performance Measures/by Nathan IvesPerformance measures serve to align an organization’s efforts to the achievement of its mission. As part of a company’s evaluation and control program, they quantifiably monitor important characteristics of the company’s products and services and the performance of the individuals and processes creating them. Performance measures support managerial decision-making by providing useful information regarding: how […]
StrategyDriven Organizational Performance Measures Forum
/in Organizational Performance Measures/by StrategyDrivenPerformance measures serve to align an organization’s efforts to the achievement of its mission. As part of a company’s evaluation and control program, they quantifiably monitor important characteristics of the company’s products and services and the performance of the individuals and processes creating them. Performance measures support managerial decision-making by providing useful information regarding: how […]