Getting started with Balanced Scorecards?

Everything you need to know to get rolling.

Balanced-Scorecard-Perspectives-min

The Balanced Scorecard is a proven strategic methodology that drives value for organizations of all types and sizes.

 

Here are some of the most common questions that people ask us about Balanced Scorecards.

What is a Balanced Scorecard?

get the answer green transparent

What is a Strategy Map?

get the answer green transparent

What is a Strategic Objective?

get the answer green transparent

What is a Strategic Initiative?

get the answer green transparent

What is a Strategy Meeting?

get the answer green transparent

What is a Strategic KPI?

get the answer green transparent

What is a Balanced Scorecard?

At the highest conceptual level, the Balanced Scorecard is a framework that helps organizations translate strategy into operational objectives that drive behavior and performance.

learn more

Balanced-Scorecard-Perspectives-min

 

Strategy Map and Pyramid

 

What is a Strategy Map?

A strategy map translates the organizational vision into concrete, actionable objectives. The strategy map acts as the "title page" for your strategy meetings, providing a broad direction that can easily be communicated as a one-page document.

learn more

 

What is a Strategic Objective?

Strategic Objectives are action statements that provide a broad strategic direction for the organization. A well-crafted Internal Process Objective might sound something like, “Execute proactive and consistent account management.”

 

strategic-objective-diagram

 

Where are you in your strategy journey?

With 25+ years working with customers to craft and execute winning strategies, ESM has a tons of valuable experience.

 Explore our workshops, training and implementation services designed to help you rapidly apply strategy principles and achieve breakthrough results!

 

Learn More

vision-valuegap-strategy-LARGE

 

 

What is a Strategic Initiative?

A Strategic Initiative is an investment of resources dedicated to accomplish an organizational Objective.  They are clearly scoped change projects that close the gap between the current and desired performance levels.

learn more

 

What is a Strategy Review Meeting?

How do you run a strategy review meeting? Regular reviews of your business strategy are the critical mechanism that ensures time spent formulating your strategy was not wasted.  These meetings set a recurring cadence to review performance and empower the team to take the next step of execution. 

learn more

 

strategy review timeline

 

3 steps to successful measrues cta thumbnail

Get My Copy

What is a strategic KPI?

Strategic Key Performance Indicators are the quantitative illustration of an Objective’s performance. KPIs help answer the question, “Are we accomplishing our Strategic Objective?” By defining the KPIs and their respective targets, the organization:

  • Clearly defines success
  • Provides means to monitor objective progress
  • Drives behavior towards a desired target

 

down-arrow-blogs-1

ESM Featured Blogs
4 min read

Mastering the Balance of Short-term Operations and Long-term Strategic Goals

Sep 3, 2024 by Chris Senio

In today's fast-paced business environment, companies face a constant challenge: managing day-to-day operations while...
3 min read

Using Dashboards for Strategy Review Meetings

Aug 7, 2024 by Mo Marchart

Preparing for Strategy Review Meetings (SRM) takes time. As a Strategy Manager, you must gather the necessary data,...
2 min read

Building a Robust Measurement Culture can be a Challenge, but Well Worth the Effort

May 8, 2024 by Chris Senio

Some leaders, teams, and individuals may be resistant to increased measurement and performance tracking within their...

footer-swoosh