4 min read
Bridging the Strategy-Execution Gap: Why Strategy Maps Are Your Secret Weapon
Have you ever found yourself in a meeting where leaders enthusiastically present a new strategic plan, only to watch it...
What is a Balanced Scorecard?
What is a Strategy Map?
What is a Strategic Objective?
What is a Strategic Initiative?
What is a Strategy Meeting?
What is a Strategic KPI?
Where are you in your strategy journey?
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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.
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
