--- title: Balanced Scorecard and Strategic Planning Guidance | Business Strategy (2) description: Business Strategy | Balanced Scorecard advice, best practices, and insights from the originators of the Balanced Scorecard Methodology (2) --- {% set baseFontFamily = "Open Sans" %} /* Add the font family you wish to use. You may need to import it above. */ {% set headerFontFamily = "Open Sans" %} /* This affects only headers on the site. Add the font family you wish to use. 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[ [Balanced Scorecards](https://www.esmgrp.com/blog/topic/balanced-scorecards) [Measures](https://www.esmgrp.com/blog/topic/measures) [Business Strategy](https://www.esmgrp.com/blog/topic/business-strategy) [Strategy Management](https://www.esmgrp.com/blog/topic/strategy-management) [performance management](https://www.esmgrp.com/blog/topic/performance-management) ## [Building a Robust Measurement Culture can be a Challenge, but Well Worth the Effort](https://www.esmgrp.com/blog/building-a-robust-measurement-culture) ](https://www.esmgrp.com/blog/building-a-robust-measurement-culture) [ ## Driving Departmental Performance: A Practical Approach to Cascading Strategy using Custom Scorecards Strategy maps are invaluable tools that help organizations navigate... [Balanced Scorecards](https://www.esmgrp.com/blog/topic/balanced-scorecards) [Business Strategy](https://www.esmgrp.com/blog/topic/business-strategy) [Strategic Planning](https://www.esmgrp.com/blog/topic/strategic-planning) [organization alignment](https://www.esmgrp.com/blog/topic/organization-alignment) [initiative prioritization](https://www.esmgrp.com/blog/topic/initiative-prioritization) ](https://www.esmgrp.com/blog/a-practical-approach-to-cascading-strategy-using-custom-scorecards) [ ## The Formula for “Operationalizing” your Strategy to Ensure Success In working with executives over the past 20+ years, we hear a common story... [Balanced Scorecards](https://www.esmgrp.com/blog/topic/balanced-scorecards) [Business Strategy](https://www.esmgrp.com/blog/topic/business-strategy) [Strategic Planning](https://www.esmgrp.com/blog/topic/strategic-planning) [organization alignment](https://www.esmgrp.com/blog/topic/organization-alignment) [initiative prioritization](https://www.esmgrp.com/blog/topic/initiative-prioritization) ](https://www.esmgrp.com/blog/the-formula-for-operationalizing-your-strategy-to-ensure-success) [ ## How to have a Successful Year by Starting Simple & Staying Focused Using a Balanced Scorecard All too often, senior leaders head into annual strategy discussions... [Balanced Scorecards](https://www.esmgrp.com/blog/topic/balanced-scorecards) [Business Strategy](https://www.esmgrp.com/blog/topic/business-strategy) [Strategic Planning](https://www.esmgrp.com/blog/topic/strategic-planning) [organization alignment](https://www.esmgrp.com/blog/topic/organization-alignment) [initiative prioritization](https://www.esmgrp.com/blog/topic/initiative-prioritization) ](https://www.esmgrp.com/blog/how-to-have-a-successful-year-by-starting-simple-staying-focused-using-a-balanced-scorecard) [ ## How Retail Organizations Use a Top-Down Strategy to Reduce Shrinkage without Decreasing Revenues Shrinkage happens. And, according to the National Retail Federation's [2023...](https://cdn.nrf.com/sites/default/files/2023-09/NRF_National_Retail_Security_Survey_2023.pdf) ](https://www.esmgrp.com/blog/how-retail-organizations-use-a-top-down-strategy-to-reduce-shrinkage-without-decreasing-revenues) [Balanced Scorecards](https://www.esmgrp.com/blog/topic/balanced-scorecards) [Strategic Initiatives](https://www.esmgrp.com/blog/topic/strategic-initiatives) [Business Strategy](https://www.esmgrp.com/blog/topic/business-strategy) [Strategic Planning](https://www.esmgrp.com/blog/topic/strategic-planning) [loss prevention](https://www.esmgrp.com/blog/topic/loss-prevention) [asset protection](https://www.esmgrp.com/blog/topic/asset-protection) [ ## 2023 is Half Over. Is Your Strategy Where You Want it to Be? ## How to Leverage Your Balanced Scorecard to Improve Results and Finish 2023... [Balanced Scorecards](https://www.esmgrp.com/blog/topic/balanced-scorecards) [Business Strategy](https://www.esmgrp.com/blog/topic/business-strategy) [Strategic Planning](https://www.esmgrp.com/blog/topic/strategic-planning) [kpi](https://www.esmgrp.com/blog/topic/kpi) [performance management](https://www.esmgrp.com/blog/topic/performance-management) [organization alignment](https://www.esmgrp.com/blog/topic/organization-alignment) ](https://www.esmgrp.com/blog/2023-is-half-over-is-your-strategy-where-you-want-it-to-be) [ ## Examples of Strategic Initiatives: **Choosing the data you want to collect is fundamental to Balanced Scorecards** [Balanced Scorecards](https://www.esmgrp.com/blog/topic/balanced-scorecards) [Strategic Initiatives](https://www.esmgrp.com/blog/topic/strategic-initiatives) [Business Strategy](https://www.esmgrp.com/blog/topic/business-strategy) ](https://www.esmgrp.com/blog/example-of-strategic-initiatives) [ ## How to Get Your Employees to Understand and Execute Your Strategy Want to Design A Strategy that Your Employees will Understand? Build a... [Balanced Scorecards](https://www.esmgrp.com/blog/topic/balanced-scorecards) [Business Strategy](https://www.esmgrp.com/blog/topic/business-strategy) [Strategy](https://www.esmgrp.com/blog/topic/strategy) [strategy map](https://www.esmgrp.com/blog/topic/strategy-map) [Strategic Alingment](https://www.esmgrp.com/blog/topic/strategic-alingment) [communicating strategy](https://www.esmgrp.com/blog/topic/communicating-strategy) ](https://www.esmgrp.com/blog/how-to-get-your-employees-to-understand-and-execute-your-strategy) [ ## Why our strategy failed (and how we fixed it) If you’ve ever been an avid gym member, you’ve probably dreaded the first... [Strategy Review Meetings](https://www.esmgrp.com/blog/topic/strategy-review-meetings) [Business Strategy](https://www.esmgrp.com/blog/topic/business-strategy) [Strategy Management](https://www.esmgrp.com/blog/topic/strategy-management) ](https://www.esmgrp.com/blog/why-our-strategy-failed) [ ## Status Color Guidelines for Balanced Scorecards Status colors are a critical component of the [Balanced Scorecard](https://www.esmgrp.com/resources/what-is-a-balanced-scorecard). They... ](https://www.esmgrp.com/blog/status-color-guidelines-for-balanced-scorecards) [Balanced Scorecards](https://www.esmgrp.com/blog/topic/balanced-scorecards) [Business Strategy](https://www.esmgrp.com/blog/topic/business-strategy) [Previous](https://www.esmgrp.com/blog/topic/business-strategy/page/1) [All posts](https://www.esmgrp.com/blog/all) [Next](https://www.esmgrp.com/blog/topic/business-strategy/page/3) [![Download your Balanced Scorecard Template](https://no-cache.hubspot.com/cta/default/2256723/faca5081-0dbb-48b2-9dd6-4211e6320adb.png)](http://cta-redirect.hubspot.com/cta/redirect/2256723/faca5081-0dbb-48b2-9dd6-4211e6320adb) ### Share This [![Share on Facebook](https://static.hubspot.com/final/img/common/icons/social/facebook-24x24.png)](http://www.facebook.com/share.php?u=https%3A%2F%2Fwww.esmgrp.com%2Fblog%2Ftopic%2Fbusiness-strategy%2Fpage%2F2%3Futm_medium%3Dsocial%26utm_source%3Dfacebook) [![Share on LinkedIn](https://static.hubspot.com/final/img/common/icons/social/linkedin-24x24.png)](http://www.linkedin.com/shareArticle?mini=true&url=https%3A%2F%2Fwww.esmgrp.com%2Fblog%2Ftopic%2Fbusiness-strategy%2Fpage%2F2%3Futm_medium%3Dsocial%26utm_source%3Dlinkedin) [![Share on Twitter](https://static.hubspot.com/final/img/common/icons/social/twitter-24x24.png)](https://twitter.com/intent/tweet?original_referer=https%3A%2F%2Fwww.esmgrp.com%2Fblog%2Ftopic%2Fbusiness-strategy%2Fpage%2F2%3Futm_medium%3Dsocial%26utm_source%3Dtwitter&url=https%3A%2F%2Fwww.esmgrp.com%2Fblog%2Ftopic%2Fbusiness-strategy%2Fpage%2F2%3Futm_medium%3Dsocial%26utm_source%3Dtwitter&source=tweetbutton&text=Balanced%20Scorecard%20and%20Strategic%20Planning%20Guidance%20%7C%20Business%20Strategy%20%282%29) [![Share on Email](https://static.hubspot.com/final/img/common/icons/social/email-24x24.png)](mailto:?subject=Check%20out%20https%3A%2F%2Fwww.esmgrp.com%2Fblog%2Ftopic%2Fbusiness-strategy%2Fpage%2F2%3Futm_medium%3Dsocial%26utm_source%3Demail%20&body=Check%20out%20https%3A%2F%2Fwww.esmgrp.com%2Fblog%2Ftopic%2Fbusiness-strategy%2Fpage%2F2%3Futm_medium%3Dsocial%26utm_source%3Demail) ### Recent Posts ### Topic Cloud - 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