Balanced Scorecards

"90 percent of organizations fail to execute their strategies"
David Norton, Balanced Scorecard Report

The problem: Using the Balanced Scorecard to drive strategy execution

All large organizations spend significant time and effort on making strategies. Tools such as Balanced Scorecards and Strategy Maps enjoy widespread usage. But only a small number of organizations translate their strategies into results.

Why is this?

Balanced Scorecards, Strategy Maps, and Key Performance Indicators need to be linked to execution - there needs to be a flow down of objectives and a feedback of results. In short, there needs to be connection and there needs to be a cycle.

Without proper connection and alignment the management challenge is overwhelming. The relative simplicity of a Strategy Map and associated Scorecards lead to hundreds, if not thousands, of interrelated projects and programs. All of these need to be defined, prioritized and resourced.

Execution is often spread across many countries, divisions and levels within the overall enterprise. It's not surprising that the result is often confusion and inertia.

Success depends on:

-    driving these programs to completion;
-    spotting and correcting problems in their implementation;
-   quick reactions to changes in the competitive environment that may redefine requirements and objectives.

i-nexus' solution

With i-nexus in place, planning and execution of strategy becomes a true closed-loop process:

 

• -    Powerful strategy mapping, scorecarding and objective deployment features ensure effective alignment at every level in the organization.
• -    Deep portfolio, project and resource management capabilities provide the tools needed to drive project execution.
• -   Unprecedented 'line-of-sight' into execution is coupled with real-time feedback on business performance enabling top management to react quickly and effectively to changes in their business environment.

i-nexus' Balanced Scorecard solution offers:

-    i-nexus Enterprise Alignment Edition - powerful project and resource management functionality, with advanced knowledge management capabilities
-    out-of-the-box configuration - infrastructure and reports built around the Balanced Scorecard framework
-    rapid deployment - i-nexus driving benefits in as little as 15 days
-    a choice of support services according to the demands of your deployment
-    value optimization strategies which deliver results in as little as 3 months.

Find out more

-    download the datasheet
-    arrange a guided demo
-    speak to our team for more details.