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Measuring Strategy Implementation

Articles 18 Apr 2013

Implementation depends on having the right measures in place to track the new strategy and then leveraging the measure to manage the implementation and the business.

In the last 20 years, business has dramatically improved the methodology for identifying strategic objectives and measures. Specifically, the work of Robert Kaplan and David Norton on the Balanced Scorecard has significantly moved measures forward.

At the start of an implementation, leaders can create a Strategy Map and a Balanced Scorecard. A sample approach in this article shows how to achieve this. Leaders then use strategic objectives and measures to know if they are succeeding or not and to take corrective action.

Common pitfalls can be avoided by adopting the 10 best practices.     

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