Execution Excellence: Making Strategy Work Using the Balanced Scorecard - Hardcover

by Sanjiv Anand (Author)

A hands-on guidebook for making your strategy work with effective Balanced Scorecard design, deployment, and maintenance

Execution Excellence is the practitioner's guide to real-world implementation. Designed by a Balanced Scorecard (BSC) thought leader with 30 years of experience and over 300 global implementations under his belt across a range of industry sectors, this guide gives you a hands-on framework for putting the BSC methodology into action. Clear, concise, and easy to read, this book skips the theoretical exposition to get right to the point--how can companies use BSC to effectively deploy strategy and drive individual and enterprise performance? You'll find the answers here. The discussion outlines the ways in which firms commonly fail in implementing BSC. These failures can be traced back to common design and implementation flaws: making the process too complicated and focusing on the BSC process rather than the outcome. The discussion will also cover design optimization across a range of key industry sectors. You'll gain expert insight into avoiding these missteps and the practical tools and perspective you need to implement BSC correctly the first time.

While the Balanced Scorecard framework is widely accepted and praised, about half of firms that implement it fail to realize the full benefits. The fault lies not with the framework, but with the design, and more importantly--execution. This book gives you the information and tools you need to adopt BSC successfully.

• Design a BSC that truly and simply reflects your strategy
• Customize the BSC to reflect your industry's uniqueness
• Define clear measurements and ownership that suit your strategy
• Develop a framework for efficient data collection and reporting
• Implement effective reviews to keep your business on track
• Use your Balanced Scorecard data to close performance gaps

Developed in the early 1990s, the Balanced Scorecard framework has been recognized as one of the most seminal business ideas in the last 75 years. Thousands of companies around the world use BSC to create and maintain a performance-oriented enterprise, yet just as many try and fail. Execution Excellence shows you what you need to know and do to become a BSC success story.

Front Jacket

Successfully executing strategy is the holy grail of business. For years, at least 50% of the firms that have successfully formulated strategy, have struggled to get the execution right. The problem is the same whether it is a small, medium or large enterprise, anywhere on the planet, in any industry. The challenge is compounded in a flat world, where markets and competition have no boundaries.

Sanjiv Anand brings his thirty years of consulting experience of crisscrossing the globe, helping clients across industries, of all shapes and sizes, make strategy work and bring execution excellence to their firms. And the framework he has used is the renowned Balanced Scorecard (BSC) framework, the world's leading strategy execution and performance management system.

This book is less about the theory of the BSC, and more about how to effectively use the BSC to execute strategy based on the over 300 scorecards designed by Anand, and his team. The book covers:

• The relevance of strategy in a flat world. Is it dead?
• Critical components of effective business planning
• A Balanced Scorecard overview
• Getting the BSC design just right - Strategy Map and Balanced Scorecard
• Being practical about objectives, measures, ownership, and target setting
• Getting the BSC execution right - from the first meeting to all the pit falls that follow
• Designing cascade scorecards that align with the corporate scorecard
• Getting individual scorecards right
• Making strategy work for your firm

Most importantly, the book has real world examples of Strategy Maps and Scorecards across 10 different industries, along with case studies of successful implementation of the BSC.

Make strategy work for your business and achieve its greatest potential with Execution Excellence!

Back Jacket

Successfully executing strategy is the holy grail of business. For years, at least 50% of the firms that have successfully formulated strategy, have struggled to get the execution right. The problem is the same whether it is a small, medium or large enterprise, anywhere on the planet, in any industry. The challenge is compounded in a flat world, where markets and competition have no boundaries.

Sanjiv Anand brings his thirty years of consulting experience of crisscrossing the globe, helping clients across industries, of all shapes and sizes, make strategy work and bring execution excellence to their firms. And the framework he has used is the renowned Balanced Scorecard (BSC) framework, the world's leading strategy execution and performance management system.

This book is less about the theory of the BSC, and more about how to effectively use the BSC to execute strategy based on the over 300 scorecards designed by Anand, and his team. The book covers:

• The relevance of strategy in a flat world.Is it dead?
• Critical components of effective business planning
• A Balanced Scorecard overview
• Getting the BSC design just right -Strategy Map and Balanced Scorecard
• Being practical about objectives, measures, ownership, and target setting
• Getting the BSC execution right - from the first meeting to all the pit falls that follow
• Designing cascade scorecards that align with the corporate scorecard
• Getting individual scorecards right
• Making strategy work for your firm

Most importantly, the book has real world examples of Strategy Maps and Scorecards across 10 different industries, along with case studies of successful implementation of the BSC.

Make strategy work for your business and achieve its greatest potential with Execution Excellence !

Author Biography

SANJIV ANAND is the Chairman of Cedar Management Consulting International, a global management consulting firm with over 800 clients and a network of offices worldwide. He is considered a Strategy and Balanced Scorecard thought leader, with more than thirty years of global management consulting experience and 300 Balanced Scorecard designs executed across a wide range of industry sectors. He is a Harvard Business School and NYU Stern Alumnus, and a former YPO Chapter Chair.