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Download90% of business strategies fail due to poor execution, according to Business 2 Community, which means effectivestrategy maps are especially important for the ultimate success of a business. With our Strategy Maps with Balanced Scorecard collection, you can document and hone in on your priorities, as well as visualize your organization's plans implementation, so that all team players understand how to work together and know where they fit in.
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DownloadTo create greater long-term value for shareholders, the business must constantly work on improving its revenue growth and productivity. Use slides, such as this one, if you need a specific map for financial measures and drivers.
Bottlenecks and a lack of clarity hide opportunities for process improvement. Process mapping, on the other hand, helps to gain more visibility into operations. This slide lets you easily create and share process map with your team.
Take advantage of the Balanced Scorecard indicator dashboard. Note that the dashboard is adopted more to operations, so in it, the process starts with the determination of pertinent metrics and control of their value.
Michael Gunther, the founder of Collaboration Business Consulting, suggests keeping in mind the following when mapping out your strategy:
Nike uses strategy maps to incorporate leadership responsibility into its day-to-day business practices. "As we try to integrate corporate responsibility, it's really about systematic change in terms of how we do our contract manufacturing and the decisions that go into it," Lee Weinstein, Nike's spokesperson told Strategy Maps with Balanced Scorecard.
Questions and answers
As a part of the initiative, Nike implemented a Balanced Scorecard strategy approach, which means that contract manufacturers are being evaluated based on health and safety, as well as environmental and labor-management standards. Although Nike reviews its unique balanced scorecard criteria monthly, the company Director of Global Apparel and Corporate Responsibility, Mike McBreen, admits that the most challenging part of the process is establishing the performance measures. "We are communicating the set of measures by which we hold ourselves accountable," McBreen said. And in one of his corporate responsibility newsletters, McBreen wrote that business partners meeting Nike's goals will witness increased, higher-margin business and industry recognition for better performance.
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