The achievement of an organization’s strategy using the Balanced Scorecard is through the identification and execution of select strategic initiatives. Most Balanced Scorecard methodologies do not have a well-defined process for prioritizing and selecting from amongst the possible strategic initiatives and also do not have a well-define methodology for managing …
How to Handle a Large Number of Strategic Objectives
A previous post identified seven areas where the Balanced Scorecard (BSC) and Lean Six Sigma (LSS) need each other. The first item on the list has to do with defining strategic objectives. This is, obviously, a crucial component of defining an organization’s strategy. If the strategic objectives are ill-defined and …