After strategies are formulated, Strategy Gate helps you execute through Balanced Scorecard deployment, strategy mapping, performance measurement, cascading alignment, and strategic initiatives.
Balanced Scorecard (BSC) enables CEOs and other executives to turn strategic vision into tactical execution, easily sharing data across departments and business units, and cultivating company-wide involvement in strategic execution. Strategy Gate helps your organization provide a complete performance management system to monitor the overall health of strategy.
A strategy map is a diagram that shows your organization's strategy on a single page — ideal for quickly communicating big-picture objectives to everyone within the organization. Strategy mapping is a tool created by Balanced Scorecard pioneers Robert S. Kaplan and David P. Norton. It allows organizations to describe and communicate their strategies and serves as the basis for financial and non-financial BSC measures used to monitor strategy execution and performance. Strategy Gate helps organizations develop a powerful strategy map built on strategic themes such as growth or productivity.
Performance refers to output results and their outcomes obtained from processes, products, and services that permit evaluation and comparison relative to goals, standards, and past results. Performance can be expressed in non-financial and financial terms. Balanced Scorecard is one of the most popular performance measurement tools. No manager can ignore the bottom line — a key lagging indicator — but you need a balanced scorecard to measure how you have been doing, how well you are doing now (current indicators), and how well you can expect to do in the future (leading indicators). Strategy Gate helps understand and select the most appropriate performance measures and supports the challenge of matching and aligning measures with business strategy, structures, and corporate culture.
After completing your organization's strategic plan, aligning every division and department around that plan and cascading your strategy throughout the organization is your next step. Strategy Gate helps align objectives to departments and staff vertically and across the services life cycle horizontally.
Strategic initiatives are the means through which an organization translates its vision and objectives into practice. To stay ahead of the competition, organizations need to systematically build a portfolio of strategic initiatives aligned with top strategic priorities. Strategy Gate helps gain insights into what drives successful execution of strategic initiatives and execute an implementation plan within a short or long time-frame.
