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Balanced Scorecard step 2 is to create or review/update
organizational strategy.
Review Organization Strategy
Strategy simply tells you how you plan to reach
your goals. This is not meant to be an extensive explanation of
strategy. We want to emphasize that you need to create and/or review and
update your strategy.
Balanced Scorecard Strategy for Public & Private Companies
- Reduce expenses
- Increase research & development
- Acquire other companies
- Reduce assets
- Adopt Activity Based Management, Six Sigma, Lean
- Consolidate
- Outsource
- Sell more to current customers
- Enter a new customer segment
- Eliminate unprofitable customers
- Eliminate unprofitable products and services
- Add more sales people
- Expand internationally
Balanced Scorecard Strategy for Government & Non-Profit
Organizations
- Increase number of volunteers
- Increase number of fundraising events
- Better train our employees
- Provide teacher bonuses based on percentage of students who pass
national test
- Provide discounted public transportation tickets to the poor
- Increase staff to perform more fire safety inspections
- Create program to involve community in reporting drug selling
- Increase educational opportunities for military enlistees
- Increase federal funding of college loans
Strategy usually does not change in big ways on a year to year basis.
Call John Antos or Steve Peacock at972.980.7407 to discover how the
Balanced Scorecard can help you reach your goals and give you peace of mind
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