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When in a Blue Ocean: Beware of the Sharks
Three essential elements to consider when a Blue Ocean becomes a Red Ocean.
Does Your Team Have the Skills Needed for Successful Strategy Execution?
The success of the organization is dependent upon the human capital element of your organizational capacity.
The One Thing We Forgot to Communicate in Our Strategic Plan Rollout
One thing leaders tend to forget to communicate during the strategy rollout can impact the execution of the strategic plan.
Higher Education Strategy Considerations
Effective strategic planning is vital to success in today’s fiercely competitive and dynamic environment of Higher Education institutions.
HOME ALONE: Strategy Lessons from an 8-year old
The classic Christmas comedy, Home Alone, contains several important strategy lessons.
The Balanced Scorecard and Risk Management
Does the Balanced Scorecard help to manage risk and if so how?
KPI Development: When to Use Ratios
Beginners in the KPI space often make the mistake of developing raw count measures where ratios would be more meaningful.
The ABCs of Strategy
If your organization is serious about strategy, its own glossary of strategic terms associated with and utilized by your organization concerning strategic elements must be established.
COVID-19 Strategies to Consider
Regardless of how an organization deals with changing circumstances, it must know where it is going and needs a strategy to define how it will arrive at its destination.
4 Ways Your KPIs Remind Me of Our New Puppy
After welcoming a new puppy to our home recently, I realized that there are several similarities between a new puppy and the challenges that my KPI clients face.
Contact us to find out how we can help your organization focus on strategy and improve performance.
Balanced Scorecard Software: Simplify Strategy Execution
Managing strategy effectively requires more than just spreadsheets and reports. Balanced Scorecard software helps organizations track performance, align teams, and make data-driven decisions—all in one place.
Why Use Balanced Scorecard Software?
Many organizations struggle with strategy execution because of:
❌ Lack of visibility – Teams don’t have a clear picture of progress.
❌ Disorganized tracking – Data is scattered across spreadsheets and reports.
❌ Misalignment – Goals and initiatives are disconnected from strategy.
The right Balanced Scorecard software solves these challenges by providing a structured, automated system to manage strategy efficiently.
Key Features of Balanced Scorecard Software
1. Strategy Mapping & Visualization
📌 Create interactive Strategy Maps to see how objectives connect.
📌 Ensure clear cause-and-effect relationships between goals.
📌 Align your team around a shared strategic vision.
2. Performance Measurement & Dashboards
📊 Track Key Performance Indicators (KPIs) in real time.
📊 Use custom dashboards for quick insights.
📊 Automate reporting to reduce manual data entry.
3. Goal & Initiative Management
✅ Link initiatives and projects to strategic objectives.
✅ Assign responsibilities and track progress.
✅ Ensure alignment between departments and leadership.
4. Automated Reports & Alerts
📢 Get real-time alerts on performance changes.
📢 Generate custom reports with just a few clicks.
📢 Ensure timely decision-making with up-to-date data.
5. Collaboration & Communication Tools
🤝 Foster team collaboration by sharing goals and updates.
🤝 Encourage accountability with role-based access.
🤝 Improve alignment across departments, locations, and teams.
Benefits of Using Balanced Scorecard Software
🚀 Increased Efficiency – Automate reporting and save time.
📈 Better Decision-Making – Access real-time insights.
🎯 Stronger Alignment – Ensure all teams work toward shared goals.
🔍 Improved Transparency – Provide leadership with clear performance data.
Choosing the Right Software
The Balanced Scorecard Institute formally recommends the Spider Impact, developed by Spider Strategies and co-marketed by the Institute, but also advises clients on the many excellent software options available, many of which are also partners of the Balanced Scorecard Institute. When selecting a Balanced Scorecard solution, consider:
✔ Ease of Use – Is it intuitive for your team?
✔ Customization – Can you tailor it to your organization’s needs?
✔ Integration – Does it connect with existing systems?
✔ Scalability – Can it grow with your organization?
Need help selecting the right software? Our team can guide you!
Get Expert Guidance & Support
The Balanced Scorecard Institute helps organizations implement the right tools and strategies for success. Whether you need software selection advice, implementation support, or training, we’re here to help.
📌 Training & Certification – Learn to optimize your Balanced Scorecard.
📌 Consulting Services – Get expert guidance on strategy execution.
📌 Software Support – Choose and implement the best system for your needs.
🔹 Ready to improve your strategy execution? Contact us today to explore your options!
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There are hundreds of balanced scorecard and/or performance management automation solutions available. Some of the options are specifically dedicated to performance management and/or the balanced scorecard, while others are designed for business intelligence, analytics or data warehousing but have modules dedicated to performance management.
