{"id":28911,"date":"2016-03-24T10:18:04","date_gmt":"2016-03-24T14:18:04","guid":{"rendered":"https:\/\/balancedscorecard.org\/staging\/?p=28911"},"modified":"2022-08-23T10:54:06","modified_gmt":"2022-08-23T14:54:06","slug":"how-did-i-get-an-mba-without-learning-this","status":"publish","type":"post","link":"https:\/\/balancedscorecard.org\/staging\/blog\/how-did-i-get-an-mba-without-learning-this\/","title":{"rendered":"How Did I Get an MBA Without Learning This?"},"content":{"rendered":"<p>[et_pb_section fb_built=&#8221;1&#8243; _builder_version=&#8221;3.22&#8243;][et_pb_row _builder_version=&#8221;3.25&#8243; background_size=&#8221;initial&#8221; background_position=&#8221;top_left&#8221; background_repeat=&#8221;repeat&#8221;][et_pb_column type=&#8221;4_4&#8243; _builder_version=&#8221;3.25&#8243; custom_padding=&#8221;|||&#8221; custom_padding__hover=&#8221;|||&#8221;][et_pb_text _builder_version=&#8221;4.1&#8243;]<\/p>\n<p>Most MBA programs pride themselves as being the \u201dpractical\u201d degree that will best prepare its students for any number of management roles. And I have to admit that I can point to that degree as a true turning point in my career. But it wasn\u2019t until I became a Balanced Scorecard Professional (BSP) that I learned several principles that I have found to be key to being a good manager and leader. <img loading=\"lazy\" decoding=\"async\" class=\"alignright size-medium wp-image-28912\" src=\"https:\/\/balancedscorecard.org\/staging\/wp-content\/uploads\/2017\/11\/Business-Woman-in-Class-300x200.jpg\" alt=\"\" width=\"300\" height=\"200\" \/><\/p>\n<h4><span style=\"color: #1c5877;\"><strong>Help your team articulate a shared vision<\/strong><\/span><\/h4>\n<p>Many managers and leaders think that the key to success is to have a clear vision. But vision that is poorly articulated (or not at all) is just a dream. And simply dictating the vision to employees usually doesn\u2019t work either. Change doesn\u2019t happen because \u201cI said so\u201d or by assigning tasks without any context. Employees engage when they understand what we are trying to accomplish and why. Shared vision and change management happen through dialog, facilitation, and the development of a logical business case.<\/p>\n<h4><strong><span style=\"color: #1c5877;\">Connect the dots between what employees are working on and desired outcomes<\/span><\/strong><\/h4>\n<p>A good supervisor makes sure that employees are completing their tasks. A good leader makes sure that employees are working on and completing tasks that move the organization toward a shared vision of the future. BSPs have been taught to articulate the difference between mission, vision, and strategy. They know how to organize their energy, measurements, and initiatives around a set of coherent strategic objectives. They know that many people are visual learners and so they use a strategy map to communicate how the dots connect. They know how to align department objectives with high level strategy and communicate to employees where they fit.<\/p>\n<h4><span style=\"color: #1c5877;\"><strong>Measure results (not just actions)<\/strong><\/span><\/h4>\n<p>Most managers know to measure project milestones as indicators of success, and unfortunately many strategic planners use this basic principle for KPI development. They define a handful of goals (e.g. Improve Brand Awareness), list all of the projects needed to reach those goals (e.g. website redesign), and then measure the completion of those projects as a measure of success (e.g. percentage of website redesign completed). Good leaders measure results. A redesigned website is nice, but I should be much more interested in whether or not it led to improved brand awareness.<\/p>\n<h4><span style=\"color: #1c5877;\"><strong>Develop strategy before KPIs<\/strong><\/span><\/h4>\n<p>The best KPIs in the world won\u2019t help if they are designed to measure a half-baked strategy. The good news is that you don\u2019t have to be a Steve Jobs-type visionary to develop an intuitive strategy by formally assessing your strategic situation and identifying a path forward using common methods like a SWOT, PESTEL, Customer Value Proposition, Blue Ocean Strategy, and other methods.<\/p>\n<p>There are other such principles, such as how to identify drivers of future performance using Perspectives, how to use strategy to prioritize, how to set and reach reasonable performance targets, and many more. If you can think of any others, please add them in the comments section below.<\/p>\n<p>If you are unsure about what a <a href=\"https:\/\/balancedscorecard.org\/staging\/Resources\/About-the-Balanced-Scorecard\" class=\"shortlink shortlink-77\" rel=\"\">balanced scorecard<\/a> or a <a href=\"https:\/\/balancedscorecard.org\/staging\/Training-Certification\/Balanced-Scorecard-Certification\">Balanced Scorecard Professional<\/a> is, please visit our website.<\/p>\n<p>&nbsp;<\/p>\n<p>[\/et_pb_text][\/et_pb_column][\/et_pb_row][\/et_pb_section]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Most MBA programs pride themselves as being the \u201dpractical\u201d degree that will best prepare its students for any number of management roles. And I have to admit that I can point to that degree as a true turning point in my career. But it wasn\u2019t until I became a Balanced Scorecard Professional (BSP) that I [&hellip;]<\/p>\n","protected":false},"author":4,"featured_media":28912,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"on","_et_pb_old_content":"","_et_gb_content_width":"","content-type":"","footnotes":"","_links_to":"","_links_to_target":""},"categories":[1],"tags":[23],"class_list":["post-28911","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized","tag-strategy"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v20.13 (Yoast SEO v23.3) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>How Did I Get an MBA Without Learning This? - Balanced Scorecard Institute<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/balancedscorecard.org\/staging\/blog\/how-did-i-get-an-mba-without-learning-this\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How Did I Get an MBA Without Learning This?\" \/>\n<meta property=\"og:description\" content=\"Most MBA programs pride themselves as being the \u201dpractical\u201d degree that will best prepare its students for any number of management roles. 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