Search results “Measuring performance in the strategic plans”
Establishing Performance Outcomes for Measuring your Strategic Plan
Strategy development should involve establishing measurable objectives with deadlines for future monitoring of its execution. This presentation examines how to develop and use performance measures to achieve strategic goals and objectives, including: turning strategies into measurable objectives; developing meaningful performance measures & targets; how to link results with metrics and strategy; establishing methods for monitoring and updating the plan; and building in measures and methods for updating the strategic plan. Nathan Doidge is the Director of Corporate Planning & Project Management at Health Quality Ontario and is responsible for strategy management, business planning, project management and corporate performance functions. This clip looks at how to identify measures for evaluating your strategic plan, as well as the creation and use of strategy maps.
Views: 439 Federated Press
How to Develop Key Performance Indicators
Your Key Performance Indicators are the vehicle to tell the story of your organization’s strategic performance. Learn how to develop your Key Performance Indicators to manage the performance of your strategic plan. Want more practical tips and insights on strategic planning? Subscribe to our channel here - https://www.youtube.com/channel/UCc5cYNhQ8oYNdjmXBy7Z-ug Download a FREE Complete Guide to Strategic Planning - http://onstrategyhq.com/complete-strategy-guide/ Follow us on Facebook - https://www.facebook.com/OnStrategyHQ/?fref=ts Connect with us on LinkedIn - https://www.linkedin.com/company/onstrategy Connect with Erica Olsen on LinkedIn - https://www.linkedin.com/in/ericajolsen
Views: 101766 virtualstrategist
Lesson 4 3 2 Strategic Performance Measurement Systems
2 Managerial Accounting: Tools for Facilitating and Guiding Business Decisions
Views: 2428 Ryo Eng
Performance Measurement
The Eagle Hill Consulting Management Channel presents a discussion with Jack Dziak on the importance of performance measurement. Jack Dziak is a senior business executive with two decades of experience as the chief strategy executive for several major communications companies, including Sprint and Neustar. Jack has crafted and implemented organization-wide strategic plans and understands the importance of ensuring that they are not only actionable, but also measurable. In this video, Jack Dziak discusses the importance and key success factors of a useful performance measurement system, roadblocks to implementing an effective performance measurement system, and recommendations for organizations thinking about implementing performance measurement across their organization. For more information, please contact us at info@eaglehillconsulting.com.
Views: 8784 EagleHillConsulting
Strategy is Performance - On Interests - Col. Celestino Perez
Strategy is performance. I.e., strategy entails--according to this series--doing four things, including normative evaluation, exercising causal literacy, building coalitions, and canvassing perspectives (via research). This episode allows us to look a bit more closely at what it means to specify interests, ends, aims, objectives, etc. This specification is a fundamental part of normative evaluation. The key point is that specifying interests is not simply as easy as (for Americans) looking at the U.S. Constitution or the National Security Strategy. This episode takes several cuts at what it means to evaluate interests at various levels and from various perspectives. If students in military education are not routinely engaged in robust debates about strategic and military interests (or ends), it becomes difficult to see how these students can become competent at strategic performance. note: ideas I introduce herein come from Jeff Isaac (interests), Hannah Arendt ("for the sake of" aims vs. "in order to" aims), and The Ezra Klein Show podcast (Jonathan Haidt and Lilliana Mason on motivated reasoning). I also refer to Craig Parsons's categories of structural and ideational causal logics, which we will delve into in future episodes
Views: 505 USArmyWarCollege
Operational and Strategic Business Performance
Decisions can have a short- or long-term impact; they can be strategic or operational. Measuring strategic or operational performance might require a different set of key performance indicators (KPIs). You need both: Operational KPIs help to measure the short term performance of an organization, strategic KPIs help to measure the implementation of a long term strategy. This video explains the differences using the picture of driving a car.
Views: 1878 BPMSG
Strategic Planning:  Performance Management
Connecting performance management and strategic planning elements.
Views: 866 Tim Schneider
Seven Competencies to Manage Strategic Performance
Is your strategic plan sitting on the shelf collecting dust? Are you spread too thin with too many priorities that your meetings tend to veer away from strategy to fire-fighting? Are you too slow to respond to change? Does your team focus on activities rather than results? If you answered YES to any of these questions then your leadership team may be struggling with strategic thinking, planning and action. This 30-minute session will focus on the top seven competencies that leadership teams need to build specific strategic management competencies across and down through their teams...competencies that will enable them to develop strategic management techniques that can help their team: • Understand how to become strategy focused • Systematically assess external opportunities and threats • Formulate a clear and achievable desired future state • Think clearly as strategy alternatives are considered and selected • Learn a disciplined approach for reaching performance targets • Use a disciplined process for prioritizing initiatives • Use a strategy execution methodology to sustain focus, alignment and engagement
Strategic Planning for Government Organizations
Strategic Planning for Government Organizations http://www.kayekendrick.com Kaye Kendrick interviews Robert Kaufman on key to creating sustainable performance management framework for governments and enterprises, including key performance measures. Part 1 of 3
Views: 1659 kayekendrick
Communicating Strategy with the Balanced Scorecard
Robert S. Kaplan is the Marvin Bower Professor of Leadership Development, Emeritus at the Harvard Business School.
Monitor/Control Strategic plan
Develop at least three methods to monitor and control your proposed strategic plan, being sure to analyze how the measures will advance organizational goals financially and operationally.
Views: 1047 angel79849
Strategic Incentives - Creating Performance Solutions
According to statistics revealed by Gallup in “State of the American Workplace: Employee Engagement Insights for U.S. Business Leaders,” employers who are able to effectively engage their workers in the organization realize 38% higher productivity, 50% higher sales, 27% higher profits, and 50% higher loyalty levels among customers. This is the reason why so many top U.S. companies continue to invest money in employee incentives, even during challenging economic times. If you are looking for ways to build morale, boost sales, and reward outstanding employees or customers, Strategic Incentives has the workforce solutions and loyalty programs you need. Strategic Incentives is a leading provider of incentive solutions. Services include safety incentives, employee recognition programs, and promotional marketing programs. Their innovative solutions assist clients in the areas of sales, marketing, quality, loyalty, change management, and customer satisfaction. Performance incentives spur motivation and participation in an internal performance improvement plan. Their sales incentives and performance improvement solutions are based on the foundation that your employees and customers are your greatest assets. They are with you every step of the way, from program launch to measurement and feedback. Premiere recognition is a great way to acknowledge standout performances in sales incentive programs. They provide powerful recognition programs that will award, motivate, reward, and/or recognize participating corporate employees, sales team members, and customers. Flexible, high-impact solutions can be devised to raise employee engagement, drive organizational performance, attract and retain top talent, and drive employee success. A worldwide selection of promotional ideas provides the best in customized marketing solutions. Strategic Incentives takes great pride in its ability to provide innovative ideas and to create promotional programs that seamlessly mesh with your existing marketing efforts. Options include promotional products, corporate apparel, and corporate gifts. Their professional approach includes a thorough evaluation of your audience and marketing objectives, development of an effective theme and detailed plan of action, a database search to determine items that will best execute the plan, and overseeing the overall success of the plan. Strategic Incentives is comprised of a team of experts who create and facilitate the most effective incentive programs by focusing on end results. They take corporate strategies into consideration, and combine them with new and unique uses of employee incentives and rewards programs to improve operations internally and boost customer sales. By focusing on maximizing clients’ return on investment, they are able to develop solutions which are molded to fit each individual client organization. All programs are carefully researched and custom-designed to achieve specific business objectives. Visit the Strategic Incentives website at http://StrategicIncentives.com to download a complimentary PDF of “35 Smart Ways To Use Incentive Programs,” and sign up for their e-newsletter to receive the latest information about employee motivation programs. Call 888-686-8116 for more information on sales incentives and promotional marketing.
Introduction to Balanced Scorecard and Measurement tools
The balanced scorecard is a strategy performance management tool - a semi-standard structured report, supported by design methods and automation tools, that can be used by managers to keep track of the execution of activities by the staff within their control and to monitor the consequences
Views: 90886 Maher Akwan
KPI Best Practices
This webinar will discuss developing strategic, operational, project, and organizational capacity KPIs, aligning KPIs to strategy, measuring intangible goals, streamlining measurement and reporting processes, and creating derivative KPIs for employees at all organizational levels. Viewers will learn how to: Improve managers' and employees' perception of the value and importance of measuring performance Lift the skill level of managers and employees in selecting meaningful measures and using those measures to make better informed decision Use KPIs to build individual and collective accountability for results
Strategic Planning for State Government
Strategic plans provide the roadmap to an organization's success. This session will provide attendees with basic information about Strategic Planning. In this webinar, you will learn: -What is strategic planning -Why is it important -What process is followed to develop a strategic plan (i.e. SWOT) -Tactical vs. Strategic planning -The framework of a plan -Key Performance Indicators/Metrics -Measuring performance - Implementation of the Plan Presenter: Bev Augustine Acting Deputy Director, Program and Consumer Services Division, Department of Consumer Affairs For Certificate of Completion, please visit the following link: http://www.calhr.ca.gov/Documents/training-certificate-of-completion.pdf If you have any questions, please contact training@calhr.ca.gov. Phone: (916) 445-1547
Best Practice Tips for Creating Key Performance Indicators
http://www.winningkpi.com/ | What are Key Performance Indicators? Key Performance Indicators (KPIs) are critical success indicators. In other words, they are the proof that your strategies are on the right path, and goals are achieved. However, this alone would be a rather oversimplified definition. Key Performance Indicators are quantifiable measurements, used to analyze organizational performance. The KPIs are aligned with organizational goals and strategies and are used to measure wide range of factors from business performance to employee effectiveness, customer satisfaction, health and safety, security, etc. You will also learn: What are the benefits of using Key Performance Indicators? How do you create effective Key Performance Indicators? 1. Strategic Goals/Success Indicators 2. Measurement Period 3. Measurement Unit 4. Result Interpretation DOs and DON'Ts of Key Performance Indicators
Views: 195379 BSC Designer
Effective Strategic Plans: How Does Yours Measure Up?
Betty Collins, CPA, and Mary Colegate, CPA, give a thorough overview of the importance of nonprofit strategic planning. You can find handouts of this presentation here: http://www.bradyware.com/take-five-conference-2013.
Business Strategy: Kaplan & Norton's Balanced Scorecard
Learn more about the Balanced Scorecard here on the tutor2u website: https://www.tutor2u.net/business/reference?q=balanced+scorecard The Balanced Scorecard approach encourages businesses to analyse and report performance based on four key perspectives - financial, customers, internal processes and organisational capacity. This revision video provides an overview of the Balanced Scorecard model and approach.
Views: 103237 tutor2u
How to use dashboards and performance management in your strategic plan
On March 8th I met with the Team from Envisio Solutions to talk about dashboards and how to use them to transform the effectiveness of your strategic plan. We go through many areas of strategic planning like engaging your team, how to create KPI's , and some of the key components of aligning strategic plans and operational plans. I hope you enjoy it. For a demo of Envisio visit: https://www.envisio.com/sme-strategy
What is Envisio?  - Track Government Plans, Performance Measures and Report on Progress
Envisio (https://envisio.com) is a leading cloud-based strategy implementation, performance management and reporting software that helps government administrators align department operating plans with strategic plan, in one central location. Envisio provides an accountability framework that aligns employee actions with strategic priorities and provides an organization-wide visibility into progress of plans and performance measures. Managers and senior leaders can keep abreast of key initiatives and make informed decisions – all in real time. Envisio saves time with easy to generate stakeholder reports, increases staff engagement and collaboration and provides a framework for building trusted relationships internally and externally.
How to think about and measure nonprofit impact
Measuring the impact of a nonprofit/charity can be a massive challenge. Social change rarely fits into a nice buckets that can be tracked. This video breaks down how to start thinking about nonprofit impact and how to measure it. These three sections represent the larger strategy of the organization, the theory of change, and the practical performance measurement. This outline compresses a lot standard nonprofit planning documents in attempt to distill the mission critical thinking needed to get started. Each area has questions a nonprofit should discuss and answer as a team. 1. Purpose and Intent Determine purpose of the organization. -What is the long term goal? -What need in society drove the creation of this organization? -What would need to happen for us to (successfully) go out of business? 2. Defining Outcomes and Indicators Identify outcomes that demonstrate impact. -What specific changes and outcomes will demonstrate the success you outlined above? -Outline Key Impact Indicators — (warning it’s hard) -What indicators will you use to measure those specific changes? 3. Track indicators over time Choose the methods you will you use to track each indicator. No matter which types of indicators, make sure results are stored in a consistent way in an online database. Tracking and analyzing is an important role, make sure there is someone who’s job it is to do this, preferably a data analyst. Get started measuring impact with our Impact Mapping Template: https://www.wholewhale.com/tips/nonprofit-digital-impact-mapping-template/ More resources: WholeWhale.com/impact ------- Whole Whale is a digital agency that leverages data and technology to increase the impact of nonprofits. In the same way the Inuits used every part of whale, Whole Whale leverages digital resources to see, "What else can this do for us?" ------- Check us out on Facebook : https://www.facebook.com/WholeWhale Tweet us: https://twitter.com/WholeWhale
Views: 9620 WholeWhale
Improving Performance, Scoring Success Using Balanced Scorecards
Go to http://bit.ly/BalancedScorecard_CAP for more info This webinar highlights the release of “Improving Performance, Scoring Success: Using Balanced Scorecards for Organizational Excellence.” Working with the Community Action Partnership, the Balanced Scorecard Institute has created a "do-it-yourself" planning toolkit available free for Community Action Agencies. The Toolkit is based on the Institute's rigorous Nine Steps to Success™ balanced scorecard framework that combines strategic planning, change management, program and service prioritization, performance measurement and target setting. The Toolkit follows the five stages of the ROMA cycle: Assessment, Planning, Implementation, Achievement of Results, and Evaluation. The toolkit is designed to help CAAs not only perform strategic planning, but organize measures and reporting in a way that maps to the six ROMA goals, helps meet National Performance Indicator reporting requirements, and supports participation in the Pathways to Excellence program. The goal is to help Agencies improve their efficiency and effectiveness, and become more strategy focused and aligned.
Corporate Level Strategy
Today we're focused on corporate-level strategy, answering the question, "Where we play and how will we win?". Watch our whiteboard session to understand the different types of strategies you can develop and how you can successfully implement them. Want more practical tips and insights on strategic planning? Subscribe to our channel here - https://www.youtube.com/channel/UCc5cYNhQ8oYNdjmXBy7Z-ug Download the Essentials Guide to Strategic Planning - https://onstrategyhq.com/product/essentials-guide-to-strategic-planning/ Follow us on Facebook - https://www.facebook.com/OnStrategyHQ/?fref=ts Connect with us on LinkedIn - https://www.linkedin.com/company/onstrategy Connect with Erica Olsen on LinkedIn - https://www.linkedin.com/in/ericajolsen
Views: 36368 virtualstrategist
Webinar: Strategy Execution and the Balanced Scorecard
Originally developed as a performance measurement framework, the balanced scorecard has matured into a modern strategic management system for integrating strategy formulation, strategic alignment, and strategy execution. These systems can help any organization achieve better employee alignment, communicate their strategy with clarity, and execute strategy through a strategic operating plan. This webinar will highlight the latest thinking on how existing balanced scorecard frameworks can be transformed into 21st Century strategic management systems, built on employee engagement, measuring what matters, and prioritizing work. In this 30 minute session, you will benefit by learning how to: • Make the BSC your strategic management system • Align strategic plans to operations and budgets • Use the BSC to execute your strategy • Align employees to vision, mission and strategy • Transform your organization into a higher performing entity Use KPIs to measure strategy, operations, and employee performance About The Presenter: Howard Rohm Howard Rohm is the Co-Founder and CEO of the Balanced Scorecard Institute who developed the Institute's Nine Steps to Success™ scorecard methodology in 1997. Balanced scorecard systems built on this methodology have been adopted by government, business, industry, state enterprises, and nonprofit organizations world-wide. Howard will also Chair the Forum and lead a workshop on BSC Performance Management and Measurement in Government and Other Mission-Driven Sectors.
Views: 1570 Informa Middle East
H+T Affordability Index For Planning And Performance Measures Under MAP-21
Communities across the country have used the Center for Neighborhood Technology's (CNT) Housing + Transportation (H+T)® Affordability Index to more fully grasp and act on the relationship between development patterns, transportation behavior and household transportation costs. This training and discussion explored how to effectively use the H+T Affordability Index for performance measures and in support of regional transportation planning under MAP-21. The training was held Sept. 30 in New Orleans, LA, by the Center for Planning Excellence and the Louisiana Public Health Institute and made available via webinar. The two main goals of this session: * To demonstrate how H+T Affordability data and metrics may be used in the development of performance measures for regional transportation plans; and * To explore how MPOs and state DOTs might make effective use of H+T data and metrics for walkability, transit access, employment access and other measures at the neighborhood level. The training was sponsored and organized by Transportation for America (T4A) with funding by the Rockefeller Foundation.
Performance Management & Strategy
Introduction to our Performance Management & Business Planning service for small business
Views: 466 kurt graver
Making the change: Planning, executing and measuring successful business transformation
Short video highlighting the key findings from the Oracle and Forbes Insight research report “Making the change: Planning, executing and measuring successful business transformation”. For the full report go to: www.oracle.com/goto/makingthechange
Strategic Performance Management
Professor Mike Bourne discusses Strategic Performance Management
Strategic Planning and Performance Management Software for Balanced Scorecards - ClearPoint Strategy
ClearPoint Strategy is a cutting edge performance management tool with US based development, support, and security. It is ideal for mission driven organizations who use a Balanced Scorecard but it highly flexible to support any organization with Goals, Objectives, Measures, Metrics, and KPIs, as well as your Initiatives or Strategic Projects. ClearPoint Strategy was originally to meet the needs of nonprofits - ease of use, effectiveness, adaptability, and especially low IT maintenance costs. ClearPoint still delivers on these key requirements, but now ClearPoint can also support even the largest governments and for profit organizations with international languages, currencies, and around the clock support. This video covers the basics but we are happy set up a live demo or offer your organization a 90 day free trial. Contact us at for more information: https://www.clearpointstrategy.com/promo
Views: 5461 AscendantStrategy1
Monthly Budgeting & Forecasting Model
Budgeting and forecasting model is generally used for internal corporate planning, measuring results and performance, and strategic planning.
Discover the power of strategic analysis
Ellucian Institutional Performance Management delivers an institution-wide view of your key performance metrics and objectives across all campuses, departments, enterprise resource planning systems and educational platforms. This unique and intuitive solution turns all strategic intelligence into actionable information you can use to align plans, meet goals, and measure progress.
Views: 972 Ellucian
How to Review Your Strategic Map Develop Your Strategic Plan and Monitor and Track Your Performance
Video 11. In this video you will learn how to review your strategy map, develop your strategic/business plan and monitor and track your progress, using StratPlan. This video also shows you how to print, print to pdf, and email your plans from StratPlan.
The 4 Most Important Financial Metrics
Financial metrics are the key numbers that you can focus on in financial statements. There are three financial statements, the balance sheet, the income statement and the cash flow that we like to look at to find important metrics. http://bit.ly/2xOCmRl Were going to look at some of the most important financial metrics that you as investors can use to evaluate a company. The first important number we look at on the balance sheet is liquidity. Can the company you’re looking at really cover everything that they need to cover in the next year? Or have they somehow overloaded themselves with short term debt and obligations that they could really run out of cash in the next year? In order to evaluate this, we want to look at the current ratio. Essentially it is a measure of working capital. It compares the current assets, which are assets that can be turned into cash in the next year, with current liabilities, which are obligations that have to be paid in the next year. What you want to look for when evaluating a company is a 2:1 ratio of liquidity to debt. Some companies are very well run that have a lower ratios than that, because they are controlling their cash very well, or they are in an industry that isn’t growing fast so they don’t need as much liquidity. These companies work their capital down so they don’t need as much cash on hand all the time and they can give that money to their shareholders. You will know that these companies are very well run because, they are really big companies. Most companies, particularly smaller companies need at least a 2:1 ratio between current assets and current liabilities. That’s a great measure of liquidity. We call that the liquidity metric. To sign-up for my Transformational Investing Webinar, visit: http://bit.ly/2xOCmRl _____________ Learn more: Subscribe to my channel for free stuff, tips and more! YouTube: http://budurl.com/kacp Facebook: https://www.facebook.com/rule1investing Twitter: https://twitter.com/Rule1_Investing Google+: + PhilTownRule1Investing Pinterest: http://www.pinterest.com/rule1investing LinkedIn: https://www.linkedin.com/company/rule... Blog: http://budurl.com/9elj Podcast: http://bit.ly/1KYuWb4 _____________ finance metrics, key metrics, financial ratios, learn to invest, investing, trading, free cash flow, growth rate, key financial metrics, key financial ratios, top financial metrics,
What is Performance Management at Amtrak
We know you make achieving our goals possible. That's why we provide you with a comprehensive and competitive total rewards offering with performance measures and incentives that reward your contributions to our success. For more information on Amtrak's Strategic Plan, visit: http://bit.ly/AmtrakStrategicPlan
Views: 4992 Amtrak
Balanced Scorecard: What It Is and Why So Many Organizations Have One
Join BSI Chief Operating Officer David Wilsey on this webinar and learn how mastering the balanced scorecard methodology might be the secret to your organization’s success. Whether you are charged with improving performance in your organization, revising an existing balanced scorecard system, or implementing a new strategic planning and management system, this complimentary webinar will help you orient yourself with the latest thinking in strategic formulation and execution. In this 30 minute session, you will develop a basic level understanding of: * How a balanced scorecard system works to improve organization performance * Benefits of improved strategic planning and strategy execution using a Balanced Scorecard system * Keys to successfully implementing and sustaining a Balanced Scorecard system
10 Strategic Management: Strategy Evaluation and Control
In this final lesson of strategic management, we learn about how to keep strategy execution on track and achieving what is intended. Learn more and become student at EF University for FREE - http://executivefinance.teachable.com/ Like us Facebook- https://www.facebook.com/exfinance/ Linkedin- https://www.linkedin.com/company/executive-finance Twitter- https://twitter.com/exfinance
Views: 24901 Executive Finance
Strategic Plan Review - Cowlitz County - Kevin Hunter
http://www.citizencommissioner.com Three years later and with a price tag well over $100,000, did Cowlitz County actually get a Strategic Plan from Commissioners Dennis Weber and Mike Karnofski? To help answer the question, Kevin Hunter reviews the 13 critical elements of a Strategic Plan as outlined by Forbes and Mr. Dave Lavinsky. Cowlitz County and operated since 2014 without a Strategic Plan in place at all, so did the commissioners come thru with a document worth considering? The end analysis is NO. Without any goals, key performance indicators (KPI) to measure success, no operations plan, financial plan, or even a simple elevator pitch, the Strategic Plan for Cowlitz County is nothing more than a tourist brochure or what Kevin Hunter refers to as a "Kumbayah Document" with nothing but fluff. Would you pay good money to have such a document written for your organization? Dave Lavinsky does a great job of laying out what a real Strategic Plan contains: Section 1: Executive Summary The Executive Summary of your strategic plan should be completed last, and this section merely summarizes each of the other sections of your plan. Section 2: Elevator Pitch An elevator pitch is a brief description of your business. Your elevator pitch is included in your strategic plan since it’s key to your business’ success, and often times should be updated annually. Section 3: Company Mission Statement Your company mission statement explains what your business is trying to achieve. For internal decision-making, your mission statement guides employees to make the right decisions; decisions that are in line with helping the company achieve its mission. Section 4: SWOT The reason to include a SWOT analysis (analysis of your Strengths, Weaknesses, Opportunities and Threats) in your Strategic Plan is to help you determine the best opportunities to pursue to achieve your growth goals. It also helps you identify which strengths you must develop in the near future to improve your company. Section 5: Goals Setting and achieving goals is the hallmark of successful companies and is a critical element of your strategic plan. They key is to first identify your 5 year or long-term goals. Next, identify your one-year goals; Then work backwards two more times to determine your goals for the next quarter and the next month. Ideally you update you strategic plan monthly to modify this section. Section 6: Key Performance Indicators (KPIs) Great businesses understand their metrics and KPIs. By tracking your KPIs, you know exactly how your business is performing and can adjust as needed. Section 7: Target Customers In this section of your strategic plan, you will identify the wants and needs of each of your target customer groups. This is important in focusing your marketing efforts and getting a higher return on investment on your advertising expenditures. This is because the more you can “speak” directly to your target customer wants and needs in your marketing, the better you will attract them. Section 8: Industry Analysis Your industry analysis doesn’t have to be a comprehensive report on what’s going on in your market. However, you should conduct an analysis to ensure the market size is growing (if not, you might want to diversify), and to help identify new opportunities for growth. Section 9: Competitive Analysis & Advantage Similarly to your industry analysis, your competitive analysis doesn’t have to be a thorough report listing every detail about every competitor. Rather, in addition to defining who your key competitors are, you should list their strengths & weaknesses. Section 10: Marketing Plan In addition to your strategic plan, I recommend you develop a comprehensive marketing plan describing how you will attract prospects, convert them to paying customers and maximize your lifetime customer value. Include a summary of your marketing plan in your strategic plan. Section 11: Team The team section of your strategic plan ensures you have the human resources to execute on the opportunities you’ve identified and to achieve the goals you established in section 5 of your plan. Here you should list your current team members and identify the types of people you need to hire in the next year to achieve your goals. Section 12: Operations Plan Your operations plan helps you transform your goals and opportunities into reality. In this section of your plan, you will identify each of the individual projects that comprise your larger goals and how these projects will be completed. Finally, you’ll map out each of your initiatives, ideally in a Gantt chart, so you know when each project will start and who will lead them. Section 13: Financial Projections Your financial projections help in multiple ways. First, you can use a financial model to assess the potential results for each opportunity you consider pursuing. Also, once you determine the opportunities you will pursue, your financial projections will map out the goals.
Views: 1750 Kevin Hunter
FREE Balanced Scorecard lesson from the FREE management training website ManagersPitStop.com
The balanced scorecard is a strategic planning and management system that is used extensively in business and industry, government, and nonprofit organisations worldwide to align business activities to the vision and strategy of the organisation, improve internal and external communications, and monitor organisation performance against strategic goals. For a FREE Balanced Scorecard review exercise see www.ManagersPitStop.com
Views: 12677 Jenison
how to measure your business success? business performance analysis fundamentals
how to measure your business success? business performance analysis fundamentals. Business performance management is the act of setting corporate goals, monitoring the methods used to achieve those goals, and then creating ways for managers to more effectively achieve those goals. By collecting and analyzing data, a company can determine what effects managerial changes had on performance and then alter those changes to help create a more effective process. The idea of business performance management is a broad concept, but it is best used to analyze specific goals and help a company to save on operating costs, while generating more revenue at the same time. The important thing to remember about business performance management is that it is used to improve the performance of personnel and management. The use of metrics is just a means to an end, with that end being higher profitability.
Module 10: Measuring Performance - ASU's W. P. Carey School
Part 10 of 12 Supply chains are tasked with being effective, efficient, and adaptable. While the best companies on earth claim to have strong supply chains, it is only via performance measurement that managers and executives can truly prove the strength of their supply chains. Also, since continuous improvement is a business imperative, managers are constantly being asked to demonstrate positive outcomes and consistent improvement quantitatively. This module introduces the multi-layered world of performance measurement and its relationship to world-class supply chain management. This is the 10th installment in Arizona State University's twelve-part introduction to supply chain management video series developed by Eddie Davila, Jeff Hough, Randy Cates, Dawn Feldman, Dan Ichikawa, Ian Schmoel, and Matt Hardy. ASU, the W. P. Carey School of Business, and the Supply Chain Management Department are proud and happy to share this video series with supply chain management departments, supply chain instructors, career specialists in high schools and universities, as well as industry leaders in an effort to inspire a new generation of supply chain management professionals across the country and around the world. For more information, visit W. P. Carey's SCM Web site at http://wpcarey.asu.edu/scm or send an e-mail to wpcarey.scm@asu.edu.
How to Execute Strategy
Crafting and executing strategy are the heart and soul of managing a business enterprise. But exactly what is involved in developing a strategy and executing it proficiently? Strategy formulation is the process by which an organization chooses the most appropriate courses of action to achieve its defined goals. The managerial process of crafting and executing a company’s strategy is an ongoing, continuous process consisting of five integrated stages. The first three stages of the strategic management process make up a strategic plan. A strategic plan maps out where a company is headed, establishes strategic and financial targets, and outlines the competitive moves and approaches to be used in achieving the desired business results. A strategic vision describes “where we are going” - the course and direction management has charted and the company’s future. A strategic vision has little value to the organization unless it’s effectively communicated down the line to lower-level managers and employees. An effectively communicated vision is a valuable management tool for enlisting the commitment of company personnel to engage in actions that move the company in the intended direction. A mission statement typically describes the present and purpose of an organization (“who we are, what we do, and why we are here”). A mission statement that provides scant indication of “who we are and what we do” has no apparent value. A company’s values are the beliefs, traits, and behavioral norms that company personnel are expected to display in conducting the company’s business and pursuing its strategic vision and mission. At such values-driven companies, executives “walk the talk” and company personnel are held accountable for displaying the stated values. Objectives are an organization’s performance targets - the results management wants to achieve. The balanced scorecard is a widely used method for combining the use of both strategic and financial objectives, tracking their achievement, and giving management a more complete and balanced view of how well an organization is performing. Objective setting is thus a top-down process that must extend to the lowest organizational levels. And it means that each organizational unit must take care to set performance targets that support - rather than conflict with or negate - the achievement of companywide strategic and financial objectives. In most companies, crafting strategy is a collaborative team effort that includes managers in various positions and at various organizational levels. Crafting strategy is rarely something only high-level executives do. Crafting a full-fledged strategy involves four distinct types of strategic actions and initiatives, each undertaken at different levels of the organization and partially or wholly crafted by managers at different organizational levels. The larger and more diverse the operations of an enterprise, the more points of strategic initiative it will have and the more managers at different organizational levels will have a relevant strategy-making role. The task of implementing and executing the strategy also necessitates an ongoing analysis of the efficiency and effectiveness of a company’s internal activities and a managerial awareness of new technological developments that might improve business processes. Successful organizations achieve operating excellence and execute strategy proficiently. Strategy execution is about getting your strategy done - the successful implementation of a strategic plan. A company’s vision, objectives, strategy, and approach to strategy execution are never final; managing strategy is an ongoing process, not an every-now-and-then task.
Views: 123 Gregg Learning
John Spence: Business Advisor, Management, Strategy & Performance Expert, Keynote Speaker
http://www.bigspeak.com/john-spence.html "Making the very complex, awesomely simple" is no mere catch phrase, it is truly John Spence's mission in life. Driven by an insatiable curiosity to understand the fundamental aspects of what it takes to achieve and sustain excellence in business and life, John Spence has earned a reputation as a leading authority in the areas of Strategic Thinking, High-Performance Teams, Advanced Leadership Development, and delivering consistently superior Customer Service, making him one of the most highly sought after executive educators and professional speakers in America. At the age of just 26, John was named CEO of an international Rockefeller foundation, overseeing projects in 20 countries and reporting directly to the Chairman of the Board, Winthrop P. Rockefeller III. Two years later, John was nominated as one of the top CEOs under the age of 40 in Florida and Inc. Magazine's "Zinc Online" recognized him as one of America's up and coming young business leaders. John is Director of Best Practice Innovation at the Best Practice Institute, has twice been named one of the "Top 100 Business Thought Leaders in America" and has also received honorable mention as one of the top 100 Small Business Influencers (along with Seth Godin and Malcolm Gladwell). For the past 17 years, John Spence has presented workshops, speeches and executive coaching to more than 300 organizations worldwide including; Microsoft, IBM, GE, Abbott, Merrill Lynch, AT&T, Verizon, Qualcomm, State Farm, and dozens of private companies, government offices and not-for-profits. John is also the author of Excellence by Design - The Six Key Characteristics of Outstanding Leaders and Awesomely Simple - Essential Business Strategies for Turning Ideas into Action and has been a guest lecturer at over 90 colleges and universities across the United States including Harvard, Rutgers, Brown, Stanford, the Wharton School of Business at the University of Pennsylvania and is an instructor of the Entrepreneurial Masters' Program at MIT. Affectionately referred to as the "Human Cliffs Notes" by many of his clients, John Spence is known for taking massive amounts of research combined with his personal hands-on experience to deliver timely, focused, results-driven programs. For example, to create carefully customized workshops and presentations that reflect the newest research and most current thinking, John reads a minimum of 100 business-related books each year and listens to an additional 30-50 audio books, giving him an incredible depth and breadth of knowledge which to draw from. More About Keynote Speaker, John Spence . . . John Spence has served as "Executive in Residence" for the University of Central Florida's Technology Incubator; as a Special Advisor to the Rawls College of Business at Texas Tech University; as a lead instructor for the University of North Florida's Executive Education division; on the Board of Directors for the University of Florida's Center for Entrepreneurship & Innovation; as an advisor to the University of Florida's Leadership Development Institute and as a senior instructor at the Cornell University Leadership Development School. His work as a business advisor and executive educator has taken him on assignments to Hong Kong, Japan, Germany, Austria, Mexico, Latin America, New Zealand the Bahamas and Canada. To book John Spence to speak to your organization, contact BigSpeak Speakers Bureau. 805-965-1400 http://www.bigspeak.com/john-spence.html For information about BigSpeak, https://www.bigspeak.com/
Webinar: How to Plan and Measure Your Holiday Campaign on Social
Successful holiday social campaigns are strategic and results-oriented. They help you build brand affinity, and drive business results. They work in concert with your brand’s other marketing initiatives. As a marketer, there's a lot to consider. How do you make sure you’re planning and measuring your holiday campaigns most effectively? In this webinar recording you will learn: - How to use social listening to understand customer intent and conversation during the planning process - The core components of a successful holiday campaign, with examples of brands who have done it well in the past - How to optimize decisions and measure performance of holiday campaign social media content - How to tie all your results to revenue based upon insight into your direct impact on website visits, opt-ins, and more A generous Q&A session at the end of the webinar answers even more burning holiday campaign questions.
Views: 308 Simply Measured
What is KPI and why measuring KPI (key performance indicators) is important
My full business plan book: https://www.amazon.com/Business-plan-template-example-business/dp/1519741782 My full business plan course: https://www.udemy.com/how-to-write-a-business-plan/?couponCode=ten_youtube For more on what is KPI and why measuring KPI (key performance indicators) is important: http://www.glowingstart.com In this tutorial I explain what is KPI. KPI stands for key performance indicators. Every business has key performance indicators. In fact, even smaller parts of a business have their own KPI. For example, my very own YouTube channel has KPI. The key performance indicators for a YouTube channel are views, minutes spent watching, revenue, and subscriber growth. On a different platform, the KPI might be different as well. For example, for a blog, the key performance indicators might be visitors, page views per visitor, and conversion to whatever you want people to do on the blog. Your business or startup has its own KPI. The key performance indicators for a business or startup are typically related to growth. Some of the important things to track are customer growth, revenue growth, and profit growth. Strategies are typically created to increase the growth of the revenue, profit and customer growth kpi metrics. Those strategies have their own KPI. So you must figure out what those key performance indicators are for your business, and focus on what it will take to grow those metrics. In an internet startup, the key performance indicators are usually very tied to growth of users and revenue. User growth is almost always the highest priority. And the growth of revenue is almost always the second biggest priority. The reason for that is that startups which have high growth can almost always raise more money from investors. So as long as they continue to grow, revenue and profits are often not as important. For more traditional types of small businesses, revenue and profit are often more important because those businesses must earn a profit that will be reinvested into those businesses and used to pay rent and employee salaries. User experience tutorial: https://www.youtube.com/watch?v=YHJ3KNJlmWo What is website hosting: https://www.youtube.com/watch?v=HtY76cUHXIo How to create a great marketing strategy: https://www.youtube.com/watch?v=afSInLfp9PM Direct marketing tutorial: https://www.youtube.com/watch?v=cBSkeWGskKc What is a sales funnel, and how to improve your sales funnel: https://www.youtube.com/watch?v=rxQ4fSuvLjw How to sell jewelry: https://www.youtube.com/watch?v=ALrcOq5FD7c How to sell a food product: https://www.youtube.com/watch?v=EFxI9o_P-N8 Seth Godin purple cow - how to get great marketing ideas: https://www.youtube.com/watch?v=s1I9lxOF7j8 What is guest blogging and should you do it: https://www.youtube.com/watch?v=iKtXVrQrYdQ How to create a website or blog: https://www.youtube.com/watch?v=fC28VOKg05s How to do paid search marketing: https://www.youtube.com/watch?v=6WH7BNwPgic How to sell books: https://www.youtube.com/watch?v=jo7TiPhfU_8 Marketing plan template: https://www.youtube.com/watch?v=11f_4qyMTAE How to start a successful blog: https://www.youtube.com/watch?v=5JEEBmNH1j8 Introduction to marketing: https://www.youtube.com/watch?v=54tysQGuITs Gigantic marketing playlist: https://www.youtube.com/watch?v=G7cEyoYfvKg&list=PLAgq5S6WQmzEjJIpYXN9nVMjNmxHjNw37 25 Facebook marketing strategies: https://www.youtube.com/watch?v=zd8eG0WDJvI Content marketing strategies: https://www.youtube.com/watch?v=KTruIZ5_D3k Facebook marketing book: https://www.youtube.com/watch?v=G6qbz-qnaPU Marketing strategy book to reach 1,000,000 people: https://www.youtube.com/watch?v=G6qbz-qnaPU Marketing strategies course: https://www.youtube.com/watch?v=3brrVun7zNI