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Embedding Risk Appetite into the Strategy Process

Manigent Seven statements

Seven statements we would like our clients to make about us:

  1. “they are our strategy execution partner” 
  2. “I enjoy working with the Manigent team”
  3. “they added value from the first meeting”
  4. "they attract uniquely talented people”
  5. “their integrated approach works for us”
  6. “their project delivery is outstanding”
  7. “they are easy to do business with” 

Balanced Scorecard (BSC)

Strategic execution remains a major challenge for many organisations, with up to 70% of organisations failing to execute strategy successfully.

Developed in the early 1990s the Balanced Scorecard, along with the Strategy Map, is one of the most widely adopted performance management methodologies today. However many organisations continue to find Strategy Map and Balanced Scorecard deployment challenging. Others fail to grasp the opportunity presented by these tools to improve strategic execution and increase revenue whilst driving out costs.

Key Points

  • Created by Kaplan & Norton in the early 1990's
  • Leading Corporate Performance Management framework
  • Use the Strategy Map to set out organisational strategy on a single page
  • Strategic Themes to create greater focus and accountability to deliver the strategy 
  • Strategic Perspectives to set out the cause & effect relationships within strategy
  • Use of Key Performance Indicators (KPIs) to monitor progress towards achieving the strategy
  • Align strategic initiatives to strategic objectives

Key Benefits

  • Drive revenue improvements.
  • Improve cost efficiency.
  • Reduce head count, cost and complexity related to performance management reporting.
  • Simplify measurement by measuring only the right things.   

In our experience Strategy Map and Balanced Scorecard projects often fail due to a lack of a compelling, well-understood business reason for undertaking the change programme. Additionally there is often a failure to address the business change and technology aspects of this type of project in an integrated, aligned manner.