Key Performance Indicators (KPI) are clear, specific metrics that measure an organization's progress toward a corporate goal. They generally have a time component, because they track the execution of a corporate strategy. They are the "scorecard" part of a balanced scorecard. To develop KPI's, it helps to divide them into three categories: Target Relative Progress Target... [Read More]| ProjectEngineer
The Balanced Scorecard is a system for the implementation of corporate strategy. It is a performance measurement tool that helps an organization execute its strategies and turn them into measurable results "on the ground." In its practical form, a balanced scorecard is a 4-quadrant itemized list of key performance indicators (KPI's) that the organization strives... [Read More]| ProjectEngineer
Strategy at many companies is almost completely disconnected from execution. Establishing a dedicated unit to orchestrate both will help to bridge the divide.| Harvard Business Review
Organizations often face challenges in executing strategies. To overcome these challenges, it is crucial to define objectives, collect timely data, and adopt AI technology. This blog explores the successful use of Artificial Intelligence in driving strategy execution within organizations. The post Using AI to Drive Strategy Execution appeared first on Strategy Management Group.| Strategy Management Group