Strategy & The Balanced Scorecard

Ever been on a bushwalk without a compass or map?

An organisation that does not have a clear understanding of where it is headed, what it values and wants to achieve is like a group of bushwalkers heading off on an adventure without a compass or map of the terrain. Some members of the group will be unclear about the destination and the purpose of the trip.
They won’t know the distances that need to be covered each day or who is responsible for the tent and food.
They will be unprepared for likely obstacles that arise and the group’s leaders will constantly be dealing with challenges that distract them from their main purpose. Group motivation will ebb and flow as lack of clarity and progress saps the group’s energy.

It’s crazy to think that anyone would sign up for such a bushwalk. Yet many leaders are managing organisations today with little focus or commitment to developing a clear strategy and planning process for their organisation.

Impact on People Practices

Without an agreed strategy that has clear performance measures and is widely communicated, leaders are limited in their ability to provide meaningful performance management systems and practices for the individuals in their teams.
They struggle to engage staff, develop future leaders and introduce effective succession management practices.

People Axis - Strategic Planning & Management support

Because of the importance of strategic planning to the growth, financial viability (wellbeing) and people agenda within the organisation People Axis provides organisations with strategic planning and performance management consulting support.
We believe that all business, regardless of their size, need to invest time in strategic planning and performance management.
We tailor our approach to deal with the complexities of large business and the specific needs of small business and Not for Profit organisations.


Using the Balanced Scorecard

Our approach uses the balanced scorecard methodology which is an integrated strategic planning and management system that:
  • Communicated with clarity an organisation's vision, mission and strategy to staff and others stakeholders
  • Aligns day-to-day work to vision and strategy
  • Provides a framework for prioritising projects
  • Uses strategic performance measures and targets to measure progress

Using The Balanced Scorcard Institute's proven methodology People Axis assists organisations to implement a balanced scorecard by working through a structured process which involves:

  • An assessment of the organisation and confirmatio or development of the organisation's principal strategies
  • Developing Strategic Objectives for the organisation with Performance Measures and Targets
  • Developing the organisation's Strategic Initiatives
  • Cascading the balances scorecard to team and individual level (performance managemet)
  • Ongoing monitoring - the system in use

Additional details about the balanced scorecard methodology can be found here.