fruiStrategy® Balanced Scorecard is a comprehensive strategy execution supports Dr. Kaplan & Dr. Norton’s Execution Premium approach. A complete framework to take care of project management, risk management, compliance management, communications management, and review management is included in the solution through structure approach of overall strategy execution process.
Balanced Scorecard is a framework that translates an organization’s strategy into a set of objectives and measures, and aligns the organization to them though it’s planning and control processes”— David Norton
Less than 10% of strategies effectively formulated are effectively executed – Fortune Magazine
Strategy execution is the key challenge for majority of senior executives of any organization. Kaplan-Norton Balanced Scorecard is proven methodology for strategy execution used by many high performance organizations.
All tools, business processes, review processes, alignment processes, performance management processes required for strategy execution on one platform.
Comprehensive solution enabling strategy execution through proven and most popular methodology “Execution Premium (XPP)” of Dr. Kaplan and Dr. Norton
Define Balanced Scorecard, perspectives, themes, strategic objectives, measures, targets, and ownership with appropriate performance reporting.
Access to industry best practices best practice KPIs which can be used to define measures for strategic objectives properly.
Analyse performance with targets versus actuals against each measure with benchmark with other business units, industry performance, and ideal target numbers.
Manage strategic initiatives with reporting of progress on periodic basis for weekly, monthly, quarterly with progress on schedule and cost.
Manage strategy review meetings with the information available at hand and report all reviews, analysis, and action points during the meeting and communicate to all key stakeholders.
Align organization with corporate to business unit, support services, business processes, strategic objectives, measures and manage the progress of alignment index.
Manage enterprise PMO operations with proper definition of portfolios, programs, projects, and link them to strategic management process in an integrated way.
Identify and manage risks and eliminate them in the strategy execution. Improve risk control through proper budget allocations.
Report personal performance and make sure that the people are aligned to the organization. Measuring happiness index and alignment is the key for strategy execution.
Manage all compliance requirements through one setup and get regular alerts to revise compliance and other statutory requirements.
Get the overall organizational performance and continuously review the overall performance index to help see the direction strategically.
Strategy Analysis is the part of strategy planning process and must be linked to strategy execution. The module allows to link strategy plan to execution. All key strategy analysis tools are present in the solution which include SWOT, PESTEL, Porters 5 Force Analysis, cause & effect, scanning, and others.
Maintain strategic projections by product group or service groupwise and identify the ways to close the value gaps through strategic initiatives, objectives, and other strategic actions.
Strategy map is the key component of strategy execution depicts cause and effect linkage of strategic objectives. Strategy map can be linked to cause and effect analysis. Overall organizational strategy map, business unit strategy map, departmental strategy maps can be maintained in an integrated way.
Balanced Scorecard is a framework that translates an organization’s strategy into a set of objectives, measures, and aligns the organization to them though it’s planning and control processes. Define perspectives, themes, objectives, measures, initiatives, budget, and ownership.
Define alignment of strategic objectives, business processes, people, systems, and structure of all organizational units which include corporate offices, business units, support units, departments of business units.
Define alignment of corporate unit strategic objectives and business unit objectives, align initiatives, align departments of business unit to support units of HR, Finance, IT, and other corporate support units.
Key Performance Indicator is a measurable value that determines how effectively a company is achieving key business objectives. KPIs are use at multiple levels to evaluate their success. These KPIs may focus on the overall performance and process in departments of an organization. “fruiStrategy” can provide to create KPIs along with default KPIs.
Strategic Initiatives are clearly focused on closing performance gaps defined by the strategy. One initiative is not enough to execute a strategy. It requires a set of initiatives. “fruiStrategy” helps organizations to align “Initiatives” to different “Strategic Objective” which are focused on achieving the strategic objectives.
“fruiStrtegy” allows you to save the story of themes, objectives, and initiatives which are in the standardized format. Objective/theme/initiative story provides a way to view selected Strategic objective/theme/initiative and related information all together, track data over time, and share the results with various recipients by saving data.
Link strategic projections to business planning and find out the best fit for strategic alignment. The complete budgeting process can be driven by strategic projections to come up with financial statements as part of budgeting process.
Manage all portfolios, programs, and projects with linkage to balanced scorecard and strategic objectives. The scoring mechanism of evaluating the performance of individual projects, programs, and portfolios can be maintained and also report the periodic performances.
Identify risks of strategic, operational, and tactical nature. Identify and maintain risk mitigation and risk management strategies with budget allocations. Periodical review of risk status can help organization to avert risks properly.
Manage all compliance requirements and their renewal requirements through well organized calendar with scheduled dates, reminders, attached documents and formats, ownership of compliance management.
All strategic communication and alerts can be managed properly through alerts mechanism. The emails and text messages can be sent as information, reminders, and follow up actions. The actions can be closed and list of open points can be reviewed periodically.
Review performance dashboards for initiatives, measures, risks, value gap analysis, and reports for balanced scorecard performance. The reports can be monitored for initiatives, measures, objectives, and overall balanced scorecard.
fruiStrategy® Balanced Scorecard is designed to cater services to various industries and the following are a few of them.
Transportation management in the context of COVID-19 pandemic Transportation management is a ..
"Achieved robust transformation of supply chain planning and budgeting process through Enterprise Performance Management implementation".