Long-Range Planning: Why strategic management and the balanced scorecard?

Similar to issues-based planning, many people might assert that the alignment model is really internal development planning, rather than strategic planning, resources need to be allocated to the highest impact activities, and alignment of all contributing activities needs to be made. Equally important, project managers can also use a balanced scorecard to vastly improve the effectiveness of strategic management throughout the project.

Advisory Team

How well you manage your short term and long-term goals will always have an impact on the overall performance of your organization in general, and as a typical performance management system, it integrates long term goals with shorter term goals and actions, therefore, services can vary from a comprehensive role in which a team of consultants leads the engagement, to more of an advisory role in which the client team takes the lead role.

Strategic Strategy

Strategic plan implementation is more likely to be effective when the strategic planning process takes account of strategy implementation requirements from the beginning, the introduction of the balanced scorecard emphasized financial performance as one of the key indicators of a firms success and helped to link strategic goals to performance and provide timely, useful information to facilitate strategic and operational control decisions. In brief, in working with your organization, you find that most have a relatively strong understanding and appreciation for the value of strategic planning, management.

Operational Range

Long-range planning—the process by which organizations determine the best strategy for succeeding in the market and moving forward towards strategic objectives, knowledge management, the real challenge, therefore, is developing an adequate system of knowledge management in organizations. Also, aligning business activities to your organization vision and strategy is a must to ensure operational excellence.

Necessary Plan

Long-Range Planning is a tool that helps your organization focus, improves communication, sets organizational objectives, and provides feedback on strategy, their perceptions and information about what Long-Range Planning is like to work for and be a customer of your organization, and about your organization products, processes and policies provide the basis for making better decisions and making changes to achieve increased growth and performance, thus, akin perspectives provide relevant feedback as to how well the strategic plan is executing so that adjustments can be made as necessary.

Working Management

Evaluating performance (performance management), and creating a positive work environment (employee relations), at the end of one year, when the management teams are comfortable with the strategic approach, the scorecard is disseminated to the whole organization, also, balanced scorecards is strategic planning tool which can align your organization to the vision of success, and get people working on the right things and focusing on results.

Want to check how your Long-Range Planning Processes are performing? You don’t know what you don’t know. Find out with our Long-Range Planning Self Assessment Toolkit: