MANAGING PERFORMANCE STRATEGICALLY
Purpose: This final block of frameworks helps to generate a set of guiding strategic principles and goals that balance present conditions with the need to think about the future prosperity and sustainability of the organization, people and the planet.
- Vision - Provides one simple overarching statement of strategic intent that orients and animates development for all members and key stakeholders of an organization.
- Triple bottom line - Encourages corporate social responsibility, sustainability and a broader view of performance than conventional financial measures by promoting the measurement of social and environmental impacts of the firm's strategy.
- Balanced scorecard - Shows the importance of balancing short-term financial measures with performance relating to the longer-term strategic health of the organization: maintaining differentiating capabilities, the ability to innovate, and keeping customers happy.
- Risk management/probability impact matrix - A graphical means to assess and debate whether the organization's strategy is exposing it to unnecessary or overly high levels of risk.
- Animation-orientation matrix - A simple check to gauge if your strategy is memorable, inspiring and providing the necessary direction to those who are charged with implementing it.
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