An introduction to Palladium Kaplan
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Many organizations business models need to adapt continually as all the countries in the world economies continue to become more tightly integrated. Markets, policies and structures are changing at different paces across the globe. As the world economies are being transformed and the climate for doing business is also changing, so must organizations that reside within them. To s쳮d in these changing times, organizations need to be agile.
This requires the following:
• A high-performing culture
• Better incentives aligned with the organizations goals
• Strategic thinkers who thrive in disruptive environments
• Business intelligence that places a lens on business performance, and
• Strategic alignment with operational backbones.
A strategy is an integrated set of choices that positions a firm in an industry to gain competitive advantage and realize superior returns over time. It is about long-term success of an organization, yet most organizations fail to realize their strategies because of poor or no execution. Statistics still indicate that a vast majority of the organizations fail and only a minority s쳮ds. At the heart of a challenging business environment, what lessons can be learnt from these organizations? What are these organizations doing that lead them to execute their strategy successfully and realize their vision of the future, where others are not?
Professor Robert Kaplan and Dr. David Norton – the creators of Balanced
Scorecard, Strategy Map and Strategy-Focus Organization (SFO) – together with their Palladium colleagues developed the Execution Premium Process (XPP) to overcome challenges of linking strategy to operations for sustainable performance. The XPP is an influential tool today. It creates an execution premium on execution comparing to non-users. It ensures that your key business processes, operations and technologies support your strategy in a holistic and practical manner. It creates and reinforces the linkages between strategy, people, processes and data. It also repairs the fragmentation that damages strategy exe-cution in your organization. By using this management process, it has helped many organizations worldwide to do the following:...
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