How Measuring Results Helps People to Commit to Change
Creating a new strategy for your business almost always results in introducing new ideas, initiatives and change. Naturally, there will be people who are sceptical about the changes that are…
The Unintended Consequences of Setting Performance Targets
Setting targets and subsequently measuring performance against those targets is a common management practice in many organisations. When done properly it can be an effective way to motivate people to deliver a level…
How can The Balanced Scorecard Help Implement a Strategic Plan?
Implementing a strategic plan in a business can be a complex process, involving many components, both inside and outwith the business. This includes the management a number of groups of people…
What is the Balanced Scorecard?
Measuring performance is critical to the efficient management of any business providing, of course, that the correct performance metrics are being measured. Information relating to the performance of the organisation…
How Partner Compensation Affects Strategy in Professional Services Firms
The way the partners and senior fee earners are rewarded in professional services firms can have a dramatic effect on the development and, more importantly, the implementation of their strategic…
How do we Measure the Progress Towards Achieving our Business Goals?
Establishing goals is only part of the work in a business plan. Once the goals have been explained to the employees and a plans have been developed to achieve those goals,…
The Most Effective Strategic Planning Process I Have Ever Used
I am a Chartered Accountant with over 40 years of post qualification experience, 9 in the profession with Thomson McLintock (now KPMG), 10 with a public company retailer and the…