An enhanced approach that addresses the traditional business strategic planning issues and challenges that often occur is the Integrated Enterprise Excellence (IEE) business management system.
Integrated Enterprise Excellence (IEE): An Enhanced Approach to Address Strategic Planning Issues and Challenges
Key Performance Indicators (KPI’s) might be created for tracking how well an organization is moving toward achievement goals aligned to executive-retreated-worded strategies. The balanced scorecard and hoshin kanri are techniques that are to then provide a vehicle for aligning organizational-chart work efforts to these executive retreat strategies and goals. However, how effective has this approach been?
Traditional management systems might also use red-yellow-green scorecards or dashboards to assess how well every business area is doing relative to achieving their individual business goal. However, what is the implication of this business management approach? Does it lead everyone in the organization to do what is best for the business as a whole?
What is really important for success is that the business moves toward achievement of the 3 Rs of business; i.e., everyone doing the Right things, and doing them Right, at the Right time.
The whitepaper below describes a Corporate Performance Management (CPM) system that helps organizations move toward achievement of the 3 Rs of business through a no-nonsense framework for: establishing a predictive value chain scorecard system; incorporating effective analytics using such tools as Theory of Constraints (TOC) to determine where improvement efforts should focus; conducting analytically/innovatively strategic planning efforts to identify targeted areas for improvement that help the entire business; utilizing a business improvement system so that the enterprise as a whole benefits.
The white-paper described Integrated Enterprise Excellence (IEE) business management system goes beyond the balanced scorecard and a Lean Six Sigma project-based improvement system.
The IEE 9-step system is the following, where the creation of targeted strategy statements that were analytically determined is step 5.
Steps 6 and 7 address the targeting of improvement efforts, which are in alignment with the step-5 stated targeted strategies.
Contact Us to set up a time to discuss with Forrest Breyfogle how your organization might gain much from an IEE enhanced strategic planning approach.