Execution Excellence: Making Strategy Work Using the Balanced Scorecard

by Sanjiv Anand

A hands-on guidebook for making your strategy work with effective Balanced Scorecard design, deployment, and maintenance Execution Excellence is the practitioner's guide to real-world implementation. Designed by a Balanced Scorecard (BSC) thought leader with 30 years of experience and over 300 global implementations under his belt across a range of industry sectors, this guide gives you a hands-on framework for putting the BSC methodology into action. Clear, concise, and easy to read, this book skips the theoretical exposition to get right to the point―how can companies use BSC to effectively deploy strategy and drive individual and enterprise performance? You'll find the answers here. The discussion outlines the ways in which firms commonly fail in implementing BSC. These failures can be traced back to common design and implementation making the process too complicated and focusing on the BSC process rather than the outcome. The discussion will also cover design optimization across a range of key industry sectors. You'll gain expert insight into avoiding these missteps and the practical tools and perspective you need to implement BSC correctly the first time. While the Balanced Scorecard framework is widely accepted and praised, about half of firms that implement it fail to realize the full benefits. The fault lies not with the framework, but with the design, and more importantly―execution. This book gives you the information and tools you need to adopt BSC successfully. Developed in the early 1990s, the Balanced Scorecard framework has been recognized as one of the most seminal business ideas in the last 75 years. Thousands of companies around the world use BSC to create and maintain a performance-oriented enterprise, yet just as many try and fail. Execution Excellence shows you what you need to know and do to become a BSC success story.

Genres: Management, Business

288 pages, Hardcover

First published April 18, 2016

Reviews

[Jose Papo · Rating 5 out of 5]

Very good book about how to understand and implement Balanced Scorecards. A very easy read that will help anyone understand and implement BSC in a pragmatic and right way.

[Naveen Kumar Chowdari · Rating 4 out of 5]

I work for an Indian Railway manufacturing company and closely engaged with Chairman's office. I was told to identify a framework to prepare a plan of action(Strategy they say) for the organisation and keep a track of performance for the year. While doing some research, I came across Balance Score-card. I was lucky to be introduced to this book "Execution Excellence — Making strategy work using — Balanced Score card". I thoroughly enjoyed reading this book and decided to write a 3 part blog post about my understanding.

https://medium.com/@naveenkumar_50498...

[Cory St Croix · Rating 5 out of 5]

Nice practical book on the most important part of implementing a Balanced Scorecard based strategy - how to execute it. If you aren’t that familiar with the BSC system I would recommend doing some other readings before diving into this book.

[Abhijit · Rating 5 out of 5]

The author has effortlessly decoded the most important challenge faced by global executives in nearly 50% companies globally, "the challenge of execution". Even though its a book based on the very famous strategy execution tool the Balanced Scorecard. The fluent, crisp and to the point approach taken by Sanjiv clearly defines his command over the subject matter and real life cases make the book come alive. The book is thoughtfully segmented on the basis of the various stages of successful strategy deployment and how it can be interwined with a BSC for success.
If you are a CEO, Strategy head or the owner of an enterprise this book will hand hold you through the entire process of strategy deployment using the various components of strategy maps, objectives, scorecards, IPMs, monitoring, individual and enterprise role and also automation. All you need to do is just flip the pages and follow the wisdom about execution excellence shared by the author. P.S Its also got quite a few real life BSC and strategy execution success stories as seen by Sanjiv in his 30 years of BSC and consulting experience. Will recommend this book. Definitely.

[Ram · Rating 5 out of 5]

The Balanced Scorecard is not just a great performance measurement tool, but also a very effective framework for developing and deploying enterprise strategy. The book helps explaining, in easy terms, how does one define and translate the strategic vision into tangible, measurable objectives and drive execution excellence using the Balanced Scorecard.

While the book helps the nuances of building a strategy and designing the scorecard in the first half, the second half discusses the challenges of implementation and how to deal with it. The case studies across various industries listed can be quite useful, as it helps relates to the concept better, based on one’s own area of focus. On the whole, this book could quite useful for any BSC practitioner, and for the leadership of any organisation who is looking to execute one’s strategy, effectively!

[Don Goodwin · Rating 4 out of 5]

The author has compiled thirty years of Balanced Scorecard experience into an easy to read guide to team leadership. He outlines the techniques and methods used to help leaders develop procedures to improve team performance and uses real life experiences to emphasize his points. The strategy maps and scorecards for various industries are great additions