Strategic Thinking Vs Balanced Scorecard

𝗦𝘁𝗿𝗮𝘁𝗲𝗴𝗶𝗰 𝗧𝗵𝗶𝗻𝗸𝗶𝗻𝗴 vs 𝐁𝐚𝐥𝐚𝐧𝐜𝐞𝐝 𝐒𝐜𝐨𝐫𝐞𝐜𝐚𝐫𝐝
‣ Which Drives Results? 🎯

During a recent workshop,
an insightful query came up:

"What differentiates our Strategic Thinking
program from the Balanced Scorecard approach?"

To me, It’s a question worth answering
and sharing with you all.

The Balanced Scorecard,
a concept I encountered during my MBA,
offers a holistic view of four business domains:

financials, 💰 customers, 🤝
internal processes, ⚙️ and learning/growth. 🌱
It's an excellent diagnostic tool for overarching vision.

However, our Strategic Thinking program,
inspired by the metrics-driven clarity of Six Sigma
and the creative problem-solving ethos of
Design Thinking goes a step further:

1. 🔍 Narrowed Focus:
We zero in on pivotal objectives,
avoiding the scattergun approach that can
dilute the impact of a Balanced Scorecard.

2. 🤝 Collaborative Problem-Solving:
By inviting cross-functional participation,
Strategic Thinking fosters a collective commitment
to tackle crucial challenges, moving beyond the
Balanced Scorecard's often top-down perspective.

3. ⚡ Agility in Action: Our program is tailored for swift,
adaptive problem-solving, while Balanced Scorecards
may not pivot as quickly to operational shifts.

4. ✅ Cultivating Accountability:
We establish consistent check-ins, ensuring
every team member is actively engaged in
the problem-solving process.

Strategic Thinking doesn't just align strategy;
it ignites momentum, translating plans into proactive execution.
For organizations aiming to quickly enact change,
it's a powerful approach to bring strategic visions to life.

What strategies have you implemented in your organization
to bridge the gap between planning and doing?

I would appreciate any comments and sharing your thoughts.
Insights by Arthur Flores Jr. RN, MBB, CXAC(Cert)