Drs. Kaplan and Norton have focused their thoughts on strategy on the most pertinent topic in the American economy today, managing strategy in a downturn. In their most recent blog posting, Drs. Kaplan and Norton ask whether the Balanced Scorecard Concept could have helped some of today's failing industries, using the financial and auto sectors as examples. Can a Balanced Scorecard approach help industries be aware of and mitigate some of their risk?

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One question I often hear as clients begin to incorporate initiatives into ESM concerns exactly where, in a cascaded scorecard environment, initiatives should be managed. This is especially applicable in organizations where there is an established project management organization that is practiced in dealing with the organization's major initiatives as a single group.

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I've had a lot of organizations ask me how to "tell the story of their strategy" using their strategy map in the ESM as their guide. I'd like to provide our ESM community with an example approach that could be adapted for your organization. Once upon a time...

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Palladium Group, Inc., the global market leader in helping organizations execute their strategies, today named four organizations to the Palladium Balanced Scorecard Hall of Fame for Executing Strategy™ for achieving an execution premium. The awards were presented today at the 2008 Palladium North American Summit in San Diego, California to officials of the Army & Air Force Exchange Service; the City of Corpus Christi, Texas; New Brunswick Power Group; and Weichert Relocation Resources,Inc.

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Record Attendance at Palladium Group's 11th Annual North American Summit Indicates Strategy Execution High Priority Among Global Executives

Palladium Group, Inc., the global market leader in helping organizations execute their strategies, today announced the successful completion and new attendance record of its annual North American Summit: Achieving the Execution Premium: Linking Strategy to Operations held November 3-6, 2008 in San Diego, Calif. Winners of the Palladium Balanced Scorecard Hall of Fame for Executing Strategy TM were honored among some 400 executives, brought together to learn how to more effectively link strategy and operations to achieve an execution premium.

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In a recent article in McKinsey Quarterly (Sept 2008) they wrote about managing IT during a downturn. They stressed the importance of not making across the board cuts, but that it was now more important than ever to look at IT's role in the business and be more strategic (read selective) in what investments and reductions are made. Our strategy maps, scorecards, and initiative management processes and practices can help companies navigate these treacherous waters in a resource constrained world. We should listen for these cues during our client and prospect conversations and think about how we can help them make better decisions that will address short term issues, yet still position our clients for longer term success when things turn positive. Remember those who make the better decisions now will do better (survive longer) and be positioned for the next upturn in the economny.

Market value, book to market and net assets were key measures in this study, put out by Elsevier's "Advances in Accounting, incorporating Advances in International Accounting" and written by Philip Reckers and J. Timothy Sale.

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Palladium Announces XPA™--Execution Premium Assessment--based on the Kaplan-Norton Strategic Management System

New Tool and Book Based on Close Collaboration between Palladium, Kaplan, and Norton

Palladium Group Inc., the global market leader helping organizations execute their strategies, has announced the Execution Premium Assessment (XPA), the newest offering designed to help companies understand the strategic performance gap between where they are and where they want to be. XPA, the latest tool in an integrated suite from Palladium, is based on more than fifteen years of research by Drs. Robert Kaplan and David Norton, the world's preeminent authorities on strategic performance management, and the best practices of more than 100 high performing organizations.

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In today's demand-driven and increasingly competitive market; the need for effective strategic management is imperative. This need has spurred the conceptualization of several management theories. Naturally, as delivery on promise differed, some have fared better than others.

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I've been watching the first few days of the 2008 Beijing Olympics in awe of all the world records that are being broken. Just last night the US men's relay swim team "smashed" the previous world record by several seconds, in a sport where tenths of seconds are a long time. It's fitting that come August 2008 when the Olympics are in full swing, the Executive Strategy Manager is posting a record performance of its own.

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I recently came across a case study, published just last month, titled "Information System Effects on Organizations Balanced Scorecard Work". This study was focused exclusively on the ESM application – something our team believes to be the first of its kind!

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