Integrating Strategy Planning and Operational Execution: A Six-Stage System
نویسنده
چکیده
Luxfer Gas Cylinders, a global manufacturer and distributor, provides an apt illustration of Kaplan and Norton’s six-stage management system (see On Balance story). A 2006 BSC Hall of Fame winner, the U.K.-based company (with operations in Europe, the Asia-Pacific region, and North America), excels at three stages: planning the strategy, aligning the organization, and planning operations—in particular, at making the crucial link between strategy and operations. Few organizations have achieved the level of sophistication and rigor Luxfer has in managing by strategic theme and integrating its planning processes.This special extended Case File offers rich detail about Luxfer’s approach.
منابع مشابه
Marketing Strategy Evaluation by Integrating Dynamic Systems Modeling and Network Data Envelopment Analysis
Nowadays, the service industries play an essential role in the economic development of countries, and among the various fields of insurance, life insurance is of particular importance because it covers its cover directly to humans. Increased competition in the insurance industry has led managers to seek marketing strategies that, in addition to increasing insurance sales, reduce costs and gain ...
متن کاملمسیر بودجهریزی عملیاتی نوین
By studying the evolution history of budgeting systems, you may discern three stages: In the first stage, controlling role of budget is regarded its major function. In the second stage, budget is considered as a means for management improvement. In the third stage, the role of budget is considered in economic planning, implementation of programs and government performance management. After Wor...
متن کاملIntegrating Your ERP and MES to Improve Operations
Advanced enterprise integration applications enable companies to leverage real-time information exchange between the business layer and the production layer to increase operational efficiency.
متن کاملFeasibility and Prioritization of Operational Budgeting Dimensions in a Military Medical University
Background: Due to the legal necessity of changing the approach of universities from traditional budgeting into the operational budgeting system, it should be noted that this method of budgeting is associated with challenges. The aim of this study was to evaluate the feasibility and prioritization of operational budgeting dimensions in a military medical university. Materials & Methods: This d...
متن کاملEfficacy of fuzzy MADM approach in Six Sigma analysis phase in automotive sector
Six Sigma is a strategy for achieving process improvement and operational excellence within an organization. Decisions on critical parameter selection in analysis phase are always very crucial; it plays a primary role in successful execution of Six Sigma project and for productivity improvement in manufacturing environment and involves the imprecise, vague and uncertain information. Using a cas...
متن کامل