Addressing strategy management and the balanced scorecard
Most organizations recognize that there is a significant gap between their strategic plans and their
ability to execute. Today, most organizations rely on the budget process to bridge the gap. Managers are told the
results that are required for next year and in turn they develop a revenue/cost budget to achieve them.
But this process is usually devoid of anything to do with strategy and how it works into the overall strategic plan. Which brings us to the other issue: How do we monitor the plan?
