Strategy Essay Example | Topics and Well Written Essays - 250 words - 8

Strategy - Essay ExampleThe memorial tablet had limited focus on the hallucination and boot statement and hence was not as effective. Regardless, below are some of the key points discussed by Kaplan and Norton that contact to the excellence of any accustomed organic law.Primarily, the main goal of a balanced scorecard is setting the organisational mission and vision statements. These vision and mission statements not only state the various aspects required in the organization but also guide the employees and the entire workforce towards a united goal. As such, the subject argues that the importance of the vision statement is to ensure that a given organization is performing at its shell at all given times. A good vision is vital for the success of any given organization. Our organization had a great vision statement but a few employees within the organization only knew the statement.Finally, another key feature discussed in detail by the article is translating the vision. Ass essing the progress make by the organization towards the attainment of the set vision is decisive to monitor progress. Consensus between management and the subordinates is crucial for the utmost success of the organization. This was a key feature of the balanced scorecard that was missing from my former organization. The vision was not a key focus of the organization, and the management mostly focused on short-term goals, which earlier affected its efficiency greatly. Such additions to the organization structure are crucial for the success any organization in attaining its main