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Business Consulting

Strategic Alignment

Is There Alignment in Your Organisation or Chaos?

By | Blog, Business Consulting | No Comments

Written by: The Balanced Scorecard Institute

To be successful, you have to have your heart in your business, and your business in your heart

Alignment refers to strategic alignment, that is, the degree to which the organisation’s people and resources are focused on the strategy. The opposite of alignment is “chaos”, where managers, programs and projects are aiming at different goals and there is lack of a common vision, leading to wasted energy, delays, conflict and confusion.

Features of the organisation that can be aligned include:

  • Values
  • Vision
  • Mission
  • Strategic plans
  • Budgets
  • Policies
  • Procedures
  • Functions
  • Themes,
  • Objectives,
  • Information standards 
  • Organisation structure. 

Alignment measures the degree to which:

  • People at all levels are motivated by a common vision and strategy
  • People understand that supporting the strategy is their job
  • People are self-motivated, not merely by compliance to rules
Strategic Alignment

Get actionable steps that can be implemented to achieve #strategicalignment within your organisation by registering for the Balanced Scorecard Associate Certificate Programme carded for March 25th, 26th & 27th, 2020 at the Lok Jack GSB, Campus.

To learn more about becoming an internationally certified Balanced Scorecard Associate click HERE

For further information:
📞 (868) 310-3031 (Trinidad) or +592-673-5980 (Guyana)
📧 odac@lokjackgsb.edu.tt

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Strategic Thinking

9 Traits of a Strategic Thinker

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Written by: The Balanced Scorecard Institute

“I think and think for months and years. Ninety-nine times, the conclusion is false. The hundredth time I am right.” (Einstein).

Strategy development is not a “cookbook” process. It is a challenging, heuristic task that requires strategic thinking. Strategic thinking involves several traits:

  1. The ability to use consistent definitions of planning terms and to understand their distinctions;
  2. Awareness of the distinctions between project planning and strategic planning;
  3. The ability to discuss and describe items in plans at the appropriate “strategic altitude”;
  4. Awareness of the dynamic system effects in organizations, such as delays and feedback;
  5. The openness to new ideas and encouragement of creativity and innovation;
  6. The openness of the planning process to a team of employees of various ranks and functions;
  7. The degree to which alternative strategies and scenarios are considered;
  8. The linkage of strategic planning to budgeting;
  9. The ability to write and speak with clarity and simplicity.

Evidence for the degree of strategic thinking can be found in the organization’s strategic planning documents.

Strategic Thinking

Enhance your #strategicthinking and #strategicdevelopment skills by registering for the Balanced Scorecard Associate Certificate Programme carded for March 25th, 26th & 27th, 2020 at the Lok Jack GSB, Campus.

To learn more about becoming an internationally certified Balanced Scorecard Associate click HERE

For further information:
📞 (868) 310-3031 (Trinidad) or +592-673-5980 (Guyana)
📧 odac@lokjackgsb.edu.tt

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Corporate Culture, Values and Leadership

6 Ways To Assess Your Organisation’s Culture and Values

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Corporate Culture, Values and Leadership

Written by: Balanced Scorecard Institute

“A leader leads by example, whether he intends to or not.” (Author unknown).

This dimension refers to the culture and values inside the organization, and it addresses leaders’ and employees’ shared understanding and agreement with stated values. Most organizations post a values statement with a list of virtuous words. What distinguishes maturity is the degree to which those values are communicated, understood, and practised – by the leader as well as by all employees. Evidence of mature workforce culture and values include:

  1. Thoughtful applications of change management principles and practices by the leadership
  2. The degree of ownership that employees feel for the vision and values of the organization
  3. The degree of participation in shaping the organization’s culture and ways of working
  4. The level of trust, transparency and freedom to communicate with candor, as opposed to a culture of fear and denial
  5. The degree of flexibility and willingness to change to align to new strategic priorities
  6. The level of awareness and consistency of adherence to stated values and policies.
Leadership, Workplace Culture and Values

Examine strategies to enhance your workplace #culture and #values at the Balanced Scorecard Associate Certificate Programme carded for March 25th, 26th & 27th, 2020 at the Lok Jack GSB, Campus.

To learn more about becoming an internationally certified Balanced Scorecard Associate click HERE

For further information:
📞 (868) 310-3031 (Trinidad) or +592-673-5980 (Guyana)
📧 odac@lokjackgsb.edu.tt

Becoming a 21st Century Organisation

By | Blog, Business Consulting | No Comments

As we enter the 21st century, a number of trends in organizational design are emerging. Attractive ideas such as knowledge sharing, freedom from hierarchy, and renewal are being explored. Leading companies are endeavouring to transform their organisations, leaving behind the baggage of the old economy and adopting a new paradigm more suited to the new century (M. Goold & A. Campbell).

At our Organisation Design Conference and Executive Certificate programme we will explore some of these trends and themes that drive current organisation thinking. In addition, we will discuss why some are popular and go a step further to determine if they’ve passed or failed our test! These include:

  • Multi-dimensionality
  • Knowledge sharing
  • Disaggregation
  • Freedom from hierarchy
  • Stretch for high performance
  • Renewal

What’s your Organsiation Design strategy? Ready to test it?

 

This is a relevant topic for all companies who are in the process of making themselves ‘fit for purpose’ given the region’s current economic landscape.

The time is now!!! Book your spot for to be part of this onetime offering!

…Seats are going fast. See you there…

From the desk of your OD Champion

Click here to Register Today!

The New Procurement & Contract Management Approach Webinar

By | Business Consulting, Consulting, Webinars | No Comments

The New Procurement & Contract Management Approach

Lok Jack GSB Consulting Services, in collaboration with PricewaterhouseCoopers (PwC), held its latest Webinar Wednesdays’ discussion on “The New Procurement & Contract Management Approach”.

Speakers Pascall Marcelin, Attorney-at-Law, Consultant and Certified Procurement Manager, and Sheldon Ali, Management Consultant with PricewaterhouseCoopers (PwC) share their expertise on the procurement trends locally and across the Caribbean, and dive deeper into understanding the ‘New Procurement Act’ and what that represents for Organisations and Businesses today with regard to best practices.

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