1. From Strategy to Execution
9th Pacific Water Conference and Expo - Tonga
9th – 12th august 2016

2. – Morris Chang CEO of TMSC
Without execution strategy is aimless, Without strategy execution is useless
– Morris Chang CEO of TMSC

4. WHY A BALANCED SCORECARD?
The Rise of Intangible Assets in Value Creation
Financial Measurement and Its Limitations
Not consistent with today’s business realities
Driving by rear view mirror
Tendency to reinforce functional silos
Sacrifice long-term thinking
Financial measures are not relevant to many levels of the organization
Strategy Execution is Everything

5. What is a Balanced Scorecard?
Tool that balances the historical accuracy and integrity of financial numbers with the drivers of future financial success
Tool that provides both visibility and insight into intangible assets
Tool that is proven to help organizations successfully combat and overcome the barriers of strategy execution

7. An Integrated Strategic Planning and Performance Management System that:
Communicates with clarity the organization’s vision mission and strategy to employees and stakeholders
Aligns the day-to-day work to strategy and vision
Provides a framework for prioritizing programs, projects, services, products and resources
Use strategic performance measures and targets to measure progress

8. How to use A Balanced Scorecard?
Communication Tool
Measurement System
Strategic Management System
Major Change Initiative

9. CRITICAL SUCCESS FACTORS
Mobilize Change through Engaged Leadership
Make Strategy a Continual Process
Make Strategy Everyone’s Job
Align the Organization to the Strategy
Translate the Strategy into Operational Terms

10. Benefits of using a balanced scorecard
Demonstrate Accountability and Generate Results
Improving Performance Against the Mission
Attract Scare Resources (Funding & Talent)
Create a Focus on Strategy
Self-Preservation
Drive Change
Inspire Trust

13. Q&A