The Strategy-Focused Organization
- Topics:
- Strategic Management Tools
- Tags:
- Harvard Knowledgebase,
- Management,
- Strategy
- Source:
- Harvard Knowledgebase
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Overview: The article takes an example of Mobil North America Marketing and Refining (NAM&R), a multibillion-dollar division of ExxonMobil, for putting the five principles of a Strategy-Focused Organization into practice. The five principles are : translate the strategy to operational terms; align the organization to the strategy; make strategy everyone's everyday job; make strategy a continual process; and mobilize leadership for change. The article tells how Mobil NAM&R applied the last of those principles—mobilizing leadership for change— in transforming the company from "an underperforming organization that was inwardly focused, bureaucratic, and inefficient into the leader in its industry." In the ten years since it was introduced, Balanced Scorecard has become not just a measurement tool but a means of putting strategy at the center of a company's key management processes and systems.
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Format: HTML | Date: Oct 2000 | Pages: 1
