Strategy mapping

Strategy mapping

Instructions:
 

3 pages 2 sources APA paper Details Explain the process of strategy mapping and how it relates to performance management and establishing value propositions. You may discuss this theoretically or use the Glacier Inn case study presented in the Armitage and Scholey (2009) document in your readings to serve as an example for integrating these ideas. Alternatively, you can use the Hazard Action Zone case study presented in Murby & Gold document (see background readings) if you'd prefer. Armitage, H., Scholey, C., (2006). Using strategy maps to drive performance. Society of Mgt. Accountants of Canada. Retrieved from: http://www.cimaglobal.com/Documents/ImportedDocuments/Tech_MAG_Strategy_Mapping_March07.pdf Introduction: In this part of your essay you will need to introduce your topic and provide a very brief overview of the key points you plan to make in your paper. Analysis: In this section you will present the actual comparison and contrast between BAA's approach to the Balanced Scorecard and more traditional approaches. Conclusion: Wrap up your argument with a clear and cogent synopsis of your findings. Do your best to convince your reader (aka, your professor) as to your position. You must include a title page and a list references. APA formatting is preferred. Do not paste in sections of text into your essay. All of your work must be written in your own words. Short quotes are ok now and again, but quotations must be in quotation marks and properly cited. In-text citations should be used anytime you are borrowing somebody else's ideas, or information. That is to say, if you are borrowing a thought from a publication from J. Neutron's article written in 2010, that section of text must be followed with (J. Neutron, 2010). Quotations, data, and general ideas (put into your own words) should all be cited. MacKay, A., (2004) A practitioners guide to the balanced scorecard: A practitioners' report based on: Shareholder and stakeholder approaches to strategic performance measurement using the balanced scorecard. Chartered Institute of Management Accountants. Retrieved from: http://www.cimaglobal.com/Documents/Thought_leadership_docs/tech_resrep_a_practitioners_guide_to_the_balanced_scorecard_2005.pdf Murby, L., Gould, S., (2005). Effective Performance Management with the Balanced Scorecard: Technical Report. Chartered Institute of Management Accountants. Retrieved from: http://www.cimaglobal.com/Documents/ImportedDocuments/Tech_rept_Effective_Performance_Mgt_with_Balanced_Scd_July_2005.pdf Armitage, H., Scholey, C., (2006). Using strategy maps to drive performance. Society of Mgt. Accountants of Canada. Retrieved from: http://www.cimaglobal.com/Documents/ImportedDocuments/Tech_MAG_Strategy_Mapping_March07.pdf

 
Content:
 

Performance Management Insert Name Subject Date Institution Companies formulate strategies to be competitive and the success is based on its implementation. There are few businesses that execute strategies effectively while others fail to meet their prospects. The reasons organization experience failure in execution of strategies is the lack of the top management to communicate the vision and involving all employees in achieving the goals. Most of the companies have clear processes in creating strategies but there is a gap that exists between the design and implementation. Tools and different ways have been created to decrease the gap and one tool that is in use is the strategy map. Strategy mapping is a process that has been introduced by management gurus for effective execution of strategies in companies. A strategy map finds connection amid critical features for the company's strategy. The link between the employee motivation, increase in productivity and profit (Kaplan and Norton, 2004). The organization requires creation of a vision, mission and strategy. The top management requires the introduction of performance measurements that is precise that will enable vision, mission and strategy statements all employees to act. In strategic performance management the key element is the balanced scorecard. The balanced scorecard improves the businesses performance implementation. Organization strategy needs all stakeholders to comprehend and implement
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