Description

Welcome to another insightful episode of "The Ultimate Strategy Podcast!" Your go-to resource for everything strategy-related. Each week, we delve into a new topic designed to make strategy both approachable and actionable, helping your business grow smarter.

In this episode, Miriam and Laura delve into the world of strategy execution frameworks. They break down popular approaches like the Balanced Scorecard, Hoshin Kanri, OKRs, and V2MOM, discussing how each can be applied to drive success in your organization. Learn the pros and cons of each framework, backed by real-world examples, and get insights on how to choose the right one for your business.

Chapters

00:00 Introduction

03:10 The Balanced Scorecard

06:18 Hoshin-Kanri

10:35 V2MOM

13:20 OKRs

18:20 The McKinsey Strategic Horizons Framework

19:50 Choosing the right framework

23:40 Closing Thoughts

25:35 Next Episode

Key Learnings

• Frameworks Defined: Strategy frameworks set your destination, while execution frameworks guide the journey. Understanding this distinction is essential.

• Choosing the Right Framework: There is no one-size-fits-all solution. The effectiveness of frameworks like Balanced Scorecard, Hoshin Kanri, V2MOM, and OKRs depends on your organization's size, culture, and goals. Tailor your approach to what best fits your needs.

• Flexibility is Key: While frameworks provide structure, adaptability is vital. Regular reviews and adjustments, especially in dynamic environments, ensure that your strategy remains aligned with your evolving business objectives.

About Our Sponsor

Cascade is the #1 strategy execution platform that helps organizations turn visions into reality by centralizing strategy planning, execution, and tracking in one place. From deploying life-saving vaccines to engineering the fastest Formula One cars, Cascade helps organizations around the world achieve their strategic goals.

Resources

• Check out Cascade at https://www.cascade.app/
• Subscribe to The Ultimate Strategy Podcast on your favorite platform to never miss an episode!
• Follow us on LinkedIn for updates and more strategic insights: /cascadestrategy

Don't Miss Our Next Episode!

Tune in next week when we’ll be talking about planning for next year. This episode will be packed with practical tips you don't want to miss!

Thanks for listening! Remember, great strategies are only as good as their execution. Take action, make it happen, and see the results. See you in the next episode for your weekly dose of strategy.

About the Speakers

Miriam Lesa: Miriam serves as the Strategy Execution Director at Cascade, bringing 15 years of experience from top-tier corporations like Siemens and Adidas. Her background in strategy and marketing, particularly in leading strategy for Adidas in Canada, equips her with a holistic understanding of business direction and cultural impact. Miriam's passion lies in making strategy approachable and actionable, ensuring organizations not only plan effectively but also execute with excellence.

Laura Blackmore: Laura is the Head of Strategy Execution at Cascade, with over a decade of experience helping organizations improve their efficiencies using cutting-edge tools and strategies. Her expertise spans from health and safety initiatives to AI deployments, making her a versatile leader in strategic execution. Passionate about translating strategic visions into actionable plans, Laura's insights help businesses achieve their goals with precision and agility.

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