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Road Map foR SucceSS - Santa Gertrudis Breeders International

Road Map foR SucceSS - Santa Gertrudis Breeders International

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IV. Balanced Scorecard ApproachBalanced ScorecardApproachWhy was this approach chosen to develop SGBI’s LongRange Plan? Simple … it works! The balanced scorecard approachhelps us focus beyond financial measures of successby connecting the various “perspectives” of the organization.Financial objectives allow us to complete our goals, butwhat about developing human capital through learning andgrowth, making processes more effective and key stakeholderoutcomes that will ultimately determine success? Byconnecting the various “perspectives,” we avoid planning inpockets and creating a disconnect among different interestgroups. Success is also a function of its simplicity; the entirestrategic plan is synthesized on two sheets of paper. Theeffort required to keep the plan going and alive is reducedsubstantially and focus is crystal clear to everyone in theorganization. In the end, communication is critical to thesuccessful implementation of a strategic plan. This approachsimplifies this aspect.SGBI Strategy <strong>Map</strong>Step 1 was to develop a strategy map. Strategy maps definewhat the objectives are, provide a framework for building acommunication strategy, and force the organization to thinkabout cause and effect relationships. The process of creatinga strategy map ensures both consensus is reached over a setof interrelated strategic objectives, and outcomes and driversof future performance are identified to create a completepicture of the overall strategic direction.The strategy map built for SGBI will help promote the bigpicture focus and help visually communicate the relationshipamong strategic objectives. The results of both themembership survey and the member focus group discussionswere used to determine the strategic objectives withineach association “perspective” (i.e. stakeholder success,processes, learning and growth, and financial). The map wasbuilt from the top down, keeping in mind the No. 1 objective:“To improve Member/Customer Profitability, Sustainabilityand Satisfaction.” The plan is then powered fromthe bottom up starting with “Increase Revenue Flow,” andas you move up, each objective enables the success of thoseabove it.SGBI Balanced ScorecardStep 2 was to develop a balanced scorecard. The balancedscorecard builds upon the strategic objectives defined in thestrategy map. Essentially, it is a management tool to help theorganization make detailed strategic decisions and measurethe effectiveness of the strategic plan.Within each association “perspective,” several strategic initiativeswere created to help accomplish the strategic objectives.Strategic initiatives are designed to identify activitiesto accomplish objectives. Measures and targets were thenassigned to track success of those objectives. The intentwas not to measure everything, just the right things. Finally,specific SGBI association committees will be charged withdeveloping more detailed action items to achieve the desiredobjectives, initiatives and measures.road map for success | 2013-2017 PAGE 11

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