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

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

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

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

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

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

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

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

Q&A