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Execution Excellence

BOOK REVIEW

pmwj47-Jun2016-Creer-Rygalski-BOOKBook Title: Execution Excellence: Making Strategy Work Using the Balanced Scorecard
Author: Sanjiv Anand
Publisher: John Wiley & Sons Inc.
List Price:   US$28.00       
Format: hard cover and e-book
Publication Date:   2016     ISBN: 978-1-119-19646-4
Reviewer:     Heather Creer-Rygalski, PMP
Review Date: June 2016

 


Introduction

Are you an organization in need of some strategy improvements but you don’t know where to begin, what strategy to use, what a strategy map is or even know how to create a balanced scorecard? Have even more questions? If so, then read this book and require others within the organization to read it as well!

By Anand’s own admission, this is not one of those books you can read and complete on a plane ride and honestly, you would not want it to be.

Using the book as a framework for an organization will create a “positive strategy and focus on key points in order to execute it” (pg. 177), establish a focus point and measurement for the strategy, develop ownership among individuals responsible for various aspects of the strategy, jumpstart positive communications between departments, create a roadmap for staying on track with the established monthly meetings and lastly, prove to all that not only does youth matter, so too does gray hair!

Overview of Book’s Structure

Anand begins the Balanced Scorecard creation by first discussing the role of a strategy, its formulation and continues through to its execution. Throughout he offers best practices and practical uses as well as pitfalls he has seen firsthand through his thirty years of consulting for businesses across the world.

Beginning with the strategy components that work, “strategy is about understanding the three components” (pg. 11) the External Assessment of the strategy, the Internal Assessment and the Way-Forward Strategy Formulation. Upon completion of the assessments and the strategy formulation, one should have “a really neat and simple strategy document about 150 pages.” (pg. 14)

He continues by adding some must haves such as “targets should be a balance between aggressive and realistic” (pg. 17) and the “board, CEO and management team should be aligned and believe the strategy can be executed” (pg. 18). Without complete and total buy-in of all parties, the strategy just created will inevitably and utterly fail!

The total buy-in theme is repeated throughout the book. Even when department heads, CEO or the balanced scorecard coordinator are replaced, sticking to the strategy with minimal interruptions is truly best for the strategy to succeed. Hidden agendas and drastic changes must be acknowledged and halted immediately to maintain the Balanced Scorecard strategy.

Highlights

Anand emphasized challenges that may be encountered when creating the balanced scorecard such as too many and/or too few objectives for Design Challenges and too many changes to the design for the Implementation Challenges. Knowing the possible challenges ahead of time through his book, might save an organization from avoidable pitfalls.

More…

To read entire Book Review, click here

 


About the Reviewer

pmwj47-Jun2016-Creer-Rygalski-PHOTO
Heather Creer-Rygalski, PMP

North Texas, USA

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Heather Creer-Rygalski
, PMP has more than 20 years of experience working in education, training, and professional development. She has used her project management training to steer all of her projects in the corporate arena and several public school systems. Heather has a BA in Psychology, and a Master’s in Education, both from Southwest Texas State University. She may be contacted at [email protected]

 

Editor’s note: This book review was the result of a partnership between the publisher, PM World and the PMI Dallas Chapter. Authors and publishers provide the books to PM World; books are delivered to the PMI Dallas Chapter, where they are offered free to PMI members to review; book reviews are published in the PM World Journal and PM World Library. PMI Dallas Chapter members can keep the books as well as claim PDUs for PMP recertification when their reviews are published. Chapter members are generally mid-career professionals, the audience for most project management books.

If you are an author or publisher of a project management-related book, and would like the book reviewed through this program, please contact [email protected].