On March 14th, 2018 Palladium announced two organizations inducted into the 2017 Palladium Balanced Scorecard Hall of Fame for Executing Strategy.
The Hall of Fame honors organizations that have achieved outstanding performance results using the Balanced Scorecard – a strategy management framework created by Drs Robert Kaplan and David Norton, founders of Palladium’s strategy consulting practice. Today, the Balanced Scorecard and Kaplan-Norton strategy management system are among the most widely-used management frameworks in the world. Past honourees include more than 200 corporations, government entities, and non-profits from nearly 40 countries.
Christopher Hirst, Managing Director of Strategy and Corporate Development at Palladium, said,
“The Hall of Fame program continues to demonstrate how essential structured strategy execution is to an organisation achieving results. At Palladium, we are driven by Positive Impact – the creation of enduring economic and social value. We combine our strategy execution and implementation expertise to assist organisations in achieving their Positive Impact strategy. Congratulations to our 2017 winners; both of them are inspiring examples of how vision and well-executed strategy can combine to make a real difference to businesses and communities.”
The class of 2017 winners are:
Agrosuper – With over $2.5B (USD) in revenue, Agrosuper is the largest white meat producer in Chile. A Balanced Scorecard-based strategy management approach was instituted in earnest in 2012 as a tool to aid in expanding effectively beyond Chile and into the global meat market. In the four years preceeding its application for the award, Agrosuper realised various industry-leading results. Revenue increased by 99% while EBITDA increased by 261%. The organisation went from being the 7th highest rated supermarket supplier to being the top rated supplier. Various key productivity measures also improved including a 10% increase in the number of kilograms of meat produced per work hour. Further, Agrosuper has increased its Great Places to Work® score to be within the range of scores earned by the top 50 companies in Chile.
Philippine Army – In 2010, the Philippines was considered one of the most corrupt countries in the world, ranking 134 out of 178 countries on Transparency International’s Corruption Perception Index. The Philippine Army recognised that even the perception of corruption within the institution compromised its ability to successfully achieve its important mandate. The institution decided to invest in improving its strategy and governance capabilities using the Balanced Scorecard framework. As a result, in the six years preceding its application, the Army improved its net trust rating from 52% to 75% while also improving overall operational readiness from 67.6% to 73.0%. Audit findings have fallen over 50% per category while doctrine development time has been cut from 6 years to less than 1. The troops are happier as well with satisfaction averaging 3.9 out of 4, 1.8 points higher than 2010.
Case studies for both organisations are available here.