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Some alternative strategies to Balanced Scorecard (BSC) for strategic planning include SWOT Analysis (Strengths, Weaknesses, Opportunities, and Threats), PESTEL Analysis (Political, Economic, Social, Technological, Environmental, and Legal), Scenario Planning, and Porter's Five Forces Analysis. These strategies provide different perspectives and can be used depending on the specific needs and context of the organization.
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Financial (aka Stewardship) – this perspective analyzes an organization's financial performance and financial resources utilization. Customer/Stakeholder – this perspective analyzes organizational performance from the customer or key stakeholders point of view. Internal Process – this perspective analyzes an organization's performance in relation to the product/ service quality and efficiency. Organizational Capacity (aka Learning and Growth) – this perspective analyzes key aspects of progress performance, such as human resources, infrastructure, technology, culture, etc.
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Need a way to streamline your strategic planning process? The Balanced Scorecard (BSC) is a tried-and-true method used by some of the most successful...
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