On November 3rd, Palladium announced the ten organisations inducted into the 2015 Palladium Balanced Scorecard Hall of Fame for Executing Strategy® at Palladium's annual Strategy Execution Global Summit.
The Hall of Fame honours organisations that have achieved outstanding performance results using the Balanced Scorecard, a strategy management framework created by Drs Robert Kaplan and David Norton, founders of the strategy consulting arm of Palladium. Today, the Balanced Scorecard and Kaplan-Norton strategy management system are among the most widely-used management frameworks worldwide. Past honourees include more than 200 organisations from nearly 40 countries, including corporations, government entities, and non-profits.
In 2015 there were 10 winners, Portuguese Navy among them, the only military organization.
The Portuguese Navy has focused on strategic planning since the 1980s, but they recognized that a gap still existed between strategic planning and real-world execution. Since they adopted the Balanced Scorecard to bridge that gap in 2010, they have seen a marked cultural change toward long-term, strategic thinking and a 32% decrease in disengaged employees. Today, their military investment implementation rate is nearly 100%, and they have dramatically expanded the types of international naval and marine operations they are able to execute.