... where visionaries, game changers, and challengers discuss business models
I am teaching BMG and studying how to transform the CANVAS in strategy objectives. I am trying using Balanced Scorecard after the SWOT and Blue Ocean Strategy to visualize the objectives and start action plans. I would like to open a discussion to know how are you transforming CANVAS in objectives to convert in tatical directions and after, action plans. How about?
Some time ago (Oct 2010) we had a discussion on the topic of the relationship of the canvas to balanced score card. You can find the discussion here.
In the project I reference in that discussion, we used the canvas to create an understanding of the business model of the organization, then as a tool to find and agree on a set of innovations. When it came time for the implementation of the innovations, we used a strategy map to lay out the strategies we would need to follow to achieve the innovations, then translated those strategies into a portfolio of projects to be tracked. The organization didn't use BSC as it's portfolio management, but it is certainly one of the tools you can use to track and report on project implementation.
The important point here is the canvas and BSC are two very different, but complementary tools to achieve innovation in an existing organization.
I agree with you, Mike. Thanks for the information.