"I think it's a good real world approach to use both methods,
My immediate idea is that the BSC modified the numbers(quantitative) scorecard to include qualitatives, so to map the BSC to BMC, the learng and growth can be matched to key…"
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Kenneth McGrath
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- Ottawa, Ontario
- Canada
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Sjoerd Schudde liked Kenneth McGrath's blog post The Business Model Canvas and the "Balanced Scorecard"
SK Jeon commented on Kenneth McGrath's blog post The Business Model Canvas and the "Balanced Scorecard"
Mike Lachapelle commented on Kenneth McGrath's blog post The Business Model Canvas and the "Balanced Scorecard""@Nicholas: That is a excellent observation. Let me add another corruption I have recently experienced. An organization with whom I am currently working listed BSC as a 'financial management' tool. Their logic was built around the belief…"
Kenneth McGrath commented on Kenneth McGrath's blog post The Business Model Canvas and the "Balanced Scorecard""@Nicholas: Good point! The client I am dealing with has been using the BSC to measure not to strategize. What I need is to ensure that they're getting project-level metrics for IT that supports their model and can be related back to their…"
Nicolas De Santis commented on Kenneth McGrath's blog post The Business Model Canvas and the "Balanced Scorecard""Juts a comment that might come useful in my use of the BSC: Some organizations turn to the Balanced Scorecard in an effort to formulate their strategy. This is a mistake, one that can derail your implementation efforts, since the tool was designed…"
Kenneth McGrath commented on Alex Osterwalder's blog post Business Model Foundry - the iPad app"Just bought my iPad. Waiting for your App now Alex. No pressure. :)"
Kenneth McGrath commented on Kenneth McGrath's blog post The Business Model Canvas and the "Balanced Scorecard""@ Martin: Can you please elaborate on your approach or maybe send me an example off-discussion so I can see how you're doing this? If you can't because of client or company confidentiality reasons, no worries. I'm trying to do what…"
Kenneth McGrath commented on Kenneth McGrath's blog post The Business Model Canvas and the "Balanced Scorecard""@Mike: Once again thanks. This is awesome help."
Mike Lachapelle commented on Kenneth McGrath's blog post The Business Model Canvas and the "Balanced Scorecard""Since the original conversation was a bout the Balanced Scorecard approach let me add to this discussion by including and example of a strategy map which was used in the transition from BM innovation to implementation of changes.
Having created a…"
Kenneth McGrath commented on Kenneth McGrath's blog post The Business Model Canvas and the "Balanced Scorecard""@Mike: Thanks. This is very clear. Diagrams always seem to help (me at least)."
Mike Lachapelle commented on Kenneth McGrath's blog post The Business Model Canvas and the "Balanced Scorecard""Hey Ken
The business context idea goes back to Alex's thesis. The 4th component is the business model (the rationale for the business), the first three elements form a triangle in their interaction and the fourth, the business model sits in…"
Kenneth McGrath commented on Kenneth McGrath's blog post The Business Model Canvas and the "Balanced Scorecard""@Mike: Okay, so the fourth perspective in Balanced Scorecard which is supposed to include training (which I would view as an activity when it's explicit as in eLearning, classroom training) is NOT part of the Key Activities within the business…"
Mike Lachapelle commented on Kenneth McGrath's blog post The Business Model Canvas and the "Balanced Scorecard""My take on the 4th perspective is one of the interpretations drawn from the Norton and Kaplan book Strategy Maps. We framed this layer - the enabling layer- as 'capacity' as it realtes to three areas, human capacity, organizational…"
Carole Ngiamba commented on Kenneth McGrath's blog post BMI for Artists, Musicians, Filmmakers"Has an artist, I can confirm how much the visual part of the BMI canvas acted on me like a puzzle that recreates itself...this is really a door to Freedom.
BMI canvas itself is an artistic creation! full of freedom and possibilities....
Thanks for…"
Kenneth McGrath commented on Max Forcett's blog post Business Model Evaluator?!? (Online-Test)"Max, It's very common for people outside of Canada not to know about this issue. Even Wikipedia and most dictionaries still have serious entries under the term "eskimo"! The Back of the Napkin rocks! I think Alex model proves how well…"
Profile Information
- Why are you passionate about business models and business model innovation?
- As a Sr. Business Analyst and Project Manager, I feel that it every business should be able to articulate its business model clearly and refer all changes to this model so that everyone in the organization is truly taking things in the same direction.
- How would you best describe your level of expertise when it comes to business models?
- knowledgeable
- Who do you work for? What do you do?
- I am a consultant, currently establishing a Business Analysis Centre of Excellence for a major Canadian crown corporation.
- What industry do you mainly work in (e.g. financial services, telco, utilities, public sector, academia, pharma...)?
- Various, my S.M.E. knowledge is in Enterprise Learning
- What is the size of the organization you work for?
- freelance/independant
Kenneth McGrath's Blog
The Business Model Canvas and the "Balanced Scorecard"
Posted on May 25, 2010 at 10:30pm 13 Comments 1 Like
In my last Blog post, I was (and I continue) looking for some way of measuring "business value" for a Crown corporation at both the strategic (portfolio) and project levels of analysis.
I've found two articles that are, in my view, worth reading:
Continue Defining "Business Value" for the Enterprise
Posted on May 25, 2010 at 5:10pm 0 Comments 0 Likes
I'm currently working for a major Crown corporation setting up a Business Analysis Center of Excellence. One of the things that I am trying to do is make the link between what's of value to the enterprise (at the portfolio level) and what's considered of value for each software project that supports the enterprise.
I've used the Business Model Canvas to analyze how the enterprise works. The enterprise is not driven purely by a profit motive because it is a Crown corporation.…
Continue Realizing the Value of the Business Architecture - Commentary
Posted on April 14, 2010 at 6:30pm 0 Comments 0 Likes
Having read this article on Modern Analyst, I am now interested in reading the book HOWEVER I have some concerns that the book's approach to modeling business architecture might not have the same impact it might if it were framed through the BMI Canvas.
Personally I'm looking for a way to take Alex' BMI Canvas from model to architecture-level detail(s) with benefits realization management (BRM) built into the diagramming.
Here's the article…
Continue BMI for Artists, Musicians, Filmmakers
Posted on April 8, 2010 at 4:00pm 1 Comment 0 Likes
I have always had a soft spot for my friends who make their livings as "artists". I think they're very gutsy people and I admire the fact that they've abandoned the proverbial 9 to 5 to unleash their muse, chase their dream or live their symphony. In fact, I'm very much like them -…
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