News within the scope of EUROMARFOR
 Back to previous page
November 10, 2015
Portuguese Navy awarded with a prize of Palladium 2015 Hall of Fame for Executing Strategy

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.

[Read more]

 Armando Correia   2015-11-10 10:14:13   67 / 38934;
 Back to previous page
Developed by CAPT(PON) Armando Dias Correia
Updated by EUROMARFOR Permanent Cell