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PM edition. Issue number 1023

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Quote:  John Doerr - Venture Capitalist

“An effective goal-setting system starts with disciplined thinking at the top, with leaders who invest the time and energy to choose what counts.” — John Doerr, Measure What Matters

This insight from John Doerr encapsulates the transformative power of Objectives and Key Results (OKRs) as a leadership discipline. Doerr emphasizes that meaningful organizational progress doesn’t begin with broad intentions or scattered efforts but with top leadership committing to carefully define, prioritize, and communicate the few goals that truly matter.
In the late 1990s, as a prominent venture capitalist at Kleiner Perkins, Doerr brought the OKR framework—originated at Intel by Andy Grove—to Google’s founders, Larry Page and Sergey Brin. At the time, Google was a promising but unproven startup. The company’s early leaders faced the challenge of harnessing creativity and ambition in a way that would deliver measurable results, not just innovative ideas.

Doerr’s central message to Google was: Strategy requires ruthless clarity—leaders must devote “time and energy to choose what counts,” setting focused objectives and quantifiable results. This disciplined approach allowed Google, and countless organizations since, to achieve sustained alignment, transparency, and execution at scale.


About John Doerr

John Doerr (b. 1951) is one of Silicon Valley’s most influential venture capitalists and thought leaders. Early in his career, he joined Intel, where he learned directly from Andy Grove’s culture of rigorous, measurable management. At Kleiner Perkins, Doerr helped fund and build some of the world’s most consequential technology companies, including Google, Amazon, and Sun Microsystems. Beyond capital, Doerr contributed operational insight—most notably by importing Intel’s OKR system to Google just after its founding.

His book, Measure What Matters, distils decades of experience, showing how OKRs drive performance, accountability, and innovation in organizations ranging from start-ups to global giants. Doerr continues to advocate for mission-driven leadership and data-driven management, focusing on climate and societal impact alongside business achievement.


Leading Theorists on Goal Setting and Measurement

The intellectual roots of Doerr's philosophy are grounded in the science and practice of management by objectives and the broader theory of performance measurement:

  • Andy Grove: As CEO of Intel, Grove pioneered the OKR methodology by adapting Peter Drucker’s management by objectives (MBO) into a system demanding clarity of intent and measurable results. Grove believed that carefully articulated and universally visible goals enable organizations not only to perform but to transform—insisting that ambiguous objectives breed mediocrity, while clear ones unite teams in pursuit of excellence.

  • Peter Drucker: The father of modern management, Drucker emphasized that "what gets measured gets managed." He advocated for systematic goal setting and the importance of assessing results—a philosophy foundational for OKRs and later frameworks. While not the originator of OKRs, Drucker’s insistence on measurement as a precondition for improvement shaped generations of leaders.

  • Robert S. Kaplan & David P. Norton: Creators of the Balanced Scorecard, these theorists advanced the view that organizational strategy must be translated into concrete metrics across financial and non-financial dimensions. Like OKRs, their framework requires disciplined leadership to select and communicate the few priorities that drive value.

  • Edwin Locke & Gary Latham: Their research on goal-setting theory established that specific, challenging goals lead to higher performance than vague or easy objectives, provided feedback and commitment are present. The OKR system embodies their insights by coupling ambitious objectives with clearly defined milestones.


John Doerr’s conviction is clear: Organizational greatness hinges not just on vision but on the discipline of leaders to set, prioritize, and measure what truly matters. The OKR framework, built on the shoulders of the world’s leading management theorists, remains a catalyst for clarity, focus, and transformative achievement.

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Term: Lean

Lean is a management philosophy and set of practices aimed at maximizing value for customers by systematically identifying and eliminating waste in organizational processes, particularly in manufacturing but now widely applied across many sectors. The lean approach is rooted in five core principles:

  • Define value strictly from the customer’s perspective, focusing efforts on what truly matters to the end user.
  • Map the value stream, visualizing and analyzing every step required to bring a product or service from conception to delivery, with the aim of distinguishing value-adding from non-value-adding activities (waste).
  • Create flow by organizing processes so that work progresses smoothly without interruptions, bottlenecks, or delays.
  • Establish pull systems, so that production or work is driven by actual customer demand rather than forecasts, minimizing overproduction and excess inventory.
  • Pursue perfection through ongoing, incremental improvement, embedding a culture where employees at every level continuously seek better ways of working.

Waste in lean (known as muda in Japanese) refers to any activity that consumes resources but does not add value to the customer. Classic categories of waste include overproduction, waiting, transportation, excess processing, inventory, unnecessary motion, and defects. Beyond process efficiency, lean is also about empowering workers, fostering cross-functional collaboration, and embedding continuous improvement (kaizen) into the company culture.

Key Theorist: James P. Womack

The leading contemporary advocate and theorist of lean as a strategic management system is James P. Womack. Womack transformed the field by articulating and popularizing lean concepts globally. He is best known for co-authoring the seminal book The Machine That Changed the World (1990) and, with Daniel T. Jones, codifying the five lean principles that underpin modern lean practices.

Biography and Relationship to Lean:
James P. Womack (born 1948) is an American researcher, educator, and founder of the nonprofit Lean Enterprise Institute (LEI) in 1997, which has become a principal center for lean research, training, and advocacy. Womack’s work in the 1980s and 1990s brought the insights of Toyota’s production system (TPS)—the original inspiration for lean manufacturing—to Western audiences. By documenting how Toyota achieved superior quality and efficiency through principles of waste reduction, flow, and respect for people, Womack reframed these practices as a universal management system, not simply a set of tools or Japanese business peculiarities.

Womack’s framework distilled the essence of lean into the five principles described above and provided a strategic roadmap for their application in manufacturing, services, healthcare, and beyond. His continued research, writing, and global education efforts have made him the most influential figure in the dissemination and application of lean management worldwide.

Summary: Lean is a customer-focused management system for continuous improvement and waste elimination, guided by five core principles. James P. Womack is the most prominent lean theorist, whose research and advocacy helped define, codify, and globalize lean as a foundational approach to organizational excellence.

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Quote:  Lord Kelvin (William Thomson) - Physicist

“When you can measure what you are speaking about, and express it in numbers, you know something about it; but when you cannot measure it...your knowledge is of a meagre and unsatisfactory kind.” - Lord Kelvin (William Thomson)

This iconic statement, voiced by Lord Kelvin in the late 19th century during a lecture, elegantly captures the spirit of scientific inquiry in the industrial age. Its context lies at the intersection of theory and practice: scientists and engineers were wrestling with how to systematize knowledge and drive real technological progress. The British Empire, amid the Industrial Revolution, thrived on advances in physics, engineering, and telegraphy, demanding both rigorous theory and practical, measurable outcomes.

Kelvin’s philosophy was revolutionary for his time. He argued that true understanding comes not simply from speculation or qualitative insight but must be backed by quantitative measurement. This perspective helped establish the foundation for modern scientific method and engineering practice, where empirical data and precision are paramount.


About Lord Kelvin

William Thomson, 1st Baron Kelvin (1824–1907) was a towering figure in science and engineering. Born in Belfast and educated at Cambridge, Kelvin held the chair of Natural Philosophy at the University of Glasgow for over half a century. His scholarship ranged from mathematical physics to practical engineering, and the breadth of his impact was remarkable:

  • Thermodynamics: Kelvin played a key role in formulating the first and second laws of thermodynamics, crucial to our understanding of energy and heat.
  • Absolute Temperature: He developed the concept of absolute zero and the temperature scale named in his honor—the kelvin.
  • Telegraphy & Engineering: Kelvin's inventiveness extended to significant improvements in telegraphy. His instruments and techniques were pivotal in laying the first successful transatlantic telegraph cable, earning him fame, wealth, and a knighthood in 1866.
  • Leadership: He served as president of the Royal Society and was elected to scientific societies worldwide, testifying to his international influence.
  • Legacy: His name is embedded in physics (the kelvin), and his rigorous approach to measurement helped usher in an era where engineering precision and scientific progress went hand in hand.

In 1892, he was elevated to the peerage as Lord Kelvin, the first scientist to be so honoured, choosing his title after the River Kelvin that flows by the University of Glasgow.


Leading Theorists and the Science of Measurement

Lord Kelvin’s dictum on measurement shaped the work of generations of physicists, engineers, and organizational theorists. Measurement became the keystone of operational science, influencing leading minds far beyond physics:

  • James Clerk Maxwell: Kelvin’s contemporary, foundational in electromagnetism, pursued the same ideal of quantification and precision in physical law.
  • Norbert Wiener: Later, as the founding father of cybernetics, Wiener established the science of systems, feedback, and control—fields fundamentally reliant on measurement and quantification.
  • Robert S. Kaplan & David P. Norton: In management, these scholars advanced the Balanced Scorecard, a system for translating strategy into measurable performance metrics, directly reflecting Kelvin’s principle—quantified assessment drives understanding, improvement, and accountability.
  • Peter Drucker: Often cited (sometimes inaccurately) with phrases like "what gets measured gets managed," Drucker’s management theories similarly emphasize the necessity of tangible performance indicators for organizational effectiveness. While Drucker refined this insight, Kelvin's assertion laid the groundwork for connecting measurement to both knowledge and action.

Together, these theorists built on Kelvin’s insight that measurement is not mere accounting—it is the bedrock of progress in science, engineering, and organizational strategy. The enduring impact of this idea is visible in everything from physics and engineering to business analytics and modern performance management.

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Term: OKRs - Objectives and Key Results

OKR (Objectives and Key Results) is a widely used goal-setting framework that enables organizations, teams, and individuals to define clear, aspirational objectives and track their achievement through specific, measurable key results. This approach is designed to bridge the gap between strategy and execution, ensuring that high-level organizational vision gets translated into actionable, quantifiable outcomes.

An OKR consists of two main components:

  • Objective: A qualitative, ambitious goal that describes what you want to achieve. It should be significant, concrete, and inspirational—for example, "Be recognized as the customer service leader in our market."

  • Key Results: 3–5 quantitative, outcome-based metrics that define success for the objective. These should be specific, time-bound, and track progress—such as "Reduce customer complaint resolution time from 5 to 2 hours."

Initiatives often supplement OKRs but are not required; these are the projects and actions taken to influence the achievement of the Key Results.

OKRs promote transparency, alignment, and accountability across organizations. They are generally set at the company, team, or individual level and are revisited quarterly or monthly for review and scoring.


OKRs vs. KPIs and the Balanced Scorecard

 
OKRs
KPIs
Balanced Scorecard
Purpose
Drive strategic change and achieve ambitious goals
Monitor ongoing business performance
Align business activities with strategy
Structure
Qualitative Objective + Quantitative Key Results
Quantitative metrics (standalone)
Four perspectives: financial, customer, internal process, learning/growth
Focus
Strategic priorities; change and improvement
Performance of existing processes or systems
Balance of leading/lagging indicators, strategy execution
Review Cycle
Typically quarterly
Ongoing, varies
Periodic (often quarterly, sometimes annually)
Use Case
Setting, aligning, and tracking stretch goals
Tracking and analysing performance
Strategic management and performance tracking
 
  • KPIs (Key Performance Indicators) are generally metrics that indicate ongoing performance, whereas OKRs set ambitious goals and measure progress through key results that are tied directly to those goals.
  • The Balanced Scorecard, developed by Robert Kaplan and David Norton in the early 1990s, is a broader performance management system that incorporates multiple perspectives (financial, customer, internal processes, and learning/growth) to align business activities with strategic objectives.
  • OKRs can be used in conjunction with or as an alternative to the Balanced Scorecard. Some organizations use OKRs to define and operationalize the strategic goals set in a balanced scorecard, translating these goals into measurable outcomes and aligning teams around their pursuit. Others may replace a scorecard entirely with OKRs for a more focused, agile goal-setting methodology.
 

Leading Strategy Theorist Behind OKRs: Andy Grove

Andrew S. Grove (1936–2016) is credited as the originator of the OKR framework. Born in Budapest, Hungary, Grove survived Nazi occupation and the Soviet invasion before fleeing to the United States in 1956. He earned a Ph.D. in chemical engineering from the University of California, Berkeley.

At Intel, where he was one of the earliest employees and later served as CEO (1987–1998) and Chairman, Grove revolutionized both the company and wider management thinking. In his 1983 classic High Output Management, he documented the use of "iMBO" (Intel Management by Objectives), which provided the foundation for OKRs as they are practiced today. Grove believed that combining ambitious, qualitative objectives with specific, quantitative key results was critical for driving focus, alignment, and acceleration of progress within highly competitive, fast-changing industries.

Grove’s methods directly influenced pioneers such as John Doerr, who brought OKRs to Google and played a key role in their widespread adoption in Silicon Valley and beyond.


OKRs offer a flexible, transparent alternative or complement to KPIs and tools like the Balanced Scorecard, driving organizational alignment, agility, and focus—an approach rooted in Andy Grove’s philosophy of high performance through clear, measurable ambition.

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Quote:  Robert S. Kaplan and David P. Norton – creators of the Balanced Scorecard approach

“Today's organisational value-creating activities are not captured in the tangible, fixed assets of the firm. Instead, value rests in the ideas of people scattered throughout the firm, in customer and supplier relationships, in databases of key information, and cultures of innovation and quality.” - Robert S. Kaplan and David P. Norton - creators of the Balanced Scorecard approach

This statement exemplifies a key shift in modern management thinking championed by Robert S. Kaplan and David P. Norton. Historically, companies measured their worth by physical assets—machinery, buildings, inventory, and other tangible resources. However, by the late 20th century, breakthrough research and business transformations revealed that intangible factors—knowledge, innovation, relationships, and organizational culture—were often the real drivers of sustainable value and competitive advantage.

Kaplan and Norton addressed this gap by developing the Balanced Scorecard in the early 1990s, arguing that traditional financial measures alone were insufficient to capture an organisation’s true value-creating processes. Their framework encouraged leaders to assess performance not just in terms of revenue and profit, but also through perspectives such as internal business processes, customer satisfaction, and—critically—the innovation and learning (or learning and growth) perspective. This emphasised how assets like employee expertise, informational capital, and organizational learning drive future performance and adaptability.

The quote reflects their conviction that in the knowledge economy, ideas, relationships, and a culture of continuous improvement are at the core of lasting organizational value. Kaplan and Norton’s holistic perspective reshaped global management practices, making companies far more aware of the hidden, intangible strengths that sustain growth and excellence.

About Kaplan and Norton: Theorists Shaping Strategy and Measurement

Robert S. Kaplan is an influential American academic and Emeritus Professor at Harvard Business School. Trained as an engineer and economist, Kaplan’s early research revolutionised management accounting through innovations like Activity-Based Costing. His engagement with performance measurement deepened when he collaborated with David P. Norton.

David P. Norton came from a background combining engineering, business, and consultancy, ultimately crafting a career as a management strategist and executive. Norton’s work translated academic insights into practical tools for organisations across sectors.

In 1990, Kaplan and Norton undertook a pioneering research project into how organizations measure performance. Their collaboration resulted in the creation of the Balanced Scorecard—a system designed to link strategy formulation with execution, and to provide executives with a balanced view of their organisation’s progress. Rather than relying on isolated metrics, their model integrates four perspectives: financial, customer, internal processes, and innovation & learning. This approach compels organisations to consider whether they can continually improve and create value, not just deliver short-term results.

Over the years, Kaplan and Norton continued to evolve their ideas, expanding the Balanced Scorecard approach into broader theories of strategy maps and organisational alignment. Their joint work has had profound influence, helping leaders around the world realize that a company’s most valuable assets are often those you cannot see on a balance sheet, but that can be measured, nurtured, and leveraged to achieve enduring success.

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Term: Strategic Alignment Model

The Strategic Alignment Model (SAM), as defined by Venkatraman and Henderson in the IBM Systems Journal, is a foundational framework for aligning an organization's business strategy and IM strategy to maximize value and achieve sustainable success.

The Strategic Alignment Model (SAM) was developed to address the growing need for organizations to effectively exploit IT capabilities for competitive advantage and manage the increasing complexity of aligning technology with business goals. SAM forms the conceptual backbone of Business/IT Alignment theories widely applied in both research and practice.

Strategic Alignment Model (SAM), as defined by Venkatraman and Henderson in the IBM Systems Journal, is a foundational framework for aligning an organization's business strategy and IT strategy to maximize value and achieve sustainable success.

The Strategic Alignment Model (SAM), as defined by Venkatraman and Henderson in the IBM Systems Journal, is a foundational framework for aligning an organization's business strategy and IT strategy to maximize value and achieve sustainable success.

Core Components of the Strategic Alignment Model

The model is structured around four domains—two external and two internal—each representing critical organizational dimensions:

  • External domains:
    • Business Strategy (how the firm positions itself in the market)
    • IM Strategy (the overarching approach to leveraging information technologies)
  • Internal domains:
    • Organizational Infrastructure and Processes (the internal structure supporting business objectives)
    • IT Infrastructure and Processes (technology structure facilitating IT goals)

Alignment occurs through two key linkages:

  • Strategic Fit (vertical link): Ensuring strategies influence internal infrastructures and operations.
  • Functional Integration (horizontal link): Synchronizing business and IM strategies for cohesive objectives.

SAM proposes that achieving alignment requires choices across all four domains to be made in parallel, with consistent logic and rationale supporting both strategic formulation and execution.

Perspectives on Alignment

Venkatraman and colleagues identify four dominant alignment perspectives for analytic alignment between Business and IT:

  • Strategy Execution: Business strategy drives both corporate and IS infrastructure; top management formulates strategy, IT implements it.
  • Technology Transformation (not fully detailed in the results, but known from the model): Business strategy drives IT strategy, which in turn shapes IT infrastructure.
  • Competitive Potential: IT capabilities inform new business strategies.
  • Service Level: IM strategy dictates how the business supports and exploits technology in operations.

Each perspective highlights a different way in which business and IM strategies interact and shape organizational success.


Key Theorists: N. Venkatraman and John C. Henderson

N. Venkatraman is widely recognized as the principal architect behind the Strategic Alignment Model. His research in information technology, strategy, and organizational transformation helped establish the foundational link between IT investments and business value through effective alignment.

  • Biography (N. Venkatraman):
    • Current Role: Professor at Boston University’s Questrom School of Business.
    • Expertise: Strategic management, information systems, digital transformation.
    • Impact: Venkatraman’s work has shaped how organizations conceptualize the value and competitive advantage derived from IT, emphasizing the structured process of aligning business and technological strategies—a direct outcome of the SAM framework.

John C. Henderson collaborated extensively with Venkatraman and co-authored the original foundational work presenting the Strategic Alignment Model in the IBM Systems Journal.

  • Biography (John C. Henderson):
    • Current Role: Has held significant academic positions, most notably at Boston University and MIT Sloan School of Management.
    • Expertise: Information systems, business process management, strategic alignment of IT.
    • Relationship to SAM: Co-developed the model, contributing deeply to understanding how dynamic organizational changes and IT investments reshape competitive landscapes and organizational performance.

Their relationship to the Strategic Alignment Model is that of co-originators. Their joint efforts have made SAM the dominant paradigm for addressing the alignment of business strategies and IT capabilities, profoundly influencing both theory and best practices in corporate strategy and digital transformation.


In essence: The Strategic Alignment Model by Venkatraman and Henderson is the pivotal framework guiding organizations in aligning business and IT realms—represented and continuously refined by the scholarly work and deep expertise of these two leading theorists.

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Quote: Fyodor Dostoevsky - Russian novelist, essayist and journalist

"A man who lies to himself, and believes his own lies becomes unable to recognize truth, either in himself or in anyone else, and he ends up losing respect for himself and for others. When he has no respect for anyone, he can no longer love, and, in order to divert himself, having no love in him, he yields to his impulses, indulges in the lowest forms of pleasure, and behaves in the end like an animal. And it all comes from lying - lying to others and to yourself." - Fyodor Dostoevsky - Russian novelist, essayist and journalist

Fyodor Mikhailovich Dostoevsky (November 11, 1821 – February 9, 1881) was a Russian novelist, essayist, and journalist who explored the depths of the human psyche with unflinching honesty. Born in Moscow to a family of modest means, Dostoevsky’s early life was marked by the emotional distance of his parents and an eventual tragedy when his father was murdered. He trained as a military engineer but pursued literature with relentless ambition, achieving early success with novels such as Poor Folk and The Double.

Dostoevsky’s life took a dramatic turn in 1849 when he was arrested for participating in a radical intellectual group. Sentenced to death, he faced a mock execution before his sentence was commuted to four years of hard labor in Siberia followed by military service. This harrowing experience, combined with his life among Russia’s poor, profoundly shaped his worldview and writing. His later years were marked by personal loss—the deaths of his first wife and his brother—and financial hardship, yet he produced some of literature’s greatest works during this time, including Crime and Punishment, The Idiot, Devils, and The Brothers Karamazov.

Dostoevsky’s writings are celebrated for their psychological insight and existential depth. He scrutinized themes of morality, free will, faith, and the consequences of self-deception—topics that continue to resonate in philosophy, theology, and modern psychology. His funeral drew thousands, reflecting his status as a national hero and one of Russia’s most influential thinkers.

Context of the Quote

The quoted passage is widely attributed to Dostoevsky, most notably appearing in The Brothers Karamazov, his final and perhaps most philosophically ambitious novel. The novel, published in serial form shortly before his death, wrestles with questions of faith, doubt, and the consequences of living a lie.

The quote is spoken by the Elder Zosima, a wise and compassionate monk in the novel. Zosima’s teachings in The Brothers Karamazov frequently address the dangers of self-deception and the importance of spiritual and moral honesty. In this passage, Dostoevsky is warning that lying to oneself is not merely a moral failing, but a fundamental corruption of perception and being. The progression—from dishonesty to self-deception, to the loss of respect for oneself and others, and ultimately to the decay of love and humanity—paints a stark picture of spiritual decline.

This theme is central to Dostoevsky’s work: characters who deceive themselves often spiral into psychological and moral crises. Dostoevsky saw truth—even when painful—as a prerequisite for authentic living. His novels repeatedly show how lies, whether to oneself or others, lead to alienation, suffering, and a loss of authentic connection.

Leading Theorists on Self-Deception

While Dostoevsky is renowned in literature for his treatment of self-deception, the theme has also been explored by philosophers, psychologists, and sociologists. Below is a brief overview of leading theorists and their contributions:

Philosophers

  • Søren Kierkegaard (1813–1855): The Danish philosopher explored the idea of existential self-deception, particularly in The Sickness Unto Death, where he describes how humans avoid the despair of being true to themselves by living inauthentic lives, what he calls “despair in weakness.”
  • Jean-Paul Sartre (1905–1980): In Being and Nothingness, Sartre popularized the concept of “bad faith” (mauvaise foi), the act of deceiving oneself to avoid the anxiety of freedom and responsibility. Sartre’s ideas are often seen as a philosophical counterpart to Dostoevsky’s literary explorations.
  • Friedrich Nietzsche (1844–1900): Nietzsche’s concept of “resentment” and the “will to power” also touches on self-deception, particularly how individuals and societies construct false narratives to justify their weaknesses or desires.

Psychologists

  • Sigmund Freud (1856–1939): Freud introduced the idea of defence mechanisms, such as denial and rationalization, as ways the psyche protects itself from uncomfortable truths—essentially systematizing the process of self-deception.
  • Donald Winnicott (1896–1971): The psychoanalyst discussed the “false self,” a persona developed to comply with external demands, often leading to inner conflict and emotional distress.
  • Erich Fromm (1900–1980): Fromm, like Dostoevsky, examined how modern society encourages escape from freedom and the development of “automaton conformity,” where individuals conform to avoid anxiety and uncertainty.

Modern Thinkers

  • Dan Ariely (b. 1967): The behavioural economist has shown experimentally how dishonesty often begins with small, self-serving lies that gradually erode ethical boundaries.
  • Robert Trivers (b. 1943): The evolutionary biologist proposed that self-deception evolved as a strategy to better deceive others, which ironically can make personal delusions more convincing.

Legacy and Insight

Dostoevsky’s insights into the dangers of self-deception remain remarkably relevant today. His work, together with that of philosophers and psychologists, invites reflection on the necessity of honesty—not just to others, but to oneself—for psychological health and authentic living. The consequences of failing this honesty, as Dostoevsky depicts, are not merely moral, but existential: they impact our ability to respect, love, and ultimately, to live fully human lives.

By placing this quote in context, we see not only the literary brilliance of Dostoevsky but also the enduring wisdom of his diagnosis of the human condition—a call to self-awareness that echoes through generations and disciplines.

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Term: Balanced Scorecard

The Balanced Scorecard is a strategic planning and management system that provides organizations with a comprehensive framework to drive performance and implement strategy. Unlike traditional performance metrics that focus solely on financial outcomes, the Balanced Scorecard emphasizes a balanced view by integrating both financial and non-financial measures.

At its core, the Balanced Scorecard helps organizations:

  • Translate vision and strategy into clear objectives and actionable goals
  • Align day-to-day activities with strategic priorities
  • Measure and monitor progress across multiple dimensions
  • Connect projects, KPIs, objectives, and strategy into a coherent system

The framework divides performance measurement into four key perspectives:

  • Financial Perspective: Assesses financial performance indicators such as profitability and return on investment
  • Customer Perspective: Gauges customer satisfaction, retention, and market share
  • Internal Processes Perspective: Evaluates internal operational efficiency, quality, and innovation
  • Learning & Growth Perspective: Monitors employee development, organizational culture, and capacity for future improvement

Within each perspective, organizations define:

  • Objectives: Strategic goals derived from overall strategy
  • Measures: KPIs to monitor progress toward objectives
  • Initiatives: Action plans to achieve desired results

The Balanced Scorecard has become a widely adopted tool across sectors—including corporate, government, and non-profit—due to its ability to offer a holistic approach to performance management and strategic alignment.


Leading Theorists: Robert S. Kaplan & David P. Norton

The Balanced Scorecard concept was developed in the early 1990s by Dr. Robert S. Kaplan and Dr. David P. Norton. Their work stemmed from a Harvard Business Review article published in 1992, which addressed the limitations of relying solely on financial metrics for organizational performance.

Robert S. Kaplan:

Dr. Kaplan is an American academic, Emeritus Professor of Leadership Development at the Harvard Business School, and a leading authority on management accounting and performance measurement. After earning degrees from M.I.T. and Cornell, Kaplan spent much of his career researching managerial accounting innovations and co-introduced Activity-Based Costing before collaborating on the Balanced Scorecard.

David P. Norton:

Dr. Norton earned an engineering undergraduate degree from Worcester Polytechnic Institute and later an MBA from Florida Institute of Technology. He built his career as a business executive, management consultant, and co-founder of several performance management firms. Norton partnered with Kaplan to combine academic rigor and practical consultancy experience, shaping the Balanced Scorecard into a methodology that organizations worldwide could implement.

Kaplan and Norton’s joint research into strategy execution revealed that organizations often struggled to operationalize their strategies and link performance measures with long-term objectives. With the Balanced Scorecard, they provided a solution that bridges the gap between strategic planning and operational execution, establishing a system that empowers organizations to continually review and refine their path to success.

Their legacy includes not only the Balanced Scorecard but also later contributions on strategy maps and organizational alignment, setting global standards in performance management theory and practice.

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Quote:  Brené Brown - researcher, storyteller and professor

“Today I choose courage over comfort.” - Brené Brown - researcher, storyteller and professor

Brené Brown, a research professor, author, and renowned speaker, is celebrated worldwide for her groundbreaking work on vulnerability, courage, shame, and empathy. This quote encapsulates her core philosophy: that true growth—whether personal, relational, or professional—comes not from staying safe within our comfort zones, but from making the conscious decision to face discomfort and uncertainty with bravery.

Brown’s landmark research revealed that vulnerability is not a weakness, but the greatest measure of courage. She explored these ideas in bestsellers like Daring Greatly, The Gifts of Imperfection, and Rising Strong, inspiring millions across the globe to lead more authentic, whole-hearted lives. Her now-famous TED Talk, “The Power of Vulnerability,” has become a touchstone in conversations about human connection and resilience.

The context for “Today I choose courage over comfort” can be found throughout Brown’s writings and lectures. For Brown, integrity is defined by the willingness to act with courage even when it's uncomfortable, choosing what is right over what is easy. In her book Rising Strong, she writes:

“Integrity is choosing courage over comfort; choosing what is right over what is fun, fast, or easy; and choosing to practice our values rather than simply professing them.”

Brown consistently emphasizes that vulnerability and courage are inextricably linked—there is no courage without uncertainty and emotional risk. Whether addressing leaders, entrepreneurs, or anyone striving for meaningful change, she challenges us to “show up, be seen, and live brave” even when endurance is hard.

About Brené Brown:
A research professor at the University of Houston, Brown’s two decades of study have shaped contemporary conversations around emotional intelligence, ethical leadership, and authentic connection. She is celebrated for bringing academic rigor to subjects previously avoided in business and personal development: the mechanics of trust, the costs of shame, and the anatomy of belonging.


Pioneers in the Field of Courage and Vulnerability

Brown’s work builds upon and amplifies insights from earlier theorists who explored courage, authenticity, and human flourishing:

  • Theodore Roosevelt: His “Man in the Arena” speech inspired Brown’s focus on daring greatly—celebrating those who risk failure in pursuit of something meaningful.
  • Carl Rogers: A foundational humanistic psychologist, Rogers championed unconditional positive regard and authenticity in relationships, emphasizing the healing power of being seen and accepted as we are.
  • Abraham Maslow: Known for Maslow’s hierarchy of needs, he placed self-actualization—the fulfillment of one’s potential—at the top, arguing that courage to grow is what drives humans upward.
  • Viktor Frankl: The Holocaust survivor and psychiatrist described meaning as a central motivator in life, and wrote extensively on the courage necessary to find purpose even in hardship.
  • Angela Duckworth: A contemporary researcher, Duckworth studies grit, the combination of passion and perseverance, dovetailing with Brown’s view that courage sustains effort beyond comfort.

Together, these theorists shaped the understanding that thriving requires more than talent or intelligence—it demands the willingness to be vulnerable, to stumble, and to rise stronger.


Resonance of the Quote

“Today I choose courage over comfort” stands as a daily reminder to honour our values, even when ease and avoidance tempt us. Brown’s legacy is the call to action: Lead with heart. Embrace discomfort. Make the brave choice—not just once, but day after day, in ways that transform lives, organizations, and communities.

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