Palladium Strategy Execution Seminar 2010
With Dr Robert S. Kaplan, Baker Foundation Professor, Harvard Business School and Chairman of Professional Practice, Palladium
Strategy Execution and Performance Management – Delivering Breakthroughs in the Next Decade
September 15, 2010 - Melbourne, Australia
As one of the top 20 management thinkers of our time, few people have contributed as significantly to the art, and especially the science, of business strategy as Dr Robert Kaplan. Implemented by over 50% of Fortune 1000 companies, the well known Kaplan-Norton Balanced Scorecard Management System and recently published Execution Premium, has become the premier tool for effective strategy execution worldwide. In his research and writing, speaking, and consulting, Dr Kaplan has demonstrated how leaders can link their performance and cost management systems to strategy implementation and operational excellence.
Register today for this unique opportunity to hear one of the world’s top management thought leaders speak about one of the top leadership challenges today!
For the fifth consecutive year the Conference Board has ranked "excellence in execution" as the number one most important issue on the mind of CEOs globally. Research shows that successful organisations are able to consistently outperform their peers in the execution of strategy and are able to dynamically reallocate resources to the most important opportunities and priorities well ahead of the competition. The question is not do you need to execute strategy—but rather does your organisation have the leadership, capability, and the management system required to make strategy execution a competitive advantage?
In this session, Dr Kaplan will share his experience and insights on the evolution of performance management and strategy. He will give his thoughts on the increasing relevance of strategy execution and performance management in time of increasing turbulence and change. He will share his most recent work on the critical link between strategy and operations highlighting the need for a "closed loop" management system to enable this critical link. Dr Kaplan will also share some of his latest, as yet unpublished, work in the areas of leadership and risk management, both critical aspects of the execution equation.
This not to be missed opportunity is a must for business leaders and practitioners alike to learn, share, and network with one of the world’s leading contributors to management practice.
Who should attend?
Executives and Managers who want to extend their understanding of the best practices and practical leadership trends and methodologies in order to accelerate organisational results.
CEO’s, CFO’s, COO’s, Board members, VIP’s, Directors of Strategy, Planning, Performance Management, Business leaders, Executive Leadership Teams, functional areas of Finance, IT, HR and Strategy Management and Planning.
Event Agenda
|
8.00-8.30 |
Registration
|
|
8.30-9.00 |
Welcome and Introduction
|
|
9.00-9.45 |
The State of Global Performance Management in 2010 – An Overview
Drs Kaplan and Norton published the Balanced Scorecard in 1996. 14 years later, 50% of Fortune 1000 companies have implemented the methodology and Bain Management Tools and Trends report currently rates it as among the top 10 most used management frameworks worldwide. Dr Kaplan will discuss how the Balanced Scorecard is lifting the performance of organisations and share his thoughts on how performance management has evolved over the last decade. He will discuss the critical issues facing today’s leaders and managers and share his view on the current performance management landscape with insights into trends for the future.
|
|
9.45-11.15 |
The Execution Premium – Creating a Link between Strategy and Operations
In an ongoing quest to make strategy more of a science than an art, Dr Kaplan has taken the Kaplan and Norton strategy execution methodology to a new level, demystifying what it takes to link strategy to everyday operations. Dr Kaplan proposes a six-stage process that connects strategic planning, operational execution, and feedback and learning. This closed loop system is key to achieving an Execution Premium—superior results that can be attributed to successful, sustainable execution. Robert Kaplan will present a big picture overview of the entire process, featuring the six stages:
- Develop the Strategy: define mission, vision, and values; conduct strategic analysis; formulate strategy
- Translate the Strategy: define strategic objectives and themes; select measures and targets; select strategic initiatives
- Align the Organisation: align business units and support units both vertically and horizontally; align employees to the strategy
- Plan Operations: improve key processes; develop sales plan; plan resource capacity; prepare budgets
- Monitor and Learn: hold strategy reviews; hold operational reviews
- Test and Adapt the Strategy: conduct profitability analysis; conduct strategy correlation analysis; examine emerging strategies
|
|
11.15-11.45 |
Break
|
|
11.45-12.30 |
Testing and Adapting the Strategy – Increasing Profits through Time Driven Activity Based Costing
Understanding customer and product profitability remains a major barrier to the execution of strategy for many organisations. In 2007, Dr Kaplan co-authored Time Driven Activity Based Costing with Steven Anderson. Time Driven Activity Based Costing (TDABC) eliminates the complexity of the traditional approach and enables an organisation to dramatically reduce the cost and effort to analyse profitability. Dr Kaplan will share the foundation principles and approach of TDABC and examples to illustrated the power of this new approach.
|
|
12.30-1.30 |
Lunch
|
|
1.30-2.30 |
Measuring Risk – Why Most Organisations Focus Their Risk Management Efforts in the Wrong Places!
As Warren Buffett has said, “When the tide goes out, we find out who has been swimming naked.” Professor Kaplan will introduce the wardrobe for a new three-level risk management framework encompassing operational and compliance risk, strategy risk, and enterprise risk. Managing each risk level, involves different organisational units, responsibilities, and information systems. The strategy map and a new risk scorecard, linked to the entity’s Balanced Scorecard, provide a natural bridge between strategy management and risk management. The executive leadership team expands the agenda of their periodic meetings to encompass the monitoring of risk identification and risk management processes, and also to lead explicit discussions about external events that could jeopardise the entire strategy and the enterprise itself.
|
|
2.30-3.15 |
Leadership – A Necessary and Sufficient Ingredient for Strategy Execution
Global surveys illustrate that strategy execution is the top concern for senior executives. In The Execution Premium, Dr. Kaplan has proposed that executive leadership is both necessary and sufficient for successful strategy execution. Therefore it should be a natural fit for executive teams to lead the strategy execution process. In this session, we will explore the approaches and motivations for various senior executives who led Balanced Scorecard Hall of Fame implementations at their companies. The situation varied, ranging from “burning platforms” where the case for change was obvious to all, too new opportunities—created by technology—for executives to gain first mover advantages by capturing high market share. We will also introduce the work being undertaken by Palladium APAC with Monash University on Leadership for Strategy Execution”.
|
|
3.15-3.45 |
Open Questions
Palladium Group Panel: Dr Robert S. Kaplan, Mr Matthew Tice, and Mrs Yvonne Butler
|
|
3.45-4.00 |
Summary and Close
|
Fees
Fee per delegate: AUD$ 999
Payment processing is managed via the American Chamber of Commerce, Sydney. You do not have to be a member to register and pay for this event. Fees are the same for members and non members. For any payment processing issues, please contact Gemma Dowdell at the American Chamber of Commerce on phone +61 2 8031 9000 or email: speakers@amcham.com.au.
Cancellations
Delegate substitutions may be made at any time. No refunds or cancelations are made after purchase.
Dress
Business casual.
Location
Hilton on the Park Melbourne
192 Wellington Parade, Melbourne, Australia 3002
Tel: 61-3-9419-2000 Fax: 61-3-9419-2001
Map
Sponsor
For information on sponsorship opportunities, please contact Alison Tusler or Magdalena Toth on +61 2 8259 1010 or email APACevents@thepalladiumgroup.com.
Further Information
For more information about this event, please contact Alison Tusler or Magdalena Toth on +61 2 8259 1010 or email APACevents@thepalladiumgroup.com.
Agenda subject to change. Registrations close September 14, 2010. As places are limited, reservations will be taken on a first come first serve basis.