The balanced scorecard is a commonly used vehicle that is to align organizational-chart work efforts to executive-determined strategies and goals.  With this approach, strategic planning could be considered as step one in this overall business-management-system process.

Consider now the true needs of a business. For success, it is important that organizations move toward achievement of the three Rs of business—everyone doing the right things, doing them right, and at the right time.  However, is a strategic approach an effective methodology for achievement of this three-Rs objective? Could there be a better means to address the economic challenges of the day through the implementation of an enhanced business-management system?

When answering the first question, consider issues resulting from a traditional approach:

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