Execution Premium

A six-step management system developed by Robert Kaplan and David Norton that connects strategy formulation and planning with operational execution. The system includes: 1) Develop the strategy, 2) Plan the strategy, 3) Align the organization, 4) Plan operations, 5) Monitor and learn, and 6) Test and adapt the strategy. This system represents the most evolved version of the Balanced Scorecard methodology and serves as an important foundation for the RBPM approach, particularly in its emphasis on linking strategic objectives to operational activities.