Data Consolidation

Do you need to make decisions but believe that the information you have is either unavailable or incomplete? Many companies already have reporting teams however the struggle happens when senior management needs more than a static historical view.
The best way to resolve this issue is by mining data without introducing complex and expensive systems or disrupting business flow.
In order to do so, just follow these easy steps:

• Does the data needed exist? If not then work with IT to identify data needs and build a database.
• Is the data correct? If not then test and recommend data fixes.
• Can you get the data consistently with minimum effort? If not then prototype and test solutions to download data more frequently.

Once data is defined and stored in a “single-source-of-truth” fashion, then information could be organized to allow in-depth analyses while supporting and not paralyzing decision-making.

What is OSM?

OSM stands for Office of Strategy Management. The term was introduced and then expanded on by Robert Kaplan and David Norton in their book “The Execution Premium”. The idea is that a new practice is needed within an organization to make strategy a continual process. Key concepts include:

• An excellent strategy often fades from memory as the organization tackles day-to-day operations issues.


• The operational plan and budget should be driven from the revenue targets in the strategic plan.


• The senior management team needs to have regular, probably monthly, meetings that focus only on strategy.


• The Office of Strategy Management is a small cadre of professionals that orchestrate strategy management processes for the executive team.