I didn’t anticipate that I would leave the country of Iceland with a renewed awareness of the different governance challenges faced by private and public sector organizations, but that’s just what happened. I was in Iceland recently to participate in a Balanced Scorecard (BSC) event, where I heard presentations from the main electricity and water provider for the capital city of Reykjavik; the country’s ministry of road safety; and a leading Nordic management consulting company. The presentations highlighted how our strategy execution system has been applied in a small country by both private companies and public sector enterprises.