This study presents the strategy process of Finnish polytechnics using the balanced scorecard approach. The study extends the balanced scorecard from the communication and implementation of this strategy to the planning of the strategy. Stakeholders formulated a strategic managerial plan for the network of all polytechnics in Finland by applying the balanced scorecard approach. This approach was used in communicating, planning, and implementing the strategy. The perspectives of the balanced scorecard-customer, financial, internal processes, and learning and growth-provided a framework that enabled planning of appropriate activities for achieving organizational objectives. The strategy will help the Rectors' Conference of the Finnish polytechnics as a basis to develop its own strategy and scorecard describing how its internal processes will deliver output to implement the general strategy.