Recent news & event
Your executives come to the conclusion that the company needs change. Soon after, the higher-ups send out statements filled with vague content. The confused employees adapt because the company “needs to be agile” in everything they do. However, after a few months, hardly anything significant has improved. According to Stokum and Corbetta, that is “how…
Previously, companies assumed their ‘ultimate purpose’ as ‘serving the needs of the shareholders. Even the U.S Business Roundtable issued the “Statement on the Purpose of a Corporation” in August 2019, which says “a corporation exists for the benefit of all stakeholders”. When the Roundtable came to the realization that no one sector is the emphasis…
It is a perpetual challenge to create and keep high-performing teams, and it became even more complicated with the pandemic. According to Price, “when team dynamics are healthy, it’s easier for people to be happy at work”. Thus, they are more productive and effective. However, leaders can no longer use traditional or older approach. Change…
A Paradigm Shift Delivers Vastly Improved Performance. A 2,000-ft bridge in Norway was built using 3D models, unlike other large-scale building projects. They omitted the usual two-dimensional construction blueprints, which show how contractors translate designs into final projects. This is a new technique for planning and building projects. This method helps save time and money…
As time passes, a plan will need to be continually updated; Therefore, dubbing strategic planning a “big lie”. According to Kenny, another complaint is that “strategic” planning isn’t actually “strategy” at all. Corporate as usual takes over, and the innovative thinking that underpins ambitious business actions is pushed aside. The strategic planning process has a…
Culture should support its mission and strategy. Purpose has recently become a critical component of running a business, serving as the guidance and impetus for all firm actions. However, there is often a significant disconnect between a firm’s purpose and what its people experience; therefore a simple communication campaign touting the excellent new company purpose…
