The Connection Between Strategy and Culture
Adapted from: Strategy& | Mastering the connection between strategy and culture| David Lancefield “The goal should be to master the connectivity between strategy and culture. They both should be anchored by capabilities—the “key activities in which you must invest disproportionately and perform distinctively to underpin your theory of competitive advantage,” according to author and CEO advisor […]
Capability-Driven Strategy
Adapted from: Strategy & Business | Paul Leinwand and Cesare Mainardi “In a survey of 500 senior Executives around the world, about 80 percent said that their overall strategy was not well understood, even within their own company.” This problem arose from the way these companies are managed. There are significant gaps between strategy and execution. This […]
A GUIDE TO OPEN STRATEGY
A GUIDE TO OPEN STRATEGY Authors, Christian Stadler, Julia Hautz, Kurt Matzler, and Stephan Friedrich von den Eichen | Adapted from HBR “Strategy is developed in three distinct phases, each of them requiring a different solution to get the balance between openness and secrecy. Whether a company wants to open up in order to determine […]
What, Who, How, & Why of Strategising
Adapted from: HBR | Demystifying Strategy: The What, Who, How, and Why | Michael D. Watkins “A business strategy is a set of guiding principles that, when communicated and adopted in the organisation, generates a desired pattern of decision making.” Michael D Watkins, What is a business strategy and what is not? When it comes […]
Diversity Counts
Adapted From: McKinsey | Vivian Hunt “New research makes it increasingly clear that companies with more diverse workforces perform better financially.” Authors Vivian Hunt, Dennis Layton, and Sara Prince reported this finding recently. They found that diversity is the probable competitive differentiator that shifts market share toward more diverse companies over time. More diverse […]
A Sense of Purpose and Community Retain Employees
“Microsoft’s recent research suggests that 41% of workers across the world are thinking about quitting their jobs. That means 59% of workers aren’t thinking about quitting. “ How do these organizations retain their employees? Author Ron Carucci gathered some insights from his interview of HR Executives that three practices appeared to be common across companies. […]
12 Technology Trends Essential for Small to Medium Scale Businesses
According to a Human Resources and Non-Profit Management Expert, Perla Jones, small businesses have to understand the impact of technology trends to help their company find the right solution to stay productive and competitive. Implementing the right solution is critical to the increasing investment in technology nowadays. Complete Mobile Experience- The company website has to […]
Using Evidence as Basis in Managing Organizations
A Combination Rather Than Simple Remedies. Research shows that strong organisational performance is developed when fuelled by a combination of 3 or more carefully selected complementary management practices. Tendencies of executives to rely on their experiences and personal knowledge tend to lean toward isolated application and therefore turn out to be quite ineffective. Assess Current […]
Managing Your Talents Effectively
“Talent consists of those individuals who can make a difference to organisational performance, either through their immediate contribution or in the longer term by demonstrating the highest levels of potential” – CIPD Talent management is selecting, training, developing, retaining, rewarding, and helping employees. One can achieve ROI by implementing talent management with strategies using a […]
What Really Matters in Leading
“Leaders in organisations with high-quality leadership teams typically displayed 4 of the 20 possible types of behavior; these 4, indeed, explained 89 percent of the variance between strong and weak organizations in terms of leadership effectiveness.” (Claudio Feser, Fernanda Mayol, and Ramesh Srinivasan.Decoding Leadership: What Really Matters). Effective Problem Solving. Gathering information, analyzing the facts, […]
Conquering a Toxic Workplace (for Leaders)
“Corporate culture matters. How management chooses to treat its people impacts everything for better or for worse”– Simon Sinek The Leadership Reformation suggests that toxic leaders create toxic workplaces with toxic cultures. Leaders are responsible for the teams, even if the cause is a toxic fellow employee. It’s their job to correct their members’ behaviour […]
5 Myths about Strategy
Myth 1: Strategy is about the long term There are indeed industries where the competition dynamic remains unchanged for a long time. Leaders who stick to their strategy through thick and thin follow this process. However, if you think of strategy as a long-term commitment, you forget that strategy is about the fundamentals of how […]