Question: Can a good strategy define a company’s future? StrategyDriven Response: Strategic certainty does not exist. Organizations should, however, leverage a good strategy to establish the vision toward which executives and managers focus employee efforts. Vision combined with excellent execution that reinforces desired behaviors generates a high degree of organizational alignment and accountability that in […]
The Advisor’s Corner expands on the strategic planning and tactical business execution dialogue between StrategyDriven contributors and our websites visitors. Postings in this category reflect questions asked by StrategyDriven members and guests and the advice provided by one or more of our highly experienced business professionals. Additionally, StrategyDriven members are provided the opportunity to share […]
Great Escapes: nine decision-making pitfalls and nine simple devices to beat them FORTUNE Magazine, June 27, 2005 by Michael and Jerry Useem About the Reference Great Escapes: nine decision-making pitfalls and nine simple devices to beat them by Michael and Jerry Useem explores the logic flaws that often skew perceptions and undermine decision-making effectiveness. The […]
For better or worse, our decisions and those of the other members of our organization define today’s realities and tomorrow’s outcomes. In a world that is becoming increasingly knowledge based, more and more members of an organization are making impactful decisions every day; thereby extending decision-making’s importance from the executive suites to the desks of […]
Understanding the resource cost of activities is key to creating confidence that assigned work can be completed successfully and on time. Regardless of whether activities are frequently recurring and therefore well understood or one time efforts to produce a unique product or service, the use of standardized resource assumptions greatly helps the organization anticipate the quantity and type of resources needed to perform its approved work.
Organizational silos act as barriers; hindering the performance of business units, work groups, and individuals as they strive to achieve the organization’s shared goals.
Bringing Out the Best in People by Aubrey C. Daniels About the Reference Bringing Out the Best in People by Aubrey C. Daniels illustrates how executives and managers can motivate their workforce to goal achievement through a system of positive reinforcement. Dr. Daniels’s process shapes worker behaviors by identifying an individual’s recognition and reward reinforcers, establishing a […]
An organization’s mission defines its purpose for being. Making the mission measurable and then prioritizing those measures helps create a sense of where the organization should focus its efforts. However, prioritization at this level does not create the clarity needed for individuals making resource allocation choices between their day-to-day activities, especially if the activities all serve the same mission measure.
Business planning is the art and science of identifying what a company should and should not do balanced by its available resources. While much of business planning focuses on setting strategic direction and defining tactical activities, achieving balance requires that significant attention be given to the critical area of resource projection. Annualized resource projection involves […]
The Five Dysfunctions of a Team: A Leadership Fable by Patrick M. Lencioni About the Reference The Five Dysfunctions of a Team: A Leadership Fable by Patrick M. Lencioni examines five obstacles to effective teamwork. Focused on the executive team, Mr. Lencioni illustrates the harmful effects diminished teamwork has on an organization’s effectiveness. He then […]