Strategy Statements
Strategy Statements
From her company blog, Nora Ghaoui shares a two-part series that examines the strategy statements of large companies and explains why strategy writing often results in generic statements. By the time a large company has finished its strategic planning cycle, it ends up with strategy statements that could apply to any company. The same phrases show up every time. Why is that? Do great minds think alike, are people running out of ideas, or are market trends forcing them…
Stephen Redwood’s clients have been asking questions about how operating models will change post pandemic and how to accelerate time to market. He collaborated with Colin Taylor, to identify six priorities to focus on when rethinking your go-to-market (GTM) model. Cross-functional synchronization and alignment around a unified go-to-market approach is uncommon but has great value. Transforming your go-to-market approach can increase brand value, optimize growth investments, empower sales teams and accelerate time-to-revenue. This article discusses six tips to realizing…
Surbhee Grover provides insight and inspiration in this article on the fortitude of spirit and mental strength. The setting of the movie is the tiny town of Nome, Alaska, which is paralyzed by a deadly, fast-spreading disease. Despite a quarantine that was executed early on, the epidemic is expected to wipe out a majority of its inhabitants within days… unless they get speedy access to the appropriate medication (antitoxins) that needed to be transported more than 600 miles, amidst…
Stephen Redwood has published a series of articles that draw from his experiences over a long career in consulting to help respond to the implications of COVID-19 and build strategies for the future. In the face of huge upheavals with the COVID-19 pandemic, companies have few reference points on which to base decisions about how their organizations need to adapt to changing circumstances. Clients have asked me for my thoughts on how to frame their thinking. It’s early days…
Diane Mulcahy explains why the current model of the office worker is difficult to change despite the evidence of increased productivity from the remote worker. No one expected (or wanted) remote work to scale because of a virus and subsequent global pandemic. But, here we are. The battle for remote work has been ongoing. Employees want the choice and flexibility to work outside the office at least some of the time, but many companies and even more managers resist…
Davide Gronchi provides two simple tools that can help collect answers to powerful questions. Advanced analytics and machine learning are some of the ready-to-use technologies that help discover correlations and drive conclusions out of complex data sets that often describe our business and production processes. This is very helpful to take decisions aiming to prevent something unwanted to happen e.g., set process parameter to X in order to obtain product spec within tolerance. There are many other opportunities to…
Boris Galonske offers direction on how to navigate the effects of COVID-19 in the form of a detailed outline of a playbook. The coronavirus exposes critical infrastructure to a risk environment which is unprecedented in recent history. In order to maintain resilient operations establishing a playbook how to run critical infrastructure these days is key. Situation today A pandemic has been part of risk inventories of large corporations for several years. However, the accelerating speed with which the coronavirus…
Martin Pergler shares a couple of files on understanding COVID-19 contagion dynamics, and some of the tradeoffs of managing spread vs long term social/economic impact. People seem to be increasingly internalizing and accepting efforts prudentially required to slow down COVID-19s exponential infection rates. And hopefully we’ll converge even more from the poles of “barricade ourselves behind hoarded toilet paper” and “what me worry, I don’t see a problem yet” behaviour. However, given differences in, and evolution over time of,…
In this timely post, David A. Fields provides ten strategies consulting firms can implement to help navigate through difficult times. You’re swimming in a vast sea of stressful news and, given today’s reality, you’re well within your rights to feel anxious, nervous and uncertain about how your consulting firm should proceed. Clients are shutting down their operations; workshops and meetings are being called off; in fact, the entire economy appears to be headed for an abrupt, if temporary, halt….
Jared Simmons provides three meeting strategies to overcome stagnation. We’ve all been there before. It took you three weeks to find a time on everyone’s calendar. You found the perfect room and showed up early to make sure the previous meeting didn’t run over. You’ve spent countless hours working on your agenda and slides and even reading articles like this on productivity. And then it happens–the conversation gets stuck. Your time is rapidly dwindling and you’re still on agenda…
Jesse Jacoby taps into a common pain point in today’s business operations — the vague or misunderstood email — and provides an easy solution to overcome the problem. Connecting with coworkers, clients and customers has never been easier. Gone are the days when we had to drive across town to chat with someone in a different office. When we run into a challenge or have a question regarding our work, we have a plethora of communication tools at our…
Dan Markovitz identifies the difference between facts and data and why you need both to make a fully informed assessment. Taiichi Ohno said, “Data is of course important in manufacturing, but I place the greatest emphasis on facts.” You can leave out the word “manufacturing,” and apply the concept to anything in your company or your life. Facts are more important than data. When he talked about his preference for facts over data, he was urging people to go…
Dan Markovitz explains why time management and a shorter work week is good news for lean. In the space of two weeks, the New York Times and the Wall Street Journal both ran articles on the productivity benefits of reduced work hours. The WSJ introduced us to the workers at Rheingans Digital Enabler in Germany, who only put in five-hour days, for a workweek of 25 hours. The same is true of employees at Tower Paddle Boards (at…
David A. Fields explains why correct assumptions can quickly become wrong, and how to test the assumptions of your consulting practice to create new opportunities. You throw your best efforts into delivering value for your consulting clients, improving your consulting firm’s marketing, and creating a rewarding consulting environment. Then you find your work was off by a bit. Or more than a bit. Or completely wrong. Pickles-in-peanut-butter wrong. That’s no fun. Alas, I have bad news for you and me: we’re mistaken….
Luiz Zorzella moves beyond the buzzwords to explain how a razor-sharp vision, strategy, and plan inspires buy-in and achieves results. If your organization is not delivering the results you expected, maybe one factor holding it back is a lack of razor-sharp precision. Most business leaders would benefit from sharpening their strategies: employing more clear language (calling a sword a sword), more accurately defining strategic priorities and objectives. But few actually do it. For example, most financial services companies profess…
Dan Markovitz provides a reality check on the concept of management by walking around (MBWA); how the leaders at organizations embracing lean take a different approach, and why the latter is better than the former. Theodore Kinni argues in Strategy + Business that leaders must practice management by walking around (MBWA), a concept popularized by Tom Peters and Bob Waterman in their seminal book, In Search of Excellence. That’s the best way for them to stay connected to their businesses…
If you want to know more about the potential benefits, scope, pros and cons of business process outsourcing (BPO) and robotic process automation integration (RPA), check out this article from the knowledge hub on David Burnie’s company website. Both BPO and RPA aim to achieve the goal of streamlining processes, achieving efficiency and increased productivity, and yielding cost benefits. BPO and RPA implementations allow organizations to perform back office, internal, and call centre tasks efficiently quickly. This provides enterprises the…
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