Successful strategy execution starts with understanding the vital few things your company needs to execute to move it along the path to future success. That is called strategy. You then break those vital few things down into quarterly goals for your people to work on. Most companies stop here and wonder why they don't still don't get the results they are looking for. They might have made some good strategic decisions – but setting strategy is just the beginning. Here's some advice to improve business productivity and help you achieve that 1-Thing!
With the increasing pace of change in terms of technology disruption. globalization, and the changing nature of work itself, what should companies do to ensure they continue to survive and thrive? This article is my take on recent research published in Strategy+Business.
Many of us have heard about the so called “secret” or "law of attraction", and many popular self-help books suggest that merely dreaming, thinking, and willing something to happen can make it so. That is, if we imagine ourselves achieving our goals, it makes them magically happen.
Most new managers are left to sink or swim when they get promoted into a leadership role. The data is concerning, 40% of new managers don’t last 18 months. Why do so many companies tolerate the lost time, lost opportunities, lost money, and of course the inevitable heartache that comes with dealing with a new manager who does not perform?
Every business has some kind of competition. Technology and globalization has heightened this. Without a doubt, someone somewhere is grinding away to make a product just like yours, only less expensive, better looking, and faster. So what can you do to keep one step ahead?
Ivan Pavlov was onto something with his dogs. Praise and recognition is the bell that drives human behavior. Saying, “Thank you” - is a universal concept with an underlying definition that means, “Please repeat that specific behavior again.”
Many companies have a core value statement that is printed beautifully in their literature or hanging on a plaque on the lobby wall. But are your values really alive in your company? Do they really matter? It should becasue your Core Values are a building block to your company culture.
I have read hundreds of business books over the years, and to be honest it’s hard to impress me these days. A lot of “so called” best-practices are often nothing more than the same old myths that keep getting perpetuated. As a result, I seek out authors who bring meaningful data and intellectual rigor to their work. One of them is Professor Bob Sutton from Stanford.
What are the reasons that some teams reach their goals, while others never seem to fulfill their potential? Successful teams achieve their goals not only because of "who they are", but more often because of “what they do.”
A Value Discipline is the way that you deliver value to your customer. It's also the skeleton of your strategy. You'll choose a Value Discipline based on who your ideal target customer is and what your ideal target customer values most. So think about your ideal target customer for a moment, the one who’s right in the center of your bull's-eye. What's most important for those customers?
Since implementing the RESULTS.com software, communication between staff members regarding reaching targets and goals has improved ten-fold. (There is also healthy competition with the new “gamificiation” feature!)
Tania Young – Director – BRAVEday
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