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A Closed-Loop Strategy Execution System

Six Disciplines

In their 2008 book "The Execution Premium: Linking Strategy to Operations for Competitive Advantage" (Harvard Business School Press), Harvard professors Dr. Robert S. Plan Operations: improve key processes; develop sales plan; plan resource capacity; prepare budgets. Kaplan and Dr. David P. Discipline I. Discipline III.

System 98
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A Closed-Loop Strategy Execution System

Six Disciplines

In their 2008 book "The Execution Premium: Linking Strategy to Operations for Competitive Advantage" (Harvard Business School Press), Harvard professors Dr. Robert S. Plan Operations: improve key processes; develop sales plan; plan resource capacity; prepare budgets. Kaplan and Dr. David P. Discipline I. Discipline III.

System 85
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Performance Measurement

Strategy Driven

Since the unit’s reported financial results were so good, the executives at the corporate headquarters didn’t ask many questions about the drivers of the unit’s profits – until it was too late. One company we know had a particular business unit that consistently recorded growing profits and high levels of ROIC for about four years.

ROIC 62
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CEOs, Get to Know Your Rivals

Harvard Business Review

I decided to test his claim by interviewing current and former C-suite executives, including Bob Crandall, former CEO of American Airlines; David Norton, former CMO of Harrah’s casinos; Will Ethridge, CEO of Pearson Education; and Pat O’Keefe, former CEO of Watts Water Technologies. Play to your strengths, not your rival’s.

CEO 9
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Treat Employees Like Business Owners

Harvard Business Review

Many large corporations manage to find big bundles of shares (and huge amounts of cash) for executive compensation, even though there’s little relationship between senior-management pay and financial results. “Any other restaurant, I would just be scraping by,” shift supervisor Amanda Norton told the Boston Globe.

ESOP 8
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Three Things that Actually Motivate Employees

Harvard Business Review

Another says she is most excited about the opportunity to change how the industry operates and have a big impact on improving lives. One sales manager, a former actor, recited Shakespeare at a customer meeting and won over skeptical executives. They can: Mastery: Help people develop deep skills.

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Why the U.S. Government Is Embracing Behavioral Science

Harvard Business Review

Nudges like these speak to the power of developing interventions and policies that consider people for what they are: creatures whose information-processing capacity and emotions limit them from being rational agents. Well-designed behavioral studies can offer policymakers useful insights into human behavior that can improve policies.

Letter 8