article thumbnail

The Best Leaders Are Humble Leaders.

Brigette Hyacinth

It is a critical success factor. Scientific inquiry into the power and effectiveness of humility has shown that it offers a significant “competitive advantage” to leaders. Little do they know, humility is an incredibly powerful choice. With pride comes disgrace, but with humility comes wisdom” (Proverbs 11:2).

Merton 133
article thumbnail

Strategic planning must change with the times

N2Growth Blog

In the new strategy paradigm, the focus of strategy is on how to create competitive advantage. Key to the new paradigm is to immediately direct attention and energy on the identification of strategic performance drivers and competitive advantages that can be delivered in days, weeks or months not years.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Innovation's Nine Critical Success Factors

Harvard Business Review

Innovators understand that you have no choice; you must take risks, often big ones, by moving toward the absurd, the "seemingly" irrelevant, in order to create pre-emptive competitive advantage while competitors move in the "obvious" direction. A well-defined yet flexible execution process.

article thumbnail

What Box? How to Turn Problems into Opportunities

Strategy Driven

Use the 'How' question to uncover critical success factors necessary to develop an effective strategic plan. Timing will be one of your critical success factors. EVALUATE how StrategyDriven gives you a competitive advantage. Tip #6: Ask “When?” Remember, timing can be everything.

article thumbnail

A Tool for Balancing Your Company’s Digital Investments

Harvard Business Review

For example, some may provide a source of competitive differentiation like the investment that German manufacturer Bosch is making in its internet of things (IoT) data platform. Others are essential to running the existing business but don’t necessarily provide a competitive advantage. Implementation criteria.

Tools 8
article thumbnail

5 Early Warning Signals for a BPI Project

Strategy Driven

Many articles have been written about what makes process improvement projects fail and usually they list critical success factors. In the Chartering and Staffing phase of the BPI project there are many critical success factors (It is the beginning of the project! A monthly recurring subscription of $9.95

Project 58
article thumbnail

How Coty Reinvigorated Its Supply Chain

Harvard Business Review

One of the most critical success factors we found at Coty was that it was not who was tapped as a leader or even a team’s technical skills that mattered most. The Coty experience also informs case study examples in John P. Kotter’s book Accelerate.). The first key ingredient is in how teams are selected.