article thumbnail

LeadershipNow 140: June 2023 Compilation

Leading Blog

Podcast: @jamesstrock interviews Richard Norton Smith author of An Ordinary Man: The Surprising Life and Historic Presidency of Gerald R. It's Time to Get Rid of S.M.A.R.T. Here's Why & How by @artpetty Are you ready investigate some of life's important questions? Ford If AI Is Reading Your Mind, What Will It Learn?

Altman 271
article thumbnail

The Strategy Book

Leading Blog

Strategy involves completion of goals, and the risk is the difference between those goals and the ability of the organization to achieve them.” The problem is following a plan so closely without responding to events that you will “lead the company efficiently in the wrong direction.” In a sense, strategy creates risk.

Strategy 282
Insiders

Sign Up for our Newsletter

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

article thumbnail

Why Is Strategy Execution So Hard? The Odds Are Against Us

Six Disciplines

Effective execution of strategy seems to be an elusive goal. Norton, Harvard Business School Press, The Strategy-Focused Organization, 2001). [2] Norton, Harvard Business School Press, The Strategy-Focused Organization, 2001). [3] Only 5% of employees understand their corporate strategy.[4]. Cited Sources: [1] (R. Kaplan and D.

Norton 101
article thumbnail

4 Ways To End Destructive Pride

Tanveer Naseer

The following is a guest piece by Ritchie Norton. People have trouble reaching goals and pursuing dreams for one (or many) of the following pride-related reasons: They are too prideful to risk appearing “stupid.” Have You Tied Your Organization’s Goals To Your Noble Cause? What Does Success Really Look Like?

Collins 279
article thumbnail

A Closed-Loop Strategy Execution System

Six Disciplines

Norton (creators of the Balanced Scorecard) offer their insights concerning the "rules" of successful strategy execution: The failure to balance the tensions between strategy and operations (execution) is pervasive. Set Goals That Lead ). Kaplan and Dr. David P. Discipline II. Discipline III. Align Systems ).

System 98
article thumbnail

A Closed-Loop Strategy Execution System

Six Disciplines

Norton (creators of the Balanced Scorecard) offer their insights concerning the "rules" of successful strategy execution: The failure to balance the tensions between strategy and operations (execution) is pervasive. Set Goals That Lead ). Kaplan and Dr. David P. Discipline II. Discipline III. Align Systems ).

System 85
article thumbnail

The Key Observation In Managing Strategy Is Managing Change

Six Disciplines

Dr David P Norton, (co-inventor of the Balanced Scorecard) explains in OutlookBusiness magazine (India) how companies can grow successfully by adopting effective strategy planning and execution. So, these are the five principles that transcend economies and cultures.