How Starbucks’s Culture Brings Its Strategy to Life

Harvard Business

In most organizations, culture and strategy tend to be discussed in separate conversations. Executives know that culture is important and that a negative culture can hurt company performance, but they often don’t know what to do about it. ” What most executive teams typically fail to do is to connect the company’s culture with how the company makes its strategy work. It was always: ‘Would you do me a favor?’

Is Your IT Department Aligned With Your Business Outcomes? - SPONSOR CONTENT FROM BROADCOM

Harvard Business

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Walmart Won’t Stay on Top If Its Strategy Is “Copy Amazon”

Harvard Business

Walmart’s recent change to free two-day shipping for online orders, no membership required, is the latest in a series of moves the company has made to fight Amazon and grow its e-commerce business. Last year, it purchased Jet.com and installed Jet’s founder, Marc Lore, as head of its e-commerce division. Walmart does need to shore up its e-commerce capabilities, but its attempts to out-Amazon Amazon aren’t a winning strategy.

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Your Company’s Networks Might Matter More than Its Strategy

Harvard Business Review

Once again, he had turned around a struggling company, transformed its business model and made its operations hum. When Netflix emerged as a disruptive threat, Antioco met it head on. It was something Netflix couldn’t match and Blockbuster’s online membership doubled in six weeks. Now, Blockbuster had the superior model but, as Antioco explained in an article in Harvard Business Review , it was all for naught.

Digital Strategy Does Not Equal IT Strategy

Harvard Business Review

Everyone thinks they have a digital strategy these days. But while your company may have a business or IT strategy that incorporates digital technology, an IT strategy does not equal a digital strategy. Because most IT strategies treat technology in isolation. Think about it — your company may be working on a cloud strategy, social strategy, or mobile strategy. Does your strategy capitalize on that?

Increasing Employee Engagement During Turbulent Times and Significant Change in One Major Healthcare Company

leaderCommunicator

Changes in the healthcare landscape forced sweeping changes to its strategy. A major division of a healthcare company that’s part of a Fortune 50 global healthcare conglomerate faced a tough road. Employee Engagement Internal Communication Communicating Change Case Study

Leading by Cause

Lead Change Blog

With a similar theme, Michael Harris and Bill Taylor’s Harvard Business Review article, “ Don’t Let Metrics Undermine Your Business ” said, “A company can easily lose sight of its strategy and instead focus strictly on the metrics that are meant to represent it.” . Leading by Cause is an approach that says – use results to understand activities, effectiveness, and efficiency in context of the organization’s vision and strategy.

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Why Your Management Information Should Be Curated In Real-Time

N2Growth Blog

It is used to respond to changes in the marketplace and react to customer demands. It tends to be summary information composed from individual business transactions performed throughout the business. While this approach is commonly used, it is not recommended. This management information environment must be part of future IT strategy plans to ensure its ongoing refinement and evolution.

Types of Organizational Misalignment

Six Disciplines

The cumulative effects of misalignment are a significant constraint on the ability of an organization to execute its strategy. As a result, it becomes an increasing drag on the success of the company until corrected. Strategic misalignment occurs suddenly, when the leadership sets a strategic VFO (vital few objective) -- but the systems and resources of the organization are not deployed to support it.

Four Things Your Business Should Outsource Now

Strategy Driven

It’s considered to be something that reduces costs because things are going wrong and savings are a must. You can pretty much outsource anything in your business, and if it enhanced employee safety, all the better. For some employers, outsourcing is a bad word!

The First Complete Strategy Execution Program (Summarized)

Six Disciplines

The critical question for every business leader is, “ How do I build an organization that consistently executes its strategy?”. The answer: it takes a complete program. Simply reading best-selling books won’t do it. Strategy Execution Coaching to nurture and nudge to stay the course. The reasons other approaches do not last is that they are missing key elements. Technology (i.e., performance mangement software) alone is not enough.

C-Suite Tip Number 1

N2Growth Blog

It’s a generic way to think about an enterprise and how most are organizationally design. These are the people responsible for setting strategic direction and guiding the enterprise towards its future. These people must be able to interpret the strategic direction set forth by the senior leaders and translate it into actions that the units that report into them can understand and act upon. So, when it comes time to roll-out your next key strategy, where do you begin?

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The Disconnect Between Strategy And Execution

Six Disciplines

While all of us agree there's a disconnect between strategy formulation and strategy execution, the developers of the Balanced Scorecard (Robert Kaplan and David Norton) offer up this terrifying observation: On average, 95% of a company's employees are unaware of, or do not understand, its strategy. Of course, it doesn't have to be that way.

20 Reasons Why Companies Should Do Less Better

In the CEO Afterlife

Do Less Better is also a culture and a strategy of organizations and their leaders. The added complexity and loss of focus on the Nike brand was a lesson well-learned and it didn’t take Nike long to see the error of their ways. It is an expectation placed upon us at a very young age. Strategy tells you what not to do. The glue that binds leadership, strategy, and execution is people—at every level of the organization. The goal isn’t more people; it’s less.

Strategy, Capability & Really Bad Advice

N2Growth Blog

By Mike Myatt , Chief Strategy Officer, N2growth. I just finished reading an article where the author (a self professed innovation guru) recommended strategy be aligned with capability, and that to allow ambition to exceed capability is a nothing short of a recipe for disaster. Let me get right to it – if you want to fail as a leader then please follow the flawed advice given by the wizard of innovation mentioned in the opening paragraph.

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Healthy Raises

Lead Change Blog

In the global economy, each company is constantly adjusting its strategies to enable it to stay ahead of its competition. Cost management strategies are equally important, as the management of all firms is pressured to see how they can manage the cost to help improve the bottom line. He is accountable for returning value to customers by driving the strategy to ensure returns for the next five years. Just like performance review, it drives incentive pay.

When Great Company Cultures Go to the Dark Side: 7 Signs Your Organization Is Headed in the Wrong Direction

The Empowered Buisness

Is over-emphasizing positive thinking in your company’s culture, actually creating negativity without you even knowing it? Is having 0% employee turnover actually a good thing to sing high praises about, or is it overshadowing another truth ? The REAL Truth About Your Company Culture & Its Hidden Shadow Side. Yet many great cultures have also gone toxic AND the leaders don’t even realize it. Strategy can be imitated by your competitors.

Listen up, biz leaders: It’s time to rethink everything

First Friday Book Synopsis

Every company needs to determine if its strategy requires an [.]. biz leaders: It's time to rethink everything BlackBerry DuPont Facebook Fortune Magazine Fortune on PBS Geoff Colvin Google Harold Longman Award Hewlett-Packard Home Depot Instagram Intuit Kodak Listen up Microsoft Motorola Nokia Talent Is Overrated: What Really Separates World-Class Performers from Everybody Else the Great Depression Wall Street Week We're not living in ordinary economic times What is our core?

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Outsizing Strategies to Grow Your Business Potential

Skip Prichard

What strategies separate winning organizations from the rest? What is required to implement strategy and execute with excellence? In his book Outsizing: Strategies To Grow Your Business, Profits, And Potential , Steve Coughran tackles these questions. I had the opportunity to speak with Steve about some of his insights and tips to outsize your strategy, profits, and potential. Outsizing refers to strategies that elevate results from standard to exceptional.

The Two Types of Organizational Misalignment

Six Disciplines

The cumulative effects of misalignment are a significant constraint on the ability of an organization to execute its strategy. It's what we describe in detail in Discipline III. As a result, it becomes an increasing drag on the success of the company until corrected. Strategic misalignment occurs suddenly, when the leadership sets a strategic VFO (vital few objective) -- but the systems and resources of the organization are not deployed to support it.

The Complete Strategy Execution Program

Six Disciplines

The critical question for every business leader is, “How do I build an organization that consistently executes its strategy?” The answer: it takes a complete program. Simply reading best-selling books won’t do it. Different experts may use alternate terms for these concepts, but rather than fixating on terminology for now, it’s better to focus on understanding the underlying principles.

The Complete Strategy Execution Program

Six Disciplines

The critical question for every business leader is, “How do I build an organization that consistently executes its strategy?” The answer: it takes a complete program. Simply reading best-selling books won’t do it. Different experts may use alternate terms for these concepts, but rather than fixating on terminology for now, it’s better to focus on understanding the underlying principles.

The Biggest Challenge In Business? I'ts Not What You Think

Six Disciplines

Think about it for a minute. Sure, you'll come up with a long laundry list of challenges: competitive pressures, growth and expansion, talent shortages, price sensitivity, margins, R&D, industry consolidation.and the list goes on - AND - it changes every day.forever. Once a challenge has been addressed or solved, it's replaced by another challenge (and if you're good at solving problems, the challenges get even greater, not easier!). Is this the way it HAS to be?

Two Questions to Ask on a Regular Basis During Change

Change Starts Here

It tells you what is capturing their hope and anticipation, and what gives them the energy to move forward. This is good feedback because it tells you what part of the change they’re connecting with (sometimes it’s not what you thought it would be). The question is deliberately vague to see what is generating positive emotions, even if it’s not about work.

The Biggest Challenge In Business? I'ts Not What You Think

Six Disciplines

Think about it for a minute. Sure, you'll come up with a long laundry list of challenges: competitive pressures, growth and expansion, talent shortages, price sensitivity, margins, R&D, industry consolidation.and the list goes on - AND - it changes every day.forever. Once a challenge has been addressed or solved, it's replaced by another challenge (and if you're good at solving problems, the challenges get even greater, not easier!). Is this the way it HAS to be?

Guest Blogger Julie Freeman: The Trustworthy Leader

leaderCommunicator

I learned quickly that if I was going to do my job effectively, I would have to earn their respect, not think it would be granted automatically because I was in the front of the classroom. It’s a common sense notion that is also supported by work of the International Association of Business Communicators Research Foundation in its 2000 research study on measuring organizational trust and confirmed in Building the High Trust Organization, published in 2010.

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. 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. Monitor and Learn: hold strategy reviews; hold operational reviews.

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. 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. Monitor and Learn: hold strategy reviews; hold operational reviews.

Competitive Advantage from the Bottom of the Pyramid

LDRLB

Global firms have employed blue ocean strategies to cater their services and offerings to the BoP (Bottom of Pyramid). Many companies have derived BoP strategies from C.K. There are some excellent business & corporate strategy examples of companies implementing the BoP model. The conglomerate is one of the top TV suppliers in Brazil and its unique strategy has led to tremendous brand equity. Strategy bottom of the pyramid prahalad strategy

Surveying Strategy: The Cognitive School

LDRLB

This post is the third in a series about the various schools and models of making organizational strategy. Strategy is a mental process. If the entrepreneurial school introduced the idea that strategy is a mental process that leaders engage in, the cognitive school began the study of that mental process. The cognitive school investigates the process of strategy formulation through the lens of cognitive psychology. Strategy cognitive strategy surveyingstrategy

Apple Lays-Off 200 Titan Project Employees

HR Digest

Apple has dismissed not less than 200 of its employees working on the Titan Project. People familiar with the matter told CNBC that the company this week laid-off workers from its stealthy autonomous vehicle group. Apple on its pay-roll has incredibly talented team members who are working on autonomous systems and associated technologies. It is meanwhile believed internally that the dismissals from the group this week is a restructuring anticipated under every new leadership.

3 Ways to Improve Your Organization’s Culture

CO2

by Calvin Guyer We have all heard the phrase “Culture eats strategy for lunch (or breakfast, or dinner).” ” But what exactly does it mean and what, as a business leader, can you do to improve your organization’s culture? That culture can help and it can hurt. Again, that culture can help and it can hurt. In both of the cases I’ve outlined here, the organization’s culture usually dictates its strategy.

IT Resources for Non-Profits

Survive Your Promotion

Tips for New Managers on Navigating the Transition from Individual Contributor to Team Leader Skip to content Home About the Book About Katy Recommended Reading ← They seemed so normal in the interview… To tweet or not to tweet… → IT Resources for Non-Profits Posted on January 22, 2010 by Katy Before I got involved in doing the management hokey pokey, I was (and still occasionally am) an IT consultant. Survive Your Promotion!

The Lessons Learned From Small Businesses

Eric Jacobson

Just imagine how intriguing it would be to hear stories about six road trips. The stories are grouped by lesson topics : Scaling a Business Establishing Barriers to Entry Product Differentiation Setting Prices Managing Your Brand Negotiating Effectively Hiring Delegation Battling the Big Boys Strategy is a Continuous Process Mike Mazzeo Coauthor, Mike Mazzeo shared with me more insights about his book, and the journeys he shared with coauthors Paul Oyer and Scott Schaefer : 1.

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How Small Businesses Inspire Big Businesses

Eric Jacobson

Just imagine how intriguing it would be to hear stories about six road trips. The stories are grouped by lesson topics : Scaling a Business Establishing Barriers to Entry Product Differentiation Setting Prices Managing Your Brand Negotiating Effectively Hiring Delegation Battling the Big Boys Strategy is a Continuous Process Mike Mazzeo Recently, coauthor, Mike Mazzeo shared more insights about his book, and the journeys he shared with coauthors Paul Oyer and Scott Schaefer : 1.

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6 Road Trips Reveal Critical Lessons For Business Success

Eric Jacobson

Just imagine how intriguing it would be to hear stories about six road trips. The stories are grouped by lesson topics : Scaling a Business Establishing Barriers to Entry Product Differentiation Setting Prices Managing Your Brand Negotiating Effectively Hiring Delegation Battling the Big Boys Strategy is a Continuous Process Mike Mazzeo This week, coauthor, Mike Mazzeo shared more insights about his book, and the journeys he shared with coauthors Paul Oyer and Scott Schaefer : 1.

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Building a Business Case for IT Spending

Survive Your Promotion

Tips for New Managers on Navigating the Transition from Individual Contributor to Team Leader Skip to content Home About the Book About Katy Recommended Reading ← The Currency of Leadership Evaluating Your Strengths → Building a Business Case for IT Spending Posted on December 7, 2009 by Katy IT management is a cost center for most organizations. However the level to which a solution is implemented is weighed against the cost of the risk it is designed to mitigate.

How to Transform Your Sales Rebate Strategy From Problematic to Profitable

The Kini Group

At least that’s how it feels in the moment. It’s simple math – you give more away, you make less. It just means you have to find a responsible and strategic way forward. 5 Tips to a Prosperous Sales Rebate Strategy. The cornerstone of a successful sales rebate strategy is the ability to bring in more revenue than is lost through the rebate itself. It’s a waste of valuable time and resources. It also puts your company at risk for error.

Complimentary Resource – Get the Right People: 9 Questions for Getting the Best Hires

Strategy Driven

When it comes to hiring, it’s all about quality, not quantity. Whether a company succeeds or fails ultimately depends on whether it hired the right people to effectively execute its strategies. It’s true. Get the Right People : 9 Questions for Getting the Best Hires. by SuccessFactors. Are you getting the best? The most important decision a company makes about employees is whether to hire them.

A Way to Implement Change That Really Works

Change Starts Here

But how do I actually do it?”. When you find something that works and facilitate a breakthrough, it’s an amazing feeling, isn’t it? But otherwise, it can seem like a constant uphill battle. It’s easy to get stuck, wondering why what you’re doing isn’t working, lamenting all the resistance you face, and not knowing for sure what to do next. How much is it? Using the Irresistible Change Guide, you can do it yourself for much less.

A System For Rapid Realignment

Tim Milburn

Labovitz and Victor Rosansky, co-authors of Rapid Realignment: How to Quickly Integrate People, Processes, and Strategy for Unbeatable Performance. The first step toward rapid realignment is to get leadership team members aligned with The Main Thing of the enterprise and its strategy. It’s important to define reality with data and to share what needs to change, and to describe the metrics that will be used to track those changes.

How to Employ Leadership Fundamentals…or Falter

Strategy Driven

Then, it executed several strategic moves with seemingly little communication and proceeded to churn its executive ranks through a revolving door. In the process, Reddit upset nearly everyone; investors, employees and its fanatical community of users alike. While addressing the sacred cow, the company failed miserably to articulate its strategy and gain support for its direction. Here's a piece of advice about how to do it. You can't do it alone.

Complimentary Resource – Get the Right People: 9 Questions for Getting the Best Hires

Strategy Driven

When it comes to hiring, it’s all about quality, not quantity. Whether a company succeeds or fails ultimately depends on whether it hired the right people to effectively execute its strategies. It’s true. Get the Right People : 9 Questions for Getting the Best Hires. by SuccessFactors. Are you getting the best? The most important decision a company makes about employees is whether to hire them.