How Starbucks’s Culture Brings Its Strategy to Life

Harvard Business Review

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?’

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. As the General himself put it, “It takes a network to defeat a network.”

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. Does your strategy capitalize on that?

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

Harvard Business Review

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.

Price 10

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

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.

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. Grow Your Business.

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, 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.

Advice 393

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. He is accountable for returning value to customers by driving the strategy to ensure returns for the next five years. It is a good practice.

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.

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 ? Rather to learn from it.

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.

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.

Nabob and the Coffee Kerfuffle: How the 120-year-old brand managed to maintain its challenger status.

In the CEO Afterlife

This article was written by Jennifer Horn for the June 2016 issue of Strategy Magazine. As Ogilvy’s Ian MacKellar, who helped develop the current creative platform, would say: “For any campaign or creative idea, it helps to have a conflict, a tension, an enemy.”

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?

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).

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. We live in a skeptical world.

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?

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?

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.

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.

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.

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.

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.

The Lessons Learned From Small Businesses

Eric Jacobson

Just imagine how intriguing it would be to hear stories about six road trips. Mazzeo : We were continually surprised by the creative strategies that small businesses had developed to compete better in their markets. Panhandle developed its strategy around dealing with this uncertainty.

PR 92

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. You can't do it alone.

How To 142

IT Resources for Non-Profits

Survive Your Promotion

It’s tough to build an IT strategy when you want to spend all of your money to support your mission, so many non-profits lack both the resources and the understanding of how to leverage IT within their organizations. Survive Your Promotion!

How Small Businesses Inspire Big Businesses

Eric Jacobson

Just imagine how intriguing it would be to hear stories about six road trips. Mazzeo : We were continually surprised by the creative strategies that small businesses had developed to compete better in their markets. Panhandle developed its strategy around dealing with this uncertainty.

PR 88

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. Mazzeo : We were continually surprised by the creative strategies that small businesses had developed to compete better in their markets. Panhandle developed its strategy around dealing with this uncertainty.

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.

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.

Building a Business Case for IT Spending

Survive Your Promotion

It is considered to be necessary spending in most cases, but the goal is to spend as little as possible to effectively meet the needs of the organization. Certain aspects of IT fall squarely under the category of Risk Management and are generally considered a “cost of doing business”.

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

The Marketing Strategy: What You REALLY Need To Know

Strategy Driven

Your business thrives on how effective its marketing strategy is. Marketing is a concept that can almost consume a business that hasn’t got its strategy in order. Most businesses place a vast proportion of their budget towards marketing and its various sub-categories.

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.

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.

System 103

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.

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.

The 2010 Execution Round-Up: Six Companies That Couldn't 'Get It.

Strategy Driven

It’s that time of year again: time for business owners and senior executives to take stock of the past twelve months. But there’s only one that really matters: Did your company effectively execute its plans and initiatives? Based on extensive research and years of practical experience, Closing the Execution Gap outlines five prerequisites for effective execution and five ‘Bridges’ that differentiate companies that do it best. It turns out that no one did.