Why leaders should ‘show their working’

“Show your working’ is an expression we use when working with leaders around improving their communication and developing their teams. The concept comes from the days doing high school maths where we were encouraged to ‘show our working’ during the exams so that even if the end answer was incorrect we would receive marks based […]

3 Rules to Make a Company Great

The April 2013 issue of Harvard Business Review features a story that argue there are only 3 rules to making a company truly great.  The article provide insights into how exceptional companies deliver superior long-term performance, even as they face similar obstacles to their competitors. The scope of the study is pioneering. They draw on “big data” – hard […]

Strategic Triggers

Have you identified your strategic triggers before you start rolling out the strategy? A key aspect of the strategic planning process is that once you have decided and agreed your strategic plan – and while you still have the design team together – that you identify what the events, conditions or circumstances are that will […]

Are you implementing or executing your strategy?

Within your organisation do you implement or execute strategy?  The choice of language can have very different implications on how your staff view both the process and the desired outcomes. Implementation and execution are often used interchangeably in many organisations and in business articles & books.  However they have two very different connotations especially in terms […]

Strategy = How

We are all using the same words but we mean so many different things. This comes up frequently in my research, my general discussions about my research and in my consulting work.  Whilst I have already written that at the heart of this issue is not the particular jargon but the organisational understanding of the […]

Interesting Research on Strategy

In support of my “why does business strategy fail” work here is some research that asks some very direct questions of senior executives about their strategy with disappointing results. In 2011 Booz & Co conducted a survey of 2,800 executives from companies of various sizes, geographies, and industries. According to this survey, most executives don’t […]

Strategy-to-Performance Gap

What is your strategy-to-performance gap? Written by Mankins & Steele this well cited article published in the Harvard Business Review challenged many senior executives to seriously examine what they were accepting in their business in terms of the year on year performance of their strategic endeavours. Companies typically realise only about 60% of their strategies’ […]