Curated News on Strategy Execution
McKinsey & Company - Aug 30, 2021
What does resilience mean in capital and balance-sheet management?
Two partners from McKinsey’s Risk and Resilience Practice share their perspectives on dealing with heightened uncertainty and emerging threats during and after the COVID-19 pandemic.
Bain & Company - Jul 30, 2021
Leading From The Minority
Putting yourself into situations in which you’re not part of the majority builds valuable leadership skills.
HBR.org ($) - Aug 3, 2021
Did WFH Hurt the Video Game Industry?
The video game industry was better prepared than most to make the switch to remote work. Even so, researchers found that companies that went remote during the pandemic suffered more delays than those that managed to keep working in offices.
Bain & Company - Aug 4, 2021
Three Steps to Make Training Stick
Combining formal training, ongoing coaching, and peer learning is key to helping employees master critical new skills.
Fast Company ($) - Aug 5, 2021
‘It’s very time sensitive’: Why a fast-paced work environment hurts all employees
When a business emphasizes constant responsiveness, rushed and thoughtless action can become a cultural norm.
SmartBrief - Jul 30, 2021
Here are the habits of employees who lead without the title
In this article, I share five habits of these influential, informal leaders. They merit studying.
SmartBrief - Aug 3, 2021
Why leaders need to know the difference between teams and rosters
Most of it is talk about rosters, not teams. While it may sound like semantics, there’s a very big difference — one that affects you as a leader, even if you’re not a football fan.
This article focuses on radically overhauling your organization’s customer experience (CX) to achieve market success. It speaks to the need to leverage human-centered design experts to do a deep dive into all of the interaction points along the customer journey (coined the “Midas Touch”). The authors also talk to the likely need to consolidate resources from other incremental CX improvement projects to provide ample support to do so. I really like this blank page design approach to meeting customer needs, but I also understand the organizational hurdles and inertia to take on such revolutionary change efforts.
BCG - Aug 2, 2021
CEOs Need a Customer Experience Revolution—Not an Evolution
Thanks to digital technologies and digitally savvy customers, companies across industries can create a customer experience unlike anything ever seen before. CEOs, take note: this could be the biggest growth opportunity to come along in decades.
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Taking Stock
A common problem that cross-functional teams face is finding a way to measure the actual “impact” of their initiative in addition to its progress.
This article discusses the need to fully understand segment costs as the simplicity of a small business turns into the complexity of a midsize business with a myriad of products, customers, etc. This knowledge of costs moves from simple intuition to data-backed evidence. With these numbers as a backdrop, many decisions and/or considerations can be discussed – with the facts being on the wall. I love this picture of “prepared minds” coming around a challenge to discuss a path forward. Great article for those of us that are nerdy about having a shared knowledge of the actuals, so you can discuss what’s possible!
HBR.org ($) - Jul 30, 2021
Midsize Companies Need a Systematic Approach to Cost Analysis
As companies grow from small to midsize, manual checks will no longer suffice to track a broader array of costs back to individual products or services.
Zach Bucek - Medium ($) - Aug 2, 2021
Customers experiencing success
Creating better products with iterative improvements
BCG - Aug 2, 2021
How Prepared Is Your Company to Go Beyond Great?
Outstanding performance was once the hallmark of a great company. Year after year, it delivered exceptional total shareholder return through differentiated products or services while increasing scale and cost efficiency. No small feat.
This post pits the idea of dialogic “what is possible” versus that of diagnostic “what is true” (which typically means – true to me – within the constructs of my understanding). I continue to spend more and more time thinking about how to reframe my thinking to always be about what’s possible, or possibly true, as opposed to framing within what I think is true. It’s very hard for me, but it has helped with my marriage, my kids, and my work! The post goes on to explore the needed attributes (generativity, narrative, and emergence) of change conversations from this perspective.
Culture Co-Lab - Medium ($) - Aug 3, 2021
Rethinking organisational development
There’s a real opportunity to create a movement of OD consultants and practitioners who are able to 1) help determine whether there is a technical problem or adaptive challenge 2) challenge the dominant mindset and the desire to solve an adaptive challenge with a technical solution and 3) embrace the opportunity for adaptively, iteratively, perpetually changing and learning.
adaptable - Jul 31, 2021
Top Articles on Strategy Execution – July 2021
This is adaptable’s Top Ten list on Strategy Execution for July 2021. Enjoy!
adaptable - Jul 29, 2021
“Weekly Picks” (July 29th)
These are adaptable’s favorite few articles on Strategy Execution for the week ending July 29th. Enjoy!
Two claps for this article! I totally agree that organizational culture is built on a set of behaviors/values that are applauded and rewarded over time. The reinforcing mechanism of celebration turns these actions taken by individuals into actions that everyone is copying and owning. The leader has the opportunity to identify and celebrate those activities that support the purpose and strategy of the organization and, thereby, influence what becomes the culture of the organization.
MIT Sloan Management Review ($) - Jul 26, 2021
Overcoming Obstacles to Successful Culture Change
New behaviors must become lasting habits to achieve positive, sustainable change.
This article does a great job of summarizing some of the key risks and mitigation efforts to enable what the authors call a “resilient supply chain”. The article also talks (although only briefly) about how resource planning methods can be used to analyze risk and identify mitigation opportunities for early signs of break points (definitely read the sidebar on the medical device company!).
BCG - Jul 29, 2021
Real-World Supply Chain Resilience
For years, companies have focused on eliminating redundancy in sourcing to reduce fixed costs and promote efficiency. Greater efficiency, however, came at the expense of diminished flexibility and effectiveness—a tradeoff the pandemic-induced supply chain disruptions have made painfully clear.
MIT Sloan Management Review ($) - Jul 29, 2021
Fast-Track Data Monetization With Strategic Data Assets
To monetize data, companies must first create strategic data assets that can be reused and recombined for new value creation.
McKinsey & Company - Jul 23, 2021
Igniting your next growth business
Growth outperformers prioritize expansion into business areas where they have a ‘natural ownership’ advantage.
I’m intrigued by the concept of “job sharing” – the idea of two part-time, but overlapping, employees doing one job. Seems like a great way to combine complementary on-the-job skills and/or personalities(!) while also providing flexibility to staff. This article discusses how Swiss companies have made a common practice out of what the author says was an idea that originated in the US!? As a leader, it is worth understanding job sharing. It seems to hold merit as employees look for balance in their work and non-work lives.
Fast Company ($) - Jul 29, 2021
Is job sharing the solution to our flexible work problems?
Job sharing can help protect against burnout, let employees explore their interests, help with retention, and give everyone the flexibility they crave. So why aren’t more companies doing it?
George Veth
This is a simple post on the current saga going on between Aaron Rogers and the Green Bay Packers organization. The author draws an analogy to the fact that the Packers may have the best roster (even better if Rogers is part of it), but it won’t matter if their culture is actually in disarray. They won’t be a winning team. The conclusion is that leadership needs to be cultural in nature. I like the constant reminder.