Is your strategy right for the challenge you face?
A mismatch between your strategy and the key challenge you face can spell trouble Henry Mintzberg once defined strategy as a pattern of action in response to something . . . However, many strategies lack a clear definition of that “something” . . . the challenge to which they’re responding. We believe this often results in setting too many priorities. Why? Read on. Why too many priorities? We recognized 20 years ago that many of our clients’ strategies included too many priorities. How could a situation analysis with 20 to 30 strengths, weaknesses, opportunities and threats be focused? So...
Read MoreAre CEOs really overpaid and mostly not worth it? Part 3
Recap In Parts 1 and 2 of this topic, we reviewed studies and opinions on executive pay. We found that the research shows: CEO pay has grown faster than the capitalization or profits of the companies they head, and this is most likely the result of measurement difficulties and remuneration policies that may be skewed by self-interest. This week we’ll conclude by answering the key strategic question “what should companies do about it”. Our answer may surprise you. What the data does – and doesn’t – tell us As with nearly all population statistics, the pay received by...
Read MoreGrow your payoff by investing more in the highest leverage leadership activity.
What is the highest leverage leadership activity? Since we began consulting on strategic planning in 1989, we’ve been strong advocates of advance preparation for planning sessions. When client teams short-change advance preparation, it takes longer to create plans. Perhaps worse, the resulting plans tend to focus on short term and operational issues. In short, lack of preparation means your plans aren’t likely to have the desired positive impact on your organization’s future. We can’t think of a better way to increase your organization’s effectiveness than by making great...
Read MoreIs Creative Thinking An Oxymoron in Your Strategic Planning?
Why strategic thinking stops during strategic planning In his book, “The Rise and Fall of Strategic Planning”, Henry Mintzberg noted that strategic thinking occurs more or less continuously in most organizations. Paradoxically, it seems to stop only during strategic planning sessions! After leading strategic planning sessions for 22 years, I agree. During strategic planning sessions ideas are presented, socialized, debated and polished . . . but seldom actually created. The vast majority of the new ideas presented in planning sessions were conceived before the planning session – often long...
Read More
![[Valid RSS]](http://www.knowlan.com/valid-rss-blue.png "Validate my RSS feed")
Recent Comments