productivity improvement

Realizing the promise of employee engagement

Posted by on Aug 14, 2012

Ensuring your Great Expectations don’t turn into The Good, The Bad, and The Ugly As the old joke goes, in a ham-and-eggs breakfast the chicken is involved but the pig is committed. That isn’t far off the mark for the difference between employee involvement and true employee engagement. Someone can be involved in something as a bystander, but they have to take action to be engaged. Today’s article is the first of a 3-part series for leaders who are considering making employee engagement an important part of their strategy. In today’s article – part 1 – we’ll talk about what...

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Two practical ways to implement your strategic priorities FAST

Posted by on Feb 29, 2012

In all my years as a management consultant, one of the funniest expressions I’ve heard is “it may work in practice, but it will never fly in theory”. Our last two articles on strategic prioritization were more theoretical and conceptual, but this week, let’s get practical. Senior managers may put a lot of effort into selecting the right strategic priorities, but it goes for naught unless they’re converted to action.  This week we’ll describe two simple, practical ways to convert your priorities to understanding throughout the organization, and most importantly, ACTION at the front lines....

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A little-known secret to successful strategy implementation

Posted by on Feb 13, 2012

Set strategic priorities for fast implementation We all know that success requires a sound strategy that fits your know-how and resources. However, there’s an often overlooked but critical factor required for successful implementation – strategic prioritization. Strategy has always been about getting the biggest bang for the buck.  But this is different.  This is about focusing on a few of your initiatives for immediate implementation, while others await their turn. The concept is very simple, yet few senior teams do it.  Most find it difficult to narrow their priorities further than dozen...

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Are CEOs really overpaid and mostly not worth it? Part 3

Posted by on Jan 23, 2012

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...

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Grow your payoff by investing more in the highest leverage leadership activity.

Posted by on Sep 19, 2011

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...

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If you can’t answer this question, you may be a sitting duck!

Posted by on Jul 25, 2011

What is your business model? Lately we’ve taken to asking every prospective new client the same question in our exploratory discussion: “What is your business model?” A bit of history will help to explain why we think this question is important. When I began consulting on strategic management, I thought it strange that in the five days it typically took to create a strategic plan, very little time was spent actually discussing strategy. We devoted many hours to SWOT lists, mission statements, climate goals, objectives and action plans. Strategy was implicit in many of these discussions, but...

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The Weak Linkage Between Employee Engagement and Productivity

Posted by on Jul 11, 2011

Look Before You Leap Managers often leap from the notion that “employee engagement is low” to “engaging employees will increase productivity and our strategic success”. While there may be a strong link between these ideas in some cases, it is far from universally true. Some will undoubtedly wonder how we strayed from strategic management to productivity. After all, isn’t productivity primarily about operations management? The answer is an emphatic no! Productivity is defined as “the value of outputs divided by the inputs required to produce them”. By that definition, an effective...

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