Posts Tagged "implementation"

What can entrepreneurs and professional managers learn from each other?

Posted by on Mar 19, 2012

More importantly, when and where should these lessons be applied?  A lot has been written about the differences between entrepreneurs and managers, often with the underlying message that professional managers should try to be more like entrepreneurs. The praise showered on entrepreneurs includes that they: see opportunities where others don’t have the knack of making something out of nothing are “fearless”, “independent minded” and “adaptable” are constantly scanning for new opportunities are avid information-gatherers and opportunistic learners see and pursue opportunities without the need...

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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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How to prioritize for faster strategy implementation

Posted by on Feb 20, 2012

The hard choices of strategic prioritization So you know you have to finally decide  Say yes to some and let the other ones ride  There’s so many choices, not all can be tried  Yes you know you have to finally decide (With apologies to the “Lovin’ Spoonful”) In last week’s article we discussed the importance of setting a few critical strategic priorities to accelerate implementation, and the reasons why teams often neglect this important step. This week we’ll set out guidelines for prioritization to help your team become very clearly focused on the most critical...

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Why plan in a retreat setting?

Posted by on Feb 6, 2012

Retreats can be highly productive During my career I’ve worked with more than 100 client organizations, public, private, for-profit and not for profit. The most productive planning meetings I’ve facilitated have been multi-day meetings held offsite, usually in locations requiring an overnight stay. The reason for selecting a retreat location is well known to those who have participated. These meetings are nobody’s idea of a vacation. It’s common to work 10 to 12 hours per day, interrupted only by breaks, and without the distraction of people rushing off to deal with “emergencies” or...

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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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