Advocating Inspiring Strategies
This video covers a team-based approach to designing and aligning strategies (3:31 mins).Here are 4 key take aways to watch for:
A definition of a business (very viral)
The Business Triangle
The 7 Key Business Scope Decisions
A process for aligning strategies across businesses and functions
The unique challenges of family owned businesses center on performance - low performance. If you have family owned businesses, there are two studies worth paying attention to, one just published, the other from 2007. Both place family owned businesses in last place in two critical categories. The first is business performance. The second is board performance.
The 2007 study, a pedigreed academic work from the School’s of Economics at both Stanford and London, and McKinsey surveyed 4000 mid-sized companies. The upshot of that study is that a relatively small and sustained investment in leadership training results in a 25% increase in staff productivity and 65% increase in return on capital. Most organizations underplay such investments, often in favor...
arvard Business Review posts The Daily Stat. I recommend subscribing. Here's today's post - it's problematic:
Investors May React Emotionally to Corporate Responsibility (CSR)
Here's my response: Oh boy. Context is everything...
The ability to craft effective business strategies is essential for nonprofit organizations being able to respond to rapidly changing conditions and deliver on their mission. The excerpt below from an article in the Stanford Social Innovation Review (a must-read for nonprofit leaders) addresses a key element of what is needed: strategic thinking. And to take this one step further, we need to develop cultures of strategic thinkers—teams working together to constantly create, innovate and test strategies for growth.
“We think that what is necessary today is a strategy that breaks free of static plans to be adaptive and directive, that emphasizes learning and control, and that reclaims the value of strategic thinking for the world that now surrounds us.”
The Strategic Plan is Dead. Long Live Strategy—Stanford Social Innovation Review