Every week, we read stories of employees who, by violating corporate values, destroy their company’s reputation, assets, trust and goodwill. The following are recent examples: BP prided itself on a culture of safety. Yet, time after time, it appears rig personnel made decisions that increased the risk of a blowout to save the company time…
Today, more than ever before, organizations are having to battle with fewer financial and human resources. Deciding where and how to allocate them is challenging – and these decisions have become even more difficult because a wrong decision can cripple an entire organization. In view of this new environment, the process of evaluating and prioritizing projects must…
If your organization has not aligned its culture to its strategic focus, meeting goals and fulfilling potential is likely to be tough. Unfortunately, few leaders have figured this out or know how to do it effectively. Step One: To be at the top of your game, determine how you will compete in the market place….
Looking for ways to jump start profitable growth? Over 88 percent of this country’s large organizations are now engaged in some form of strategic planning…and this number continues to expand, reaching across all industry sectors and involves companies of all sizes. Yet, as business leaders gather to strategically plan their futures, they continue to make fundamental…even fatal…
The critical difference between companies that handle aggressive schedules and stress versus those that can’t is how well managers perform their jobs. This “Leadership Tip” describes six ways managers can help prevent burnout and still deliver.
Alignment between strategy, culture and infrastructure is critical. Indeed, it is the central definition of organizational effectiveness. This tip provides an easy- to-understand model and real-life example, showing how you can bring these three components together to achieve exceptional results.
Globally, mergers, acquisitions and alliances have increased at a rate of 25 percent a year and are frequently the growth strategy of choice for many corporations. The well-publicized failure rate of these moves is frequently caused by trying to squeeze one culture into another. Paradoxically, making individual business units feel valued for who they are encourages a more collaborative effort in achieving the organization’s overall vision.
Many organizations fail miserably when making change. Managing change is difficult and takes wisdom, experience and thoughtful analysis. More often than not, leaders charge into change without taking time to reflect, analyze and plan each step toward their goals. Renova Corp. offers three unique principles that impact the way you manage change and dramatically increase the probability for your success.
When trying to change organizations, executives sometimes plunge ahead without establishing a sufficient sense of urgency. George Low, director of the Apollo 11 first landing on the moon, provides eight ways to increase the sense of urgency in your organization.
Most strategies look like ""bulleted to-do"" lists, but they don’t force you to sequence and think through the critical relationships or strategies. Transform your business plan from bullet points into a story that tells everyone not only what the goals are but also how to reach them.