In the Harvard Business Review article Can You Say What Your Strategy Is?, David Collis and Michael Rukstad claim most executives cannot summarize their company’s strategy. Of course, if executives can’t, no one else in the organization will be able to. And those organizations that don’t understand their strategy are unlikely to execute them successfully. In their words:…
Tag Archives | strategy
Dilbert on Goals
One last parting shot on MBOs and the proliferation of goals: Note to all vendors of software packages that support goal tracking (including my employer): It’s only a joke. I do know that there’s value in using technology to solve these problems.
Performance Management Quotes
A few of my favorite quotes about performance management: Strategy without tactics is the slowest route to victory. Tactics without strategy is the noise before defeat. Sun Tzŭ c. 490 BC, Chinese military strategist Management is doing things right; leadership is doing the right things. Peter F. Drucker, American Management Guru The essence of competitiveness…
Strategy vs. Planning
For several years, I’ve argued that performance management is more than just budgeting. I’ve also pointed out that the term planning was often misused by software vendors whose products were mostly limited to financial planning (aka budgeting), rather than end-to-end resource allocation and management. And finally, I’ve advocated outcome-based budgeting, rather than activity-based budgeting, so…
Paying New Employees to Quit
Paying new employees to quit sounds counter-intuitive but it could the key to high-performance organization. In “Why Zappos Pays New Employees to Quit – And You Should Too,” Bill Taylor explains… When Zappos hires new employees, it provides a four-week training period that immerses them in the company’s strategy, culture, and obsession with customers. People…
Trusted Information
I was deep in conversation with an executive about how to make scorecards more actionable when he said something like: I understand that I should focus on KPIs that are red and trending down but, honestly, I don’t trust the data. This is perhaps the true Achilles Heel of Performance management. If end users don’t trust…
Planning vs. Budgeting
Openly, I get annoyed when people use the term planning to describe budgeting. While the terms planning and budgeting are often used interchangeably, they’re not the same thing. Budgeting is how you allocate resources (typically financial) to reach specific objectives. Budgeting helps you create an estimate of income and expenses for a specific time period. Budgeting manages money…
Measuring (Lack of) CRM Usage
One of the most common complaints about customer relationship management (CRM) systems is that individual reps don’t use them. This isn’t very surprising to me, as many CRM deployments are designed to give visibility to management or to streamline the ops person’s ability to forecast, rather than to add value to the individual rep. Organizations try…
Bad KPIs, bad behavior
I received the following email about my Love/Hate Boss post: Your recent comments about relationship between boss styles and KPIs really hit home but in a different context than you described. My boss is currently developing KPIs for me and my team to judge our 2008 performance and he asked me for input. When workers…
Love or Fear the Boss
Should you love or fear the boss? In a Harvard Business Review article entitled Love and Fear and the Modern Boss, Scott Snook writes: Five hundred years ago, Niccolò Machiavelli posed the question of whether it is better for a leader to be loved or feared, concluding that if you can’t be both (and few…