Strategy consultants seem to recommend to go beyond the core blue ocean. Confused? Let me explain. Chris Zook’s book Beyond the Core describes how an organization can continue to grow after its core business has plateaued by finding adjacent opportunities which both leverage and reinforce its core strengths. Zook recommends a series of small, harmonious adjacent moves to maximize long-term…
How’s your blog doing? That’s a question I get frequently and I fumble for a good answer. Normally I mention that my readership seems to increase every month and leave it at that. But the question – and my fumbled answer – are a constant reminder I’ve never established any objectives for this blog. As such, I…
People frequently ask me which book they should read to learn more about strategy and performance management. While there are many books worth reading, I don’t think there’s a single book that gives you a complete enough view. Both strategy and performance management come in many flavors, and you have to read several books to appreciate the breadth….
You can accomplish your management by walking around goals without actually walking around. The walking (or wandering) around was never the point. As I said in my initial 2006 post, For Hewlett and Packard, managing by walking around (MBWA) was a way to get everyone on the same page; what they believed was the secret…
How many strategy management mistakes can you count? 1. Failure to adequately communicate the strategy 2. Failure to explain how the strategy impacts individuals 3. No formal cascade of objectives between high-level strategy (pointy haired boss) and next level down (Dilbert) 4. No way to monitor progress towards achieving objectives Did I miss any?
This week at ASMI’s Balanced Scorecard Masters Conference I gave a talk entitled “Performance Alignment: Cascading Enterprise Strategy Throughout the Organization.” For those of you who may not be familiar with the concept of cascading, it’s a formal method for achieving alignment throughout an organization. Cascading isn’t the only possibility: all employee phone calls, status meetings,…