A company retreat without a precise purpose can easily become an expensive social eventLeadership and team retreats are increasingly used not only for strategy planning but also to…
Innovation does not come only from new ideas. A company needs a system that can turn them into practiceCreativity and innovation are not the same activity. Creativity creates new possibilities, while…
The board should not run the company instead of management. Its job is to oversee the quality of decision-makingA successful executive does not automatically make a good board member. The experience that helped…
More training will not rescue performance if employees lack the capacity to use what they already knowA performance problem does not necessarily mean a lack of skills. People may know exactly what to do…
Company growth requires the ability to reject projects. Too many priorities slow both decisions and executionAs a company grows, so do the number of customers, products, markets and internal demands.…
Managers gain a clearer picture when they actively seek information that challenges their first judgmentLeaders often make decisions with incomplete information. Employees may not volunteer bad news,…
Automated checks find known defects. Ford shows why companies still need the experience of people from operationsFord uses more than 100,000 automated tests in parts of its quality control, yet it has also brought…
A one-off acquisition usually does not create value if the company cannot repeat the entire integration processBuying a smaller company can look on paper like a fast route to growth and a higher valuation. But…
Almost every company promises savings, but only a minority captures the expected value. The problem is executionAccording to a global Deloitte survey, 96 percent of organizations are carrying out some form of…
A strategic plan can be sound and still change nothing. Unspoken rules of corporate culture decide what happensStrategic planning usually addresses goals, priorities, competition and resource allocation. It pays…
