Financial downturns and intense competition has put a lot of strain over boards and directors to perform better. The effectiveness of the board of directors varies from organization to organization. An accomplished chairman can make the board more constructive and practical by establishing high standards and helping members improve their participation. In 2013, McKinsey & […]
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When Conventional Collaboration Is Not an Option, the Experts Use Stretch Collaboration
Forging collaboration among persons, teams, and organizations can sometimes be a perfect storm. Often, we expect that members who oppose each other will just blend in when working together on their most crucial and difficult mutual problems. Yet, situations like these can cause circumstances to veer out of control. Conflicts can erupt that may be […]
Do You Know How To Take Advantage of the “Appreciative Inquiry” Approach for Organizational Management?
The problem solving approach to organizational design and management has a number of limitations. It focuses only on what’s wrong, identifying causes, brainstorming solutions, developing action plans, and not taking into account the areas that are working well. Problem solving focuses on the past and excludes possibilities for creativity. The approach is time consuming, costly; […]
Leading the Managers and Managing the Leaders
It’s rare to attend a course about leadership and don’t find a traditional activity about “What are the differences between a leader and a manager?” Then, groups start finding out those differences. So what? While pursuing my MBA, I had two elective modules to go for so I chose Leadership and Entrepreneurship. In the first […]
My “TED” Strategy for Success
Most of us know what TED is, and if you don’t, let me borrow what Wikipedia says about it. TED is an acronym, and stands for ‘Technology, Entertainment, and Design,’ and is a media organisation that posts talks online for free distribution, under the slogan ‘ideas worth spreading.’ TED talks are very popular and regularly hosted […]
Do You Realize the Value of Developing BeCoN (Behavior, Cognitive, Network) Capital in the Digital Age?
At the pinnacle of the Industrial Revolution, not many organizations realized the complex subtleties of the Financial Capital. The organizations that were able to develop innovative methodologies to administer their financial capital outsmarted the rivals by achieving a competitive edge. At the advent of the 20th century, two more forms of capital became known and […]
Making the Right Decision: Is your Decision Making Style Giving You the Results You Want?
Decision making is the selection of a procedure to weigh alternatives and find a solution to a problem. There is no right or wrong way to making decisions. Yet, decisions can always affect organizations. It is important that organizations understand how Decision Making Styles can affect the ultimate result. The Decision Making Survey A new […]
Organizational Health Matters More than We Expect. Is Your Organization Healthy?
Organizational health matters more than we might expect. Top management teams that are serious about developing vibrant businesses must look inward and assess the organization’s health objectively. The most effective leadership behavior reflects the state of the company’s organizational health. Is our leadership behavior strong enough in ways that matters most in keeping our organization […]
How to Counter Corporate Corruption and Fraud
Expanding into new markets presents lucrative opportunities, as well as risks. Potential threats in new territories include corporate corruption, malpractices, and fraud, which most firms have to face. Corruption and fraud cover a wide array of situations, but it is the unobtrusive yet more prevalent forms of fraud and corruption that create the biggest risks […]
Do You Have What It Takes to Be an Effective Leader?
Leadership is the single most important human capital issue that organizations face. In fact, in today’s 21st century business, leadership has become a vital element for companies striving to achieve global competitiveness. However, while Leadership can build a team, a department, or an organization, it can also “un-build” or destroy them. A big responsibility has […]
Building Blocks of Behavioral Strategy: How to De-Bias Your Decision Making Process
While making critical decisions, not many strategists are conscious of the impact that cognitive biases have on business decisions. These biases are part of human behavior, and can be referred to as “systematic human tendencies to deviate from rational calculations.” In strategic decision making, leaders need to recognize their own biases, as these biases influence […]
How Do You Establish a Strategic Management Office (SMO)?
Executing strategy the right way is not everyone’s business. The reported failure rates for strategy execution stand at 60% to 90%. A study of large organizations in eight industrialized countries by Bain and Company revealed that seven out of eight companies failed to achieve profitable growth from 1988 to 1998, and very few achieved their […]
