Want FREE Templates on Organization, Change, & Culture? Download our FREE compilation of 50+ slides. This is an exclusive promotion being run on LinkedIn.

We have categorized 4 documents as Golf. All documents are displayed on this page.

As John F. Kennedy once quipped, "All of history is the elimination of the horse." Just as the car eliminated the necessity of the horse, today, businesses are experiencing a similar revolution with Old School Management strategies giving way to New Age Operational Excellence leveraging a myriad of novel approaches, including the principles of competitive sports such as Golf. This article focuses on the application of golf-strategies to business management.

Did you know?
The average daily rate of a McKinsey consultant is $6,625 (not including expenses). The average price of a Flevy document is $65.


Trusted by over 10,000+ Client Organizations
Since 2012, we have provided best practices to over 10,000 businesses and organizations of all sizes, from startups and small businesses to the Fortune 100, in over 130 countries.
AT&T GE Cisco Intel IBM Coke Dell Toyota HP Nike Samsung Microsoft Astrazeneca JP Morgan KPMG Walgreens Walmart 3M Kaiser Oracle SAP Google E&Y Volvo Bosch Merck Fedex Shell Amgen Eli Lilly Roche AIG Abbott Amazon PwC T-Mobile Broadcom Bayer Pearson Titleist ConEd Pfizer NTT Data Schwab



Flevy Management Insights: Golf

As John F. Kennedy once quipped, "All of history is the elimination of the horse." Just as the car eliminated the necessity of the horse, today, businesses are experiencing a similar revolution with Old School Management strategies giving way to New Age Operational Excellence leveraging a myriad of novel approaches, including the principles of competitive sports such as Golf. This article focuses on the application of golf-strategies to business management.

For effective implementation, take a look at these Golf best practices:

Explore related management topics: Operational Excellence

The Parallels Between Golf and Management

Golf and business are intrinsically linked due to their shared focus on strategy, decision making, and continual improvement. Golf—much akin to Strategic Planning—demands a thorough understanding of the environment, assessing potential risks and rewards, and executing a well-thought-out plan under pressure. Today, we see clear parallels in how organizations' C-suite tactical and strategic decision-making is being influenced by the principles gleaned from this sport.

Explore related management topics: Strategic Planning Decision Making

The Mindset of Champions

Taking a viewpoint from the golf fairway, the mindset plays an equal if not more significant role than technical skills. A study by McKinsey and Co discovered that 92% of CEOs who maintained a strong performance mindset, reminiscent of top golfers, outperformed their peers in profitability, revenue growth, and longevity. A similar attitude is essential in the corporate setting as C-suite executives are often performing under pressure and making critical decisions that may have far-reaching implications for their organizations. Managers need to view challenges as opportunities for Improvement rather than obstacles to success. This reframing process is equally crucial on the golf course and in the boardroom. With such an attitude, leaders can make decisions more objectively and guide their teams effectively.

Explore related management topics: Revenue Growth

Golf’s “Risk-Reward” and Decision Making

The concept of a "risk-reward" approach in golf illustrates another semiconductor between golf and business management. Risk Management differs between golf and business as the risk is more quantifiable on the golf course. However, the principles remain the same. Whether deciding to go for a risky shot to save a stroke or to invest significantly in a potentially revolutionary project, the underlying process of evaluating potential benefit against potential harm is strikingly similar.

Explore related management topics: Risk Management

Stewardship and Ethics

Stewardship, honesty, and respect for the rules play a crucial role in golf, much like in business. The culture of self-reporting rule infractions in golf is a strong testament to this sport's ethical core. Incorporating these values into a company's culture promotes trust and boosts Performance Management.

Explore related management topics: Performance Management

Continual Improvement

In golf, players continually strive for improvement. Businesses should adopt a similar approach towards Innovation, seeking process Improvement and performance enhancements continuously. Emphasis on Development can lead to powerful productivity improvements that drive revenue growth.

Explore related management topics: Process Improvement

Lessons in Resilience

Lastly, golf teaches the art of resilience. Dealing with challenges and failure serves as preparation for more significant adversities ahead. Lessons learnt in toughness and perseverance in golf are widely applicable in business too where C-level executives regularly deal with the upheavals of market fluctuations and operational challenges.

To conclude, the parallels between golf and business are significant. By understanding and applying golf's principles, leaders could potentially improve their mindset, decision-making, culture, and resilience to steer their companies more effectively.

Golf FAQs

Here are our top-ranked questions that relate to Golf.

What role does the mindset of resilience, as learned in golf, play in navigating corporate crises and market volatility?
Golf teaches resilience through embracing challenges, maintaining focus under pressure, and adapting to unforeseen circumstances, paralleling Strategic Planning, Risk Management, and Innovation in navigating corporate crises and market volatility. [Read full explanation]
What strategies from golf can be utilized to improve long-term strategic planning and forecasting in business?
Implementing golf strategies into business strategic planning emphasizes understanding the market, adaptability, precision in strategic choices, long-term focus, and continuous Performance Management for improved long-term success. [Read full explanation]
How can the concept of continual improvement in golf be integrated into corporate training and development programs?
Integrating golf's continual improvement concept into corporate training enhances skills, fosters a Continuous Learning culture, and drives success through incremental improvements, adaptability, and feedback. [Read full explanation]
In what ways can the risk-reward analysis in golf inform financial decision-making and investment strategies in the corporate world?
The principles of Risk-Reward Analysis in golf offer insights into Strategic Planning, Risk Management, Performance Management, and Innovation, guiding businesses in making informed decisions that balance risk and reward for sustainable growth. [Read full explanation]

Related Case Studies

No case studies related to Golf found.

Explore all Flevy Management Case Studies




Flevy is the world's largest knowledge base of best practices.


Leverage the Experience of Experts.

Find documents of the same caliber as those used by top-tier consulting firms, like McKinsey, BCG, Bain, Deloitte, Accenture.

Download Immediately and Use.

Our PowerPoint presentations, Excel workbooks, and Word documents are completely customizable, including rebrandable.

Save Time, Effort, and Money.

Save yourself and your employees countless hours. Use that time to work on more value-added and fulfilling activities.




Read Customer Testimonials

  •  
    "As an Independent Management Consultant, I find Flevy to add great value as a source of best practices, templates and information on new trends. Flevy has matured and the quality and quantity of the library is excellent. Lastly the price charged is reasonable, creating a win-win value for "

    – Jim Schoen, Principal at FRC Group
  •  
    "Flevy.com has proven to be an invaluable resource library to our Independent Management Consultancy, supporting and enabling us to better serve our enterprise clients.

    The value derived from our [FlevyPro] subscription in terms of the business it has helped to gain far exceeds the investment made, making a subscription a no-brainer for any growing consultancy – or in-house strategy team."

    – Dean Carlton, Chief Transformation Officer, Global Village Transformations Pty Ltd.
  •  
    "Last Sunday morning, I was diligently working on an important presentation for a client and found myself in need of additional content and suitable templates for various types of graphics. Flevy.com proved to be a treasure trove for both content and design at a reasonable price, considering the time I "

    – M. E., Chief Commercial Officer, International Logistics Service Provider
  •  
    "Flevy is now a part of my business routine. I visit Flevy at least 3 times each month.

    Flevy has become my preferred learning source, because what it provides is practical, current, and useful in this era where the business world is being rewritten.

    In today's environment where there are so "

    – Omar Hernán Montes Parra, CEO at Quantum SFE
  •  
    "One of the great discoveries that I have made for my business is the Flevy library of training materials.

    As a Lean Transformation Expert, I am always making presentations to clients on a variety of topics: Training, Transformation, Total Productive Maintenance, Culture, Coaching, Tools, Leadership Behavior, etc. Flevy "

    – Ed Kemmerling, Senior Lean Transformation Expert at PMG
  •  
    "The wide selection of frameworks is very useful to me as an independent consultant. In fact, it rivals what I had at my disposal at Big 4 Consulting firms in terms of efficacy and organization."

    – Julia T., Consulting Firm Owner (Former Manager at Deloitte and Capgemini)
  •  
    "I like your product. I'm frequently designing PowerPoint presentations for my company and your product has given me so many great ideas on the use of charts, layouts, tools, and frameworks. I really think the templates are a valuable asset to the job."

    – Roberto Fuentes Martinez, Senior Executive Director at Technology Transformation Advisory
  •  
    "FlevyPro provides business frameworks from many of the global giants in management consulting that allow you to provide best in class solutions for your clients."

    – David Harris, Managing Director at Futures Strategy



Download our FREE Strategy & Transformation Framework Templates

Download our free compilation of 50+ Strategy & Transformation slides and templates. Frameworks include McKinsey 7-S Strategy Model, Balanced Scorecard, Disruptive Innovation, BCG Experience Curve, and many more.