applied know how
In a TED talk by BCGs Yves Morieux suggested six simple rules to manage complexity and improve agility and effectiveness.
These rules are worth sharing. The world is getting increasingly complex. There are more demands from customers, shareholders and regulators. There is ever-increasing competition. The change is occurring faster and it is getting difficult to create value. Organisations typically respond by adding more rules, structures and scorecards.… Read more
We appear to be in a state of constant change- reacting to a changing economy, reacting to political change, reacting to environmental change… all these external factors mean we need to recalibrate our strategies and potentially change course.
How can executives better cope with change?
If you give your managers a complicated process to follow (especially one which takes time to figure out how to complete and is slow to implement) they will probably do the bare minimum they need to meet that process while cutting corners where they can.… Read more
Last week I outlined a rationale for effectively implementing change within your organisation.
This week I’ll review the formal frameworks you could select to underpin and support that change… we’ve talked about what and why… now here’s how.
Typically, people apply a change model. I have 8 of these (including Kotter’s eight step change model) later. But consistent research shows that most change programs fail to achieve their desired results (Kotter 1978, 1996, 2007; McKinsey 2008, 2015; Anand & Barsoux 2018) So repeated surveys show that change more often than not fails… here’s my explanation.… Read more
Recent extensive research has revealed a disproportionate percentage of executives were unprepared to inspire and lead themselves and others to achieve higher levels of performance in an increasingly complex and demanding global marketplace. Powerful executives are those who consistently produce excellent results while maintaining personal energy and enhancing their relationships as well as the skill and commitment of those they lead.… Read more
I see often that Companies move younger employees with less experience into executive roles faster than ever. And they don’t always prepare these leaders for what they will find at the top. Its my role with SMU to assist leaders prepare for their future roles.
That’s just one reason 50-70% of executives fail within the first 18 months of promotion into an executive role, either from within or coming from outside the organization(Of those, about 3% “fail spectacularly,” while nearly 50% “quietly struggle.”).… Read more