Recently I was asked to comment on the question: Who is or should be responsible for Strategic Planning? Several people responded. Here is my response:
Of course I agree that the CEO is the ultimate decider of the final strategic plan. Strategy is the CEOs primary job and also one of the key areas of attention for the Board. While I agree with the philosophy of the other respondents, I don’t believe the responses take the issue of “who” to a deep enough level.

I respectfully suggest that the CEO get input from many fronts. Unfortunately, too often, the CEO’s executives are telling him/her just what they think the CEO wants to hear (more…)

Good times, bad times, you know we’ve had our share….  Anytime is a good time to reexamine the principle of “getting Lean” or improving processes by applying a set of tools that will deliver significant reductions in cost and lead time.  Sigma techniques as championed by “blackbelts” is often the rallying cry.

But what about Quality (with or without a big Q)? Is quality or Total Quality now passé, having been supplanted by Lean and/or Six Sigma? Are all of these synonyms? Are they just dressed-up, consultant-speak ways of describing historic “best manufacturing practices?” Do they work together, or do they (more…)

Businesses are just now beginning to wrestle with harmonizing between generations of workers and managers that may be as different as any combinations that have preceded them: the post WWII Boomers and Millennials. Can they get along and how do you create a culture of strategic execution with them?

There continue to be many Boomers still in the work force, partly due to their need to delay retirement in hopes of rebuilding wealth lost during the recent downturn. Millennials, generally viewed as having been born between about 1980 and 2001, are beginning to establish themselves professionally in the throes (more…)

In business, there are four key elements: equipment and technology, processes and systems, information, and people…but people are the active ingredient and coaching and development are critical to success.

The most important work an effective leader can do is to get the most out of his/her people, helping them perform at highest levels today and grow to contribute more tomorrow. The leader who can coax “growth spurts” out of the people in the organization adds the most lasting value to the business, a value that multiplies as others take up the mantle of effective coaching and development.

Yet, giving feedback to employees, particularly formal “review” feedback, is often one of the least-liked tasks for many managers. It can be uncomfortable, particularly if there are disagreements about areas for improvement. But, good coaching should be somewhat uncomfortable, at least for the person being coached. You don’t learn when you are comfortable, but when you are uncomfortable…and coaching is all about (more…)

During a keynote address at IIR’s Balanced Scorecard Forum, Robert Kaplan, a leading international business management guru, revealed “that less than 10% of formulated strategies are executed effectively” and an international survey indicated that consistently executing strategic objectives were in the top three concerns of CEO’s and corporate boards. Kaplan also added “that it is a well know fact that organizations who have a formal strategy execution process dramatically outperform the rest”. Effectively and consistently implementing corporate strategy requires all stakeholders to be aligned to those objectives, understand their role in achieving them and be accountable for effective implementation. If your company doesn’t have a formal process, then the hard work is figuring out what one looks like. A strategic execution process must (more…)