Conquerors tend not to enjoy a laudable place in the history books, but they do offer lessons in how to get more without settling for less. Pilots refer to PNR—the point of no return. This technical term in air navigation refers to the point in a flight at which, due to fuel consumption, a plane […]
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James Pathman, CEO, Data Resolution Formula car racing and executive leadership have plenty of things in common. CEOs, like race car drivers, need to call upon fast reflexes, steady nerves and a miles-long strategy perspective that constantly monitors and adapts to competitors, operating conditions and team performance. This is never more true than when an executive
Jeffrey Phillips & Alex Verjovsky, Authors, OUTMANEUVER: OutThink, don’t OutSpend As a CEO you know how much pressure there is to perform. You want to hit the ground running, but you cannot afford to make too many mistakes. Your board and your investors expect growth. Customers demand new products and exemplary service. As a CEO I grew a
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Steve Newhall, Managing Partner, Leadership & Talent Consulting, UK Business leaders spend significant amounts of time designing and agreeing upon strategy but comparatively little time thinking about their culture. In a 2014 Korn Ferry survey, while 72% of executives agreed that culture is extremely important to organizational performance, only 32% believed their own organization’s culture
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Trends can be very difficult to recognize or predict early on. In the early days of MySpace and Facebook, who would have predicted it to be the start of a multi-billion dollar industry? Whether you’re on board or not, industry trends will take you in directions you have no control over. Trends are like waves
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The word “innovation” is such a constant in meetings around the world that it has almost become a contender for “corporate buzzword bingo.” Although it is often over-used it is not always well understood in terms of how it should be implemented into organizational culture, or even how it might be best used as a
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Scott Edinger, Author, The Hidden Leader Every time I’ve worked with a senior team in the strategy formulation process, we’ve succeeded. Of course, I’ve never heard any group of executives say their strategy failed when it was created. It is in the implementation or execution that strategies falter, because most strategies rely on people in
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Mark Doyle, Partner, Tredway Lumsdaine & Doyle LLP Communication is key when building a lasting business strategy. CEOs know this to be true, and the most successful among them will establish a clear, concise and compelling plan to accomplish their goals. Once those goals are met however, it is surprising how many business leaders drop
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There is a saying that when you host company in your home, be nice until the very last minute they are your guests. If you are nice until the last ten minutes, and then have “words”, the “words” will be remembered and the good time prior to those last minutes will be forgotten. The Browns
There is a Reason a Game has Four Quarters and Your Game Should TOO Read More »
Managing risk is a major element of the “chemistry of strategy.” You must understand strategic risks — what they are, how to identify them, and how to assess and manage them from a strategic perspective. Financial risk is embedded in all risks, since the impact of all risks is ultimately financial. There are five major
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