Posts Tagged ‘strategy implementation’
Collaboration drives strategic success
Some ideas bear repeating to get the message across. Collaboration is one of them. If we reflect on research, our own observations and the experience of successful people and organisations it is clear that collaboration is key to success. Patrick Lencioni said “Teamwork begins by building trust. And the only way to do that is…
Read MoreEnsuring value for money when hiring consultants
Consultants are an obvious target for cost savings. Why are you paying these people all this money? Fair question. Sometimes you shouldn’t. On the other hand, consultants are called in at short notice to do complex tasks in short timeframes and are expected to meet high standards. They do jobs that are only required occasionally,…
Read MoreDon’t start a project you can’t finish
Many projects go over budget and take longer than expected. Some just fail or need to be rescued. The Corinth Canal was a fascinating project. Read the story below and consider the lessons at the end. The strategy and strategic abandonment Periander, ruler of Corinth In the 7th century B.C., was losing many ships in…
Read MoreWhy a Data Strategy is good business
All organisations need a strategy to achieve and maintain a sustainable competitive advantage. Data collection, analysis, and derivation of insights is critical to creating value, and thus critical to strategy. There are many excellent publications and models on data strategy. Some of the best include: For most executives, data governance will not be a core…
Read MoreIt’s a Project Board – Not a Tea Party
I once attended the first ‘steering committee meeting’ for a ‘project’. There were 18 attendees. The meeting took 2.5 hours, including morning tea. The agenda was vague, the participants unprepared and the outcome predictable. There was a wide-ranging discussion and everyone had a say. There were two agreements at the end of the meeting: I don’t know…
Read MoreHow do I implement strategy while cutting costs?
In tough times, Managers cut budgets. We look for obvious savings. HR leaves vacancies unfilled. We cut travel. The training and conference budget disappears. Property gives up the lease on an office floor. People lose their jobs. Executives shelve business cases. Now is not the time for bright, new ideas. It is time to tighten…
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