Margaret Reynolds In 2008 we entered into what became known as the Great Recession. Its impact on consumers, markets and governments was the most severe since the Great Depression in 1930’s. One thing I will never forget is a quote from Warren Buffett, “When the tide goes out you know who is skinny dipping.” His point? It …
A strategy is the long-term vision for implementing change in your organization. It is the direction you are going, and the plan for getting there. Key to a successful strategy is a clearly articulated vision based on facts, and a set of initiatives to drive results. It is tempting to speed everything up, condensing the …
Leaders have an opportunity and an obligation to add value to their teams and organizations. Size of the organization is irrelevant––a leader is there to “raise the tide so all boats float higher”. When that happens, employees are challenged, feel valued, and are more productive, more innovative and more likely to help the company achieve …
You probably have a strategic plan. But is that plan really a strategy? If you have found it difficult to implement your strategic plan and achieve the intended outcomes of your strategic plan, it may well be that what you have is not actually a strategic plan. Is it a strategic plan, or an operating …
We don’t operate our companies in a vacuum, and these days, social media is a window into what everyone else is doing. We all keep an eye on our direct competitors of course, checking up on the big deals they land, on their pricing, their innovations, and their successes. We are probably also watching leaders …
Companies have DNA and it defines their ability to grow. It explains why some companies are able to accelerate their growth rates and enjoy more success than others. Growth is not a result of the activities a company implements, like developing a strategic plan, or identifying “rocks” (key priorities), KPI’s (key performance indicators), or “elephants” …
I am a college football fan. Perhaps you are a fan, too? That was one awesome National Championship game Monday night for just about everyone but Alabama fans! Do you think Dabo Sweeney and his entire Clemson team really studied Alabama, knew their weaknesses, and exploited them? How many hours of game film did they …
It is that time of year where we give thought to what will be different, new and exciting for the year to come. We make promises to ourselves in the form of resolutions that we will be happier, healthier, smarter or more productive. We also know that in 30 days we will likely have gravitated …
One only has to look at the news to see the challenge leaders face in unifying their organizations while dealing with the emotional reaction of stakeholders who feel they are ignored or left out in the decision making process. Prime Minister Theresa May’s struggle to unify her country in light of the pending vote on …
This week in a Wall Street Journal Article titled “It’s Really Hard to Think Long Term” CEO’s compared their current strategic planning horizon with their ideal time frame. For 25% of CEO’s the ideal time frame is longer than 5 years with 37% saying 3-4 years and 37% at 2 years or less. In reality, …
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