The balanced scorecard (BSC) was one of the major breakthroughs in the nineties. The groundbreaking work of Kaplan and Norton brought to management’s attention the fact that strategy had to be balanced, needed to be implemented and performance should be measured using a more holistic approach.
Unfortunately many performance-related initiatives have failed and the BSC has […]
An extract from my “Implementing Winning KPIs whitepaper” which can be acquired from http://davidparmenter.com/how-to-guides)
Nobody has done more than Kaplan & Norton (K&N) to ensure that strategy is balanced, well thought through and is implementation is monitored and managed.
The Harvard business school paper was a master piece and the follow on book “Translating strategy into action […]
Drucker saw innovation as being one of the reasons for an organization to be in existence. He saw innovation being fed by his principle of abandonment. The freeing of resources to be allocated to something new.
Drucker was adamant that leaders nurture innovation and not try and force it through to production without adequate testing. His […]
Moving leadership to orchestration
Drucker had the foresight to define the difference between what is management and what is leadership. He said management was ensuring that the staff were doing something correctly, whereas, leadership was seeing that staff were doing the right thing.
Drucker compared the role as a leader to the role of a conductor in […]
Outside-In Perspective
Throughout his writings Drucker emphasised the importance of the outside/in perspective. Recently, a television reality programme has replicated this concept with the “CEO undercover” series. Drucker pointed out the importance of the CEO being the outside-in champion. One great CEO I have met takes the executive team for a one week exercise per year […]
Without doubt one of the clearest thinkers on management and leadership was Peter Drucker. The unfortunate situation is that there are many leaders who know little or nothing of the great man’s work. I see Drucker as the Leonardo de Vinci of management and leadership. He will be honoured for centuries to come. It is […]
Great leaders have a thirst for knowledge and constantly are looking at ways to move their learning on, constantly reinventing themselves. Management professor Nancy P. Rothbard, from University of Pennsylvania agrees that Welch’s ability to reinvent himself and the company was pivotal to his success. “He pursued not just one major initiative while he headed […]
Jim Collins has created a blue print for evolutionary progress based on analysing 3M. These five steps are:
Give it a try and make it quick- When in doubt, vary, change, solve the problem, cease the opportunity, experiment, try something new even if you can’t predict precisely how things will turn out. No matter what don’t […]
Many initiatives fail because the leader does not get behind the projects enough. Many leaders have an attention deficit disorder that rivals any teenager’s concentration span. An additional problem is that some projects are started and with proper counsel, would never have left the drawing-board.
Some ways you can make a difference in this area include:
Monitor […]
Leaders need to define, establish and communicate to all layers of staff the organization’s mission, values, vision, and strategy. As Jack Welch says “Everybody then has the same set of facts”.
The mission is like a timeless beacon pointing to something that may never be reached—for example, Walt Disney’s mission is “to make people happy” and […]