When you don’t have a clear view of where you’re going and you just focus on the steps you’re taking today, those steps can lead you to a cliff without seeing the curve. As part of our series called “5 Things I Wish Someone Told Me Before I Began Leading My Company” I had the…
What we can learn from Peloton about creating a resilient strategy The idea of creating a resilient strategy seems to come up in conversation again and again these days. It’s certainly a sign of the times that Optimizing Strategy for Results, my latest book co-authored with Ron Price and Professor Timothy Waema, is launching…
Creating a long-lasting strategic foundation for your organization is not easy. Many leaders struggle in creating a successful strategy—often because the organization’s purpose is not clear. A good strategy offers clarity to stakeholders, both on what the company is doing and where it plans to go in the future. If the path is clear, measuring…
Here is a seven-point plan to create and sustain a culture of innovation. Your company is one disruption away from becoming irrelevant. A few years ago, I spoke at a conference where I told the leaders in attendance this exact statement. It struck a chord with one attendee: the chief innovation officer of the Great…
Data can be a powerful enabler for innovation, but when used incorrectly, it can be a paralyzing force. It’s a critical component in measuring and understanding the need for innovation—if you cannot measure something, you cannot improve it. Whether you collect data based on historical perspectives or through experiments, it can bring the insights needed…
Why do companies innovate? If you ask this of any company leadership, they will offer many reasons: “Because of our competition. Because of inspiration or motivation. Because our employees or shareholders want it.” The problem is, many leaders do not think about innovation during strategy creation. It’s a huge missed opportunity. Leaders often want innovation,…
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