Friday Features: 12-July-2019
Friday Features - a weekly selection of useful insights from business schools, consulting firms and publications to help you Unleash Your Leadership
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BY Thomas H. Davenport via Harvard Business REVIEW
You’ve come up with ideas, narrowed down your options, and looked at the available data. You’ve asked all the right questions to guide your choice. And yet, for some reason, you just can’t pull the trigger on a decision. What’s the hold up?
Whether you’ve experienced this indecision yourself or you’ve known a leader or executive with the habit, it can be incredibly problematic — and potentially damaging — to sit on decisions. Waiting too long to make decisions can slow businesses down, frustrate employees, and mean missing critical opportunities. When should you just make the decision versus gathering more data or cogitating on it longer?
BY Michael D. Watkins and Eugene A. Woods via IMD RESEARCH & KNOWLEDGE
While the path to the top usually prepares a first-time CEO well for key internal leadership tasks (such as building and leading executive teams, driving execution, and crafting vision and strategy) many organizational leaders have far less experience managing the media, engaging in industry forums, interacting with governments and working with other key external stakeholders. The varying demands can be isolating, and the urge to balance the two worlds overwhelming. As they take the reins, new CEOs can be at risk of falling into some classic traps, ultimately undermining their effectiveness and even putting their organization in danger.
BY Leonard J. Marcus et AL. via Strategy+Business
Just as in the game of tag, when you are “it,” your perspective and strategy must change. There is a task to achieve, a challenge to overcome. Your understanding of what is at your disposal and how to best leverage it needs to adapt quickly. You learn to think and see beyond the limited options on the table. You find alternatives that others haven’t. Then you figure out what has to be done and chart a path — along with others — to get there.
BY Eric Almquist et al. via BAIN Insights
Large organizations face a constant challenge of spending enough time with customers to learn how their behaviors and perceptions are changing. The Elements of Value give managers a way to identify what matters most to each segment of consumers and how the company can best fulfill their needs.
BY Shane Cubis via CEO Magazine
Your company motto might have been groundbreaking when it was first devised and a choice set of words on which to base the foundations of your brand. But are those values still relevant?
We hope you enjoyed reading this issue of Friday Features as much as we did putting it together. If you have any comments, questions or suggestions, please do write in.
Narayan Kamath
