Engaged people, asking the right questions, equipped with relevant data, in an organisational environment that expects collaboration amongst stakeholders, have a higher probability of repeatedly making decisions that grow an enterprise – through both continuous improvement and new products and services.
Enterprises have immense potential to exploit emerging digital technologies to develop new offerings, continuously improve both existing products and services and improve the efficiency and effectiveness of overall enterprise management. To exploit the full potential, business and society will need to work together to reduce the number of people who are currently excluded from the Digital World.
A purpose statement is a valuable complement to traditional vision, mission and values statements – particularly were there is a transparent link to individual goals, objectives, initiatives and targets AND where it is used to help educate people on the business. Individuals with a strong sense of purpose, that is aligned with the enterprise, are well positioned to contribute innovations to both continuous improvement and new offerings.
Enterprises need to develop a broader understanding of the spectrum of stakeholders in their enterprise and the expectations these stakeholders have for the enterprise. This includes broader society and necessitates Business looking at how it contributes (positively and negatively) to society at large. I encourage all Leaders to develop a simple annual plan of activities to secure and then optimise dialogues with the full spectrum of their stakeholders. The objective being that Stakeholder Engagement improves year on year resulting in greater understanding of the enterprise amongst stakeholders improved commitment to the company’s strategic agenda.
The overwhelming evidence that action is needed to reduce our use of Carbon creates a wealth of opportunities for business. Whatever the environmental views of a business leader, I believe there is a fiduciary duty for Leaders to proactively look for opportunities to improve sustainability of their own businesses and those through out their supply chains. This blog provides some examples and suggests that sustainability initiatives will benefit from the application of the “dual operating systems” advocated by John Kotter
Clear, effective, communication of an appropriate “Tone from the Top” is but a first step to meeting the challenge of securing alignment of Corporate Strategy, Vision and Values and the people delivering an enterprise’s products or services. Implementation of activities to set the “Tone from the Top” need to be institutionalised into Corporate DNA and any “blockages” in the cascade of Tone from the Top messages right across the organisation is effectively identified.
“The competitive heat has been turned up by new technology. But cool heads are still needed when dealing with disrupters.” The Economist 11 January 2014 Flourishing enterprises excel at their current activities, spot changes in their operating environment early, develop the agility needed to embrace new threats and opportunities […]
Our agile world needs people everywhere in the business – not just a Corporate Planning Department – to be oriented to spot trends and to create improvement & opportunity for the enterprise and themselves.
The World Economic Forum 2014 outlook highlights “A lack of values in leadership” as one of the top 10 opportunities / challenges for the next 18 months. This Blog argues for a holistic “values-driven” approach that cascades from Mission and Values through vision, goals, objectives, to initiatives, measures and targets sets a foundation for effectiveness – by transparently linking the efforts you need from your employees and stakeholders to the strategic imperatives of the enterprise.
This short blog uses the Tom Peters’ Company Future Shape of the Winner TM model to argue that Oracle USA Team that recently won the Americas Cup is an example of an excellent team.