A friend and colleague, Steven Shapiro has a new book Best Practices Are Stupid coming out at the end of the month. He is right best practices really are stupid, but I repeatedly hear managers asking for benchmarking reports. But why are they stupid. An article in the McKinsey Quarterly on Strategy (sorry lost the [...]
Being a nimble business which can change, flex, and grow with customers is a critical organisational capability to develop. I’ve been covering strategic agility on this blog a lot lately, with posts here, and here . In this post, I look at the tools, processes and thinking that Avery Dennison Materials used to improve the agility [...]
Last week McKinsey Quarterly posted an interview with Jim Owens, the recently retired Chairman of Caterpillar. The interview highlights how Caterpillar embraced strategic agility to navigate the financial crisis, and emerge a still stronger business. Owens reflects on the processes used in devising the Caterpillar strategy: “In terms of the economic side of it all, here [...]
Strategic agility is all in the thinking. A key component of maintaining strategic agility is to think better. It’s not known as strategic thinking for nothing. 1. Objectivity The ability to remain objective and to change your conclusions when facing disconfirming evidence is a key behaviour to develop, as confirmation bias is very powerful in [...]
To achieve goals in the future you need to create some space. Little’s law states that lead time increases as the Work In Progress increases, this means you need to let go and stop doing some things in order to reach out and achieve new goals. Once a quarter sit down and making a ‘what [...]