is about how you live your life and manage
other resources across business units, investing financial resources
across business units, and using business units to complement other
Pay attention to both
and bottom-line results
Balance the whole, i.e. organizational
needs, and the parts, be they large (functions) or small (teams
Balance internal (creating value for
organization and employees) and external (creating value for investors,
customers, and society as a whole).
is more than just having the authority of a management or
supervisory position. Authority (or position power) gets you compliance.
Leadership (or influence power) gets you commitment.
The best leaders
challenge the process, inspire
a shared vision, enable others to act, model the way, and encouraging
Shift to the
new hypercompetitive knowledge-based economy demands a renewed emphasis
on innovation. This new economy is led by those who
innovate create, find
and/or combine knowledge into new products, services, and distribution
methods faster than their competitors. Innovation is above all spurred by
entrepreneurial action, aimed at
creating value through the application of
Innovation: 11 Practice Tips
Corporate strategy seeks to develop
by sharing and coordinating staff and activities.
is an indispensable ingredient of competitiveness and a precondition for
winning in the new rapidly changing economy. Speed
keeps businesses and
Speed exhilarates and energizes. It's addictive, and it's a
taste you need to cultivate.