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Balance
Balance
is about how you live your life and manage
your business and people.
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Pay attention to both
top-line growth and bottom-line results
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Balance the whole, i.e. organizational
needs, and the parts, be they large (functions) or small (teams
or individuals).
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Balance internal (creating value for
organization and employees) and external (creating value for investors,
customers, and society as a whole).
Leadership
Leadership 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
the heart.
Innovation
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
knowledge.
Synergy
Corporate strategy seeks to develop
synergies
by sharing and coordinating staff and other resources across business units,
investing financial resources across business units, and using business
units to complement other corporate business activities.
Speed
Speed
is an indispensable ingredient of competitiveness and a precondition for
winning in the new rapidly changing economy. “Speed keeps businesses – and
people – young… Speed exhilarates and energizes. It's addictive, and it's a
taste you need to cultivate.” (Jack
Welch).
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