What Is the Business Performance Engine (BPE)?
Offerings
Vision, Mission, Values: Overrated?
Let’s revisit a topic I covered only a bit in this series four years ago. CEOs are told their firms need a Vision, Mission and Values set of statements. I think they can be useful but they must be carefully crafted and done at the right time. If not carefully crafted or timed incorrectly, their articulation can be a huge waste of time and cause cynicism in your firm’s people.
How Does Your Business Prioritize?
Scenario: your firm has just finished a strategic planning retreat and your team has listed fifteen projects they feel should be done. You sense you can only do six of them. How do you prioritize the fifteen projects?
Your Strategy Needs A Strategy
Over the last several years we have discussed what a competitive strategy is and what a typical strategic planning process looks like for for-profit firms. But there is very good work now going on at the Boston Consulting Group that discusses the best way among five approaches to formulate and articulate your firm’s strategy. Now one size does not fit all.
2016 Management Outlook
Last month we discussed the use of private equity disciplines to radically grow the valuation of your firm. However, we know that are forces sometimes out of the control of senior management to affect that growth, or at least slow it down.
Should Your Firm Use Private Equity Disciplines
It’s January 2016 as we think about this scenario for your firm: by January 2019 you have grown your firm’s valuation three and one half times its current valuation. How could you do this is just three years? One possibility is to use Private Equity disciplines.
Digitizing Your Business Via the Choiceboard
Last month we discussed why digitizing your business to match your firm’s business design to its evolving key issues is almost an imperative in today’s business world. We said the twentieth century has produced powerful breakthroughs in the management of bits of information and this has culminated in what Adrian Slywotsky calls the “Choice Board”. Recall he is one of my favorite business thinkers, writers and consultants. I will paraphrase from him in this article and use my experience as well.
How Digital Is Your Business – Really
Last month we discussed your firm’s business design, a relatively new concept, and said as your key business issues change so should your business design. This though creates an extremely fluid situation that can make your people very nervous. One of the keys in dealing with so much fluid change is to make sure your business is as digital as possible. Once again I borrow from the brilliant work of Adrian Slywotsky and my experience and research.
Creating Your Unique Business Design for Results
Last month we discussed why firm valuation is the best “win” metric for your business. This holds if your firm is a private for-profit or a publically traded firm. We said though that measure and its components are lagging in nature. What causes increases in firm valuation in the first place? For this we need to discuss leading indicators and that is the subject of this article.
Why Firm Valuation Is the Key Metric
Last month we discussed the importance of having the correct key “win” metric for your business. I gave my view that the best one measure is increases in firm valuation or market value. In this article will discuss why it is the best measure from my view. The next article will discuss how firms become market value creators and growers.
The Importance of a Win Metric for Your Business
Here we will discuss why choosing a single dominant “win metric” for your business is vital. Choosing one win metric over another can have huge ripple effects in your business. Let’s have some fun with pondering these issues from the viewpoint of professional competitive golf to see how changing the win metric in competitive golf can have huge repercussions. The same relationships apply to business in my view.
Can You Say What Your Strategy Is?
If your firm has crafted its mission statement, can you say it without reading it? Most people in firms that have a mission statement do not know what it is without reading it. Wow. Are mission statements worthless then? No they are not and we will discuss mission statements in the context of the more general question – “Can You Say What Your Firm’s Strategy Is?”