Article of the Week
How to put your money where your strategy is (McKinsey Quarterly)
Big Idea: If you allocate resources in alignment with your strategy instead of anchoring it to politics or the past, you will achieve better performance. Research from McKinsey demonstrates a basic truth of good strategy alignment. See the accompanying article on “The power of an independent corporate center.” The old idea of an Office of Strategy Management gets an upgrade.
Editor’s Choice Articles
Get the Adaptive Advantage eBook (bcg perspectives)
Big Idea: Get Adaptable while it’s hot! BCG is making its series on Adaptive Management available for free on Kindle. Here’s your opportunity to catch up on their latest thinking about strategic alignment and managing in an adaptable world. Hurry, offer ends soon!
Managing research as an investment portfolio (PARC blog)
Big Idea: Portfolio management is critical to strategically aligning and allocating resources. Learn how Xerox PARC designed this process once it became a profit-making unit. Lawrence Lee provides ideas that can be applied to allocating resources strategically across business units, as well. See the related interview with the CEO of PARC in Fast Company.
Managers Need to Up Their Game with Social Media (HBR Blog Network)
Big Idea: Managers must become guides, skilled in collaboration not control, if they are to succeed in the new Social Business. Be careful adopting social media, the authors from Gartner warn, unless you are ready to break some conventional management paradigms.
The Four Foundations that Should Frame Every Business Strategy (SFO Blog)
Big Idea: Some strategy alignment basics from Sandy Richardson on anchoring your scorecard process to mission, vision, values, and customer value propositions. Good advice, as usual.