Article of the Week
Value Patterns (BCG Perspectives)
Big Idea: “Value patterns” are a new strategic lens for aligning corporate priorities. BCG profiles ten distinctive patterns of opportunities, tradeoffs, risks, and drivers of value that define a company’s strategic context. By taking account of this “starting point” reality, companies can better frame a strategic agenda to drive successful execution. An interesting new concept.
Editor’s Choice Articles
Why bad multiples happen to good companies (McKinsey Quarterly)
Big Idea: Good companies don’t worry about their multiples. They focus on growth and the drivers of return on investment – improving margins and asset productivity. Good advice for executives not to forget the value they should be giving customers as opposed to the stock market. A warning not to let strategic alignment become too financially focused.
5 Ways Process Is Killing Your Productivity (Fast Company)
Big Idea: More criticism of companies that let process gurus like the late Mike Hammer or methodologies like Six Sigma dominate their cultures. Lisa Bodell argues that entrenching businesses in policies and procedures often turns these methodological “silver bullets” into barriers to innovation. See a related post on HBR Blog Network by Brad Powers on the value of letting the workforce drive process innovation.
Adaptive Strategy in Government (BCG Perspectives)
Big Idea: Is there a harder, nay more impossible, job than strategic alignment in government? BCG diagnoses the problem and holds out the benefits of applying their new adaptive strategy approach to government. Those who work with, or in, the public sector will find this stimulating.
Are Your Employees Drivers or Victims of Process Innovations? (HBR Blog Network)
The Secrets to Clay Christensen’s Success (HBR Blog Network)