Article of the Week
The end of performance management (as we know it) (Management Innovation eXchange)
Big Idea: Bjarte Bosgnes has written elsewhere about the new dynamic management principles he has implemented at Statoil (also see his book…). In this piece he proposes replacing traditional performance management (an oxymoron?) with “self-regulation” – letting individuals engage in complex and intelligent processes by imposing “simple, clear purpose and principles” in place of controls.
Editor’s Choice Articles
The global company’s challenge (McKinsey Quarterly)
Big Idea: Accompanying the recent McKinsey Global Survey, this article elucidates the “dimensions of organizational health” wherein global corporations struggle to succeed in emerging markets. Each is an aspect of strategic alignment that will require new organizational and operating response’s if global companies hope to beat focused local leaders in emerging markets.
Book Review: The Heretic’s Guide to Best Practices (CMS Wire)
Big Idea: The “best practices” of program management may not be the answer but the problem. So says a brief review of a new book that explains how to attack “wicked problems” – business problems that are difficult, complex, and ambiguous. Intriguing thesis. Be sure to follow the link to Dialogue Mapping, a technique for collaborative problem-solving that provides additional resources complementing the book.
The Coherent Conglomerate (HBR Bog Network)
Big Idea: The challenge for conglomerates is to define how the whole is greater than the sum of the parts. The authors see the answer in the “coherence” of the few critical capabilities informing all of the businesses in the portfolio. They rightly point out this unique challenge of strategic alignment is much same for any large, complex company.
How to Rally Your Team Around a New Strategy (Inc.)
Big Idea: The authors address what they see as the biggest obstacle to strategic alignment. This is the fifth in a series drawn from their new book on the Six Habits of Strategic Thinkers. Links to all their related articles are provided.