Article of the Week
A Practical Guide to Change in the Public Sector (bcg.perspectives)
Big Idea: With countries, states, and cities all on the verge of bankruptcy, big change – or “reform” some might say – is coming. BCG offers a substantial guide to pulling off large-scale transformation in government. There is much here to interest change managers in the private sector, too.
Editor’s Choice Articles
How Mature is Your Risk Management? (HBR Blog Network)
Big Idea: Michael Herrington provides a summary of the research findings from Ernst & Young’s recent study on risk management. Better financial performance, they report, comes with “risk management maturity.” This requires moving beyond audits, checklists, and compliance to focusing on strategic risks. There is a link to the study.
Don’t Just Get It Done, Get the Right Things Done! (Innovation Excellence)
Big Idea: Effective execution requires aligning initiatives to strategy. Holly Green explains the approach used at The Human Factor and provides a link to the Strategic Value Initiatives Ranking Tool she describes. This article will be helpful for anyone getting started on strategic alignment.
Use a Threat-Opportunity Analysis to Develop Your Case for Change (Emergent Consultants)
Big Idea: Successfully launching a strategic alignment program often requires making the case for change. Emergent Consulting describes one of the techniques they use in their change management practice. For an online change management toolset (requires subscription), check out their Change Accelerator.
How Value Patterns Work (BCG Perspectives)
Big Idea: BCG continues its analysis of “value patterns.” The key idea is to align the investment thesis of a company with its current business context and economic realities. This article focuses on the strategic priorities of high-value brand companies. Check out Value Patterns: The Concept to get further grounding in their new strategy formulation approach.