True Strategic Planning

According to Harvard Business School research and an April 2010 article in Chief Learning Officer titled “The Four Myths of Strategy,” more than 90% of all corporate strategies are “not executed successfully,” or the strategies themselves are inferior from the start.

“In reality, most companies craft a half-baked strategic plan that is only partially implemented and has sketchy buy-in at best,” claims the article.

The article then details four commonly held myths about the strategic planning process, including: Myth #1: Content is King; Myth #2: Consensus Equals Success; Myth #3: Exclusion is Efficient; Myth #4: Communication Creates Commitment.

“Strategic planning is not an accounting and forecasting exercise,” the article shares. “It’s not a weekend off-site spent in a room, hashing out who’s willing to go along with what. And it’s not a bunch of words put to paper and placed in a binder. It is a living, breathing, organic leadership action. It requires not a calculator, but the courage and conviction to inspire everyone to be their best and get on the same page. As Academy Award-winning director Francis Ford Coppola once said: ‘The first step in making a good movie is getting everyone involved to be making the same movie.’”

You can read the full article Here

Jobs for over 40s

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Jobs for over 40s

Best Innovation quotation

“We often think of grand innovations, like the invention of the light bulb, as what drives economic growth. But equally important, and perhaps more important, are the 1,001 small innovations that regular business managers and line workers do every day at their jobs.”

- Erik Brynjolfsson, MIT Sloan economist and Digital-Business Expert, as quoted in the MIT Sloan Management Review

Innovation Quote of the week

“The ROI on innovation is survival.”

- Andrew Howlett, CEO of Rain, a marketing company

Think Winning Through Innovation & Creativity

Leadership Return on Investment

“Goodness is the only investment that never fails.”

– Henry David Thoreau

Famous Leadership Quote

“Genius is the fruit of a thousand failures.”

- Greg Linden, as quoted in the MIT Sloan Management Review

Innovation in Business

Leadership, Business and Innovation

“While corporate leaders may intellectually accept the need for innovation and promote their commitment to innovation at every opportunity, many really don't get it…Chief executives are doing surprisingly little to build innovation cultures in their companies. If they were, surely more than 10% of these leaders would say they were following ‘best practices’ in their industry in pursuit of innovation. Perhaps this is why only about 25% of the members of my network groups say their CEO has the right mindset and understanding of innovation to support the company's innovation success.” – Source: Copenhagen-based author Stefan Lindegaard, as quoted in Business Week magazine, March 3, 2010