How board and management misalignment used to happen? Most of the time a board member does not understand his role. In this situation that member used to implement what we could call “micro-management.” That is entering in the tactical planning and…
Annual Budget: Are You Using Budget As a Real Strategic Execution Tool?
People and structure must be reviewed In many companies the people review process leading for Human Resources is not 100% connected with the budget process. Probably because there are still companies that in their understanding budget process is a “pure financial”…
From Strategy to Execution: Strategic Themes and Initiatives
We have to stress two concepts from the turnaround point of view. Strategic themes is an important concept because means identified the key process, I mean the leverage process that are going to produce the expected turnaround results. The second concept…
Mission: Business Strategy Focus On Turnaround Processes
Mission: If we ask the Managing Committee the six basic questions for Mission Definition (and the answers match with the reality), we would probably discover any of the following problems: Market: Selling to companies of many different industries, sizes, and so…
System Thinking and Shared Vision pillars in the Turnaround Change Management process
Therefore, system thinking is important but additionally we need a shared vision. Problems could be solved using different ways, but companies need a clear shared vision in order not to neutralize actions of one department with other. For example, let imagine…