Wiet Pruim

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At LEGO, Growth and Culture Are Not Kid Stuff: An Interview with Jørgen Vig Knudstorp

The turnaround of the LEGO Group is one of the famous business stories of this century. A victim of overexpansion and brand dilution, LEGO was on the …

Lego

Moving To Blue Ocean Strategy: A Five-Step Process To Make The Shift

In 2005, <i>Blue Ocean Strategy, Expanded Edition: How to Create Uncontested Market Space and Make the Competition Irrelevant</i>, a book by Professors W. Chan Kim and Rénee Mauborgne, launched a revolution in business strategy. After all, which firm would <i>not</i> to be operating in “uncontested market space,” …

Innovation

Our advice to executives: start managing your organizational health as rigorously as you do your P&L, providing pathways for leaders at all levels to take part and embedding and measuring the new ways of working. http://bit.ly/2wNGCij

How new CEOs can boost their odds of success

A data-driven look at the link between the strategic moves of new CEOs and the performance of their companies highlights the importance of quick …

Management

To Hold Someone Accountable, First Define What Accountable Means

At the end of a meeting, most leaders know that they should recap next steps and determine who is accountable for each. As prescribed in the commonly used responsibility models — RACI, RAPID, and the others — accountability should fall to one (and only one) person per item, even if the work …

The Founder's Mentality: How to Overcome the Predictable Crises of Growth

Description<p>Publication Date: <b>June 07, 2016</b><p>Three Principles for Managing--and Avoiding--the Problems of Growth. Why is profitable growth so hard to achieve and sustain? Most executives manage their companies as if the solution to that problem lies in the external environment: find an attractive …

Four Best Practices for Strategic Planning

Strategic planning is one of the least-loved organizational processes. Executives at most companies criticize it as overly bureaucratic, …

Management

How Will You Measure Your Life?

<i>Editor’s Note: When the members of the class of 2010 entered business school, the economy was strong and their post-graduation ambitions could be limitless. Just a few weeks later, the economy went into a tailspin. They’ve spent the past two years recalibrating their worldview and their definition</i> …

4 Ways to Be More Effective at Execution

Most people recognize that execution is a critical skill and strive to perform it well, but they may a) underestimate how important it is to their career advancement or b) not realize that you can improve on execution without working longer hours.<p>On the first point, bosses place a premium on …

Recognizing Employees Is the Simplest Way to Improve Morale

Recently I’ve been undergoing treatment for cancer, and have had access to a leading oncologist at a world-renowned medical center. At one point during a visit, we discussed how long she’s been practicing her specialty. She said she’s been at the same hospital for more than 40 years. Then I asked …

4 Hard Questions to Ask About Your Company’s Purpose

jennifer maravillas FOR HBR<p>In the early 1930s, cars in Europe were still a luxury for the rich. But in 1933 Dr. Ferdinand Porsche launched the People’s Car: Volkswagen. Its purpose was to enhance people’s lives through great engineering that offered everyone an accessible, high-quality car. The …

The hidden psychology of failure

If at first you don’t succeed, try, try again. Words of wisdom heralded throughout our upbringing, to be sure. But is there any scientific proof that successive failure is positive and propels innovation forwards?<p>Tom Pohlmann, head of strategy and value at Mu Sigma, a decision science and data …

5 Steps To Closing The Gap Between Strategy And Execution

It’s a safe bet that many leaders are where they are because they have good ideas – visionaries, some of them, whose dream of what the company could and should be inspire the workforce. Then comes the execution part. And all too many great visions fall into that big black hole that yawns between …

Management

Leadership Is a Conversation

The command-and-control approach to management has in recent years become less and less viable. Globalization, new technologies, and changes in how companies create value and interact with customers have sharply reduced the efficacy of a purely directive, top-down model of leadership. What will …

Change Efforts Can Fail Unless They’re Coordinated

We need to focus as much on <i>how</i> we drive change as what change we drive. Research we conducted at the London School of Economics suggests that resistance to change stems often from a negative experience of change leadership, rather than resistance to the change itself.<p>We know that for change to be …

4 Essential Elements of All Successful Mission Statements

When done well, a good mission statement aligns all areas of an organization towards a single-minded purpose.<p><i>What is the best mission statement you've seen and why? originally appeared on Quora - the knowledge sharing network where compelling questions are answered by people with unique</b> …

Business Strategy

Why Smart People Struggle with Strategy

Strategy is often seen as something really smart people do — those head-of-the-class folks with top-notch academic credentials. But just because these are the folks attracted to strategy doesn’t mean they will naturally excel at it.<p>The problem with smart people is that they are used to seeking and …

IDEO’s Employee Engagement Formula

Florentijn Hofman<p>IDEO’s origin story sometimes sounds like a myth or a fable, but it’s actually true. David Kelley founded the company with a simple goal: to create a workplace made up of his best friends. In the beginning he did, in fact, bring in some of his closest buddies to launch the Silicon …

Why Companies Are So Bad at Treating Employees Like People

Few disagree that the time is ripe for reimagining complex organizations so that they are more human and more agile. But existing models for how to make the shift seem to offer a choice between a rock and a hard place.<p>Take the thorny problem of developing people. Anachronistic annual performance …

How Visual Systems Make It Easier to Track Knowledge Work

Walk into any fitness center, health club, or gym in the country and you’ll see yourself. Or rather, reflections of yourself. It doesn’t matter whether the gym is one step up from a cave or a posh Park Avenue fitness emporium — you’ll see mirrors, and lots of them. The mirrors aren’t a …

Profit Is Less About Good Management than You Think

<i>STEVEN MOORE FOR HBR</i><p>Benjamin Graham, the father of value investing, seldom met the managers of the companies he invested in because he felt they would tell him only what they wished him to hear and because he didn’t want to be influenced by impressions of personality. His talented student, the …

Why Lego's CEO Thinks More Grown-Ups Should Play At Work

"We believe in play as a transformative agent in society, and we need more creativity to solve the world’s problems."<p>Playfulness is at the root of creativity. So why on earth have we created a corporate system where everyone feels the need to be so serious?<p>I see time and again that injecting a …

5 skills employers want that you won’t see in a job ad

Ask senior executives in New York, Los Angeles, Palo Alto, Seattle, Shanghai, Beijing or London what their biggest concern is and they will all tell …

Palo Alto

How to Write a Great Business Plan

Few areas of business attract as much attention as new ventures, and few aspects of new-venture creation attract as much attention as the business plan. Countless books and articles in the popular press dissect the topic. A growing number of annual business-plan contests are springing up across the …

Reward Your Best Teams, Not Just Star Players

Yes, there is an “I” in team. But it stands for <i>incentives</i>. Discussing teamwork without identifying its incentives is akin to debating effective diets while ignoring willpower: the most important ingredient may be missing. Whether working in teams, groups or as individuals, people respond to …

The Secret To Walt Disney’s Corporate Strategy

A 1957 infographic of Walt Disney’s corporate theory reveals a complex web of strategic channels. The illustration might be nearly 60 years old, but it’s still the basis of the brand’s success.<p>When Disney makes a movie today, the company thinks beyond the motion picture to how the story can be …

Assessment: What’s Your Personal Productivity Style?

Time Management

Create a more engaged board of directors in five steps. Get our recommendations how to make that happen in "Changing the nature of board investment": http://bit.ly/1CnBGZC

How to Get Employees Excited to Do Their Work

What keeps you up at night as a manager? Are you worried about hitting your numbers? How to boost the results of lower performers? What about how to keep top performers motivated?<p>We often believe that the most effective way to respond to these concerns is to directly tell our employees what to do. …

How to Be an Effective Executive Sponsor

Over the past decade, the role of the “executive sponsor” has become well accepted and even ubiquitous in organizations. In fact, most of the literature about project and change management suggests that having a C-level sponsor is a key requirement for success. There are a number of reasons: The …