In our last post about the Value Creation Vector, we dug into the second lever, Growth Potential. Today we’re going to look at the third lever: Management Tenacity. Sadly, this lever is typically least interesting to management, even though it’s often the easiest way to generate value.
In our last post about the Value Creation Vector, we dug into the first lever, Profit Potential. Today we’re going to look at the second lever: Growth Potential. Once we have assurance that you’re maxing out the profit potential of your business, we want to help you grow the sh*t out of it.
In my last post about the Value Creation Vector, I provided an overview of the tool and how it can drive focus, prioritize actions and deliver results for companies. Today, I’m going in more detail about the first lever: Profit Potential.
It may sound simple, but helping our clients address the right questions at the right time is one of our differentiating skills. What are we trying to accomplish? What are the most important questions to answer first? What data do we need? How can we eliminate irrelevant noise? What questions come next? With the Value Creation Vector, we quickly assess the current state to determine where to start and what to do next.
We’re already a few weeks into 2019, but it’s not too late to lay the groundwork for success with your teams that will pay dividends throughout the year. Best-in-class companies start the year right by taking time to develop Aspirations, identify the Levers that support those aspirations and set a Positive, Energetic Tone to inspire employees. By embracing these small steps, you and your team will have a shared foundation for executing and adjusting throughout the year as unexpected highs and lows come your way.
It’s a new year, and time to make resolutions for changing your ways in 2019 to achieve both personal and professional goals. Whether you’re a CEO, a member of the C-suite, a mid-level manager, or an individual contributor, two simple New Year’s resolutions will make 2019 a business game changer.
Scott Kirsner’s HBR article, The Biggest Obstacles to Innovation in Large Companies, analyzes a survey of large companies who were asked about obstacles they face when tackling innovation. Top responses include the importance of politics, lack of executive alignment, a culture that doesn’t embrace change, and an inability to react to disruptions. I couldn’t agree […]