New Perspectives
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New Perspectives: A Strategy + Leadership 2.0 Newsletter

On behalf of Strateco Partners, welcome to the inaugural edition of our “New Perspectives” e-newsletter.

Each month in New Perspectives, we’ll be offering you resources, tools, and insights to help you grow your organization, develop your people and create a happy, productive, high functioning corporate culture.

As we move through the first month of Q1, we’re helping clients finish up their 2014 annual strategy planning.  A few of the more common problems we’re seeing are:

  • Gross margins declining – creating a risk of commoditization;
  • Competitive threats diluting the impact of their value propositions – creating a need to refine differentiation; and
  • Some misalignment around priorities and accountabilities – creating a sub-optimal performance landscape for leaders who desire dynamic growth.

 
These are our favourite problems to solve.  If you need any help or just want to chat through the issues, feel free to call or email us any time.

We hope you find New Perspectives helpful for your business, and as always we value your feedback and would enjoy hearing any comments you have on our first edition.

All the best from our team to yours,

 
 
PS – We’re constantly curating valuable content in service to our clients, so feel free to follow us on LinkedIn and Twitter to see our daily strategy and leadership posts!
 
 
This month’s edition of New Perspectives includes –

Four powerful articles:

1.  Turning Great Strategy Into Great Performance

2.  Sustainable Business: Where Our Moral Compass Meets the Bottom Line

3.  Why So Many Leadership Programs Ultimately Fail

4.  Storytelling that Moves People

A helpful TED Talk:

   5.  Drive: The Surprising Truth About What Motivates Us

An essential reading for every leader:

   6.  The Five Dysfunctions of a Team

Enjoy!
 

 
1.  TURNING GREAT STRATEGY INTO GREAT PERFORMANCE

   By Michael C. Mankins and Richard Steele
   Harvard Business Review, July-August 2005

The majority of business strategies deliver only a fraction of their intended value.  Why is this?

The answers cut across a spectrum from initial strategy development to ongoing strategy execution – with leadership providing a critical foundation that builds the culture necessary for great organizational performance.

This article provides seven simple yet highly effective rules for helping leaders stay focused and deliver superior business results:

     •  Keep it Simple, make it concrete.
     •  Debate assumptions, not forecasts.
     •  Use a rigorous framework, speak a common language.
     •  Discuss resource deployments early.
     •  Clearly identify priorities.
     •  Continuously monitor performance.
     •  Reward and develop execution capabilities.

2.  SUSTAINABLE BUSINESS: WHERE OUR MORAL COMPASS MEETS THE BOTTOM LINE

   By Paul Polman (CEO, Unilever)
   Huffington Post, October 8, 2013

Unilever CEO Paul Polman is renowned for his progressive approach to business leadership and being outspoken when it comes to the challenges of the current model of capitalism. 

Paul’s October 2013 article in the Huffington Post points out the serious problems he sees with our traditional business model that myopically focusses on short-term shareholder value or “quarterly capitalism” – and provides insight into the tenets for Capitalism 2.0 that promises long-term business success across a broad range of key stakeholders.

3.  WHY SO MANY LEADERSHIP PROGRAMS ULTIMATELY FAIL

   By Peter Bregman
   Harvard Business Review, July 10, 2013

Why do so many leadership development and executive coaching programs fail to get traction when it comes to having leaders fundamentally change their underlying behaviours?

Peter Bregman argues that it has little to do with what we know about leadership and more about how we internalize our leadership journey in practical and tangible ways. 

In this article Bregman provides helpful insights into two factors that help organizations close the gap between theory and application by:
 
     •  Integrating leadership development into the work itself, and
     •  Teaching leadership in such a way that requires emotional courage.

4.  STORYTELLING THAT MOVES PEOPLE

   By Robert McKee and Bronwyn Fryer
   Harvard Business Review, June 2003

Why should leaders be effective storytellers and what qualifies them as such?  Put simply – a leader’s persuasive influence and ability to inspire their vision in others are pivotal aspects to business success.

In this article Robert McKee, an award-winning writer and director who consults with CEOs, provides his thoughts on how leaders can more powerfully connect with others on deeply emotional levels by telling compelling stories to persuade – instead of relying on dry, traditional, PowerPoint decks that present a rationale case based on logic and intellectual reason.
 

 
5.  DRIVE: THE SURPRISING TRUTH ABOUT WHAT MOTIVATES US
 
   By Daniel Pink
   YouTube, Apr 2010
   Watch this incredible video now!
 
In this fast-paced and highly entertaining video, career analyst Daniel Pink examines the puzzle of motivation, starting with a fact that social scientists know but most managers don’t seem to: the fact that traditional rewards aren’t always as effective as we think.
 
Pink shares the counterintuitive results of two studies that reveal the inner workings of what influences our behaviour — and the half-truth of why money can’t buy satisfaction.

His insights help to illuminate the 3 most important factors that motivate employees today – Autonomy, Mastery, and Purpose – and how they’re currently being used creatively in business to trigger, reward, and recognize outstanding performance.
 

 
6.  THE FIVE DYSFUNCTIONS OF A TEAM
  
   By Patrick M. Lencioni (Jossey-Bass, 2002)
   Check out this book on Amazon
 
In this best-selling business fable Patrick Lencioni explores the fundamental causes of organizational politics, leadership team failure, and how CEOs can navigate such complexities.
 
This gripping tale provides a simple yet profound reminder that effective leadership requires great courage in the face of adversity.  Lencioni highlights the following 5 major dysfunctions that lead to sub-par team performance – and how skillful leadership can be used to address each characteristic:
 
     1.  Absence of Trust
     2.  Fear of Conflict
     3.  Lack of Commitment
     4.  Avoidance of Accountability
     5.  Inattention to Results
 
Strateco is a new breed of consulting firm that seamlessly integrates Strategy with Leadership.   We help organizations create, integrate, and execute winning strategies, while developing higher functioning leaders.   To get a sense of our philosophy download your PDF copy of our newly released white paper:  Strategy + Leadership 2.0
 
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