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Make direction setting bottom-up and outside-in

“All stakeholders need a role in setting strategic direction.”

As the pace of change accelerates and the business environment becomes more complex, it will become increasingly difficult for any small group of senior executives to chart the path of corporate renewal. That’s why the responsibility for defining direction must be broadly shared—with all organizational members and interested external constituencies. Only a broad, participatory process can engender wholehearted and widespread commitment to proactive change. When it comes to setting direction, influence should be a product of foresight and insight rather than power and position.

50 Stories
104 Hacks
7 Barriers

Make direction setting bottom-up and outside-in

“All stakeholders need a role in setting strategic direction.”

As the pace of change accelerates and the business environment becomes more complex, it will become increasingly difficult for any small group of senior executives to chart the path of corporate renewal. That’s why the responsibility for defining direction must be broadly shared—with all organizational members and interested external constituencies. Only a broad, participatory process can engender wholehearted and widespread commitment to proactive change. When it comes to setting direction, influence should be a product of foresight and insight rather than power and position.

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Seven hundred thousand children were neglected and/or abused in the U.S.
Hack by Kathleen Feely on December 16, 2011
All companies want to be more profitable and more competitive. One way to do that is by increasing employees’ job satisfaction.
Hack by Delphine D. on July 8, 2011
An  annual meeting for company management, staff, shareholders, and members of the general public to discuss issues such as company direction, policy, social and environmental impact.
Hack by Andy Chapman on May 10, 2012
Self-managing systems are common and occur all around us, although not commonly applied to the structure of businesses.
Hack by Julian Wilson on November 24, 2014
Critical Business Change is a new way of thinking to help companies evolve in a changing, interconnected world.
Hack by Orlando Solis on October 15, 2010
The Red Cell is an idea borrowed from the military world and adapted for use in the business environment. It provides a competitive advantage due to two primary deliverables.
Hack by IMD Team 7 on November 2, 2011
Creating  leaders across the organization begins with valuing every employee's contributions.  Instead of giving feedback during the annual performance evaluation, managers and supe
Hack by Kelly Swauger on May 23, 2013
Strategic considerations of organizations today require a systemic approach to the environmental, social and economic dimensions of sustainability.
Hack by Heike Ulrich on May 11, 2011
Extend "first right of refusal" to customers to own the company's stock, whenever there is a need for new/ additional external investment.
Hack by Niranjan Rao on May 10, 2012

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