Supporting employees working from home

strategy+business, January 29, 2021

by Theodore Kinni


Photograph by Kathrin Ziegler

In mid-December, a light appeared at the end of a long, dark tunnel when the U.S. Food and Drug Administration issued emergency authorizations for the Pfizer-BioNTech and Moderna COVID-19 vaccines. A month later, that light wavered as the death toll in the U.S. reached 400,000 — having reached 300,000 just five weeks earlier — and the outgoing director of the Centers for Disease Control and Prevention warned that the worst of the pandemic was yet to come. As Yogi Berra once said, “It ain’t over till it’s over.”

Even as millions of people are getting vaccinated, many employees won’t be returning to the workplace for months to come. Instead, they will continue to work from home with all the distractions, stresses, and fears that they have experienced over the past year. This is not an insignificant problem: 25 percent of respondents to a PwC Workforce Pulse Survey conducted between January 11 and 13, 2021, said their physical and mental well-being deteriorated during the pandemic; more than 20 percent said their ability to disconnect, their work–life balance, and their workloads worsened. These results could be magnified in the weeks and months ahead by spikes in COVID case rates and deaths and continuing economic uncertainties, especially with regards to job security.

This makes one of the WFH (working from home) challenges that leaders face even more acute: How do you assess employee wellness when your only point of contact is a phone call or a computer screen? For answers, I talked to two experts... read the rest here.

How to Pressure Test Your Strategic Vision

Insights by Stanford Business, January 15, 2021

by Theodore Kinni

iStock/BeholdingEye

There is no shortage of advice regarding the art and craft of business strategy. Yet, in 2019, when the consulting firm Strategy& surveyed 6,000 executives, only 37% said their companies had well-defined strategies and only 35% believed that their strategies would lead to success.

Stanford Graduate School of Business professors Jesper Sørensen and Glenn Carroll peg this lack of confidence in the ability to make sound strategy to a dearth of critical analytical thinking. They find that the strategies that have driven the long-term success of companies such as Apple, Disney, Honda, Southwest Airlines, and Walmart are typically — and insufficiently — attributed to either an innovative vision or the fortuitous discovery of emerging opportunities. In their new book, Making Great Strategy: Arguing for Organizational Advantage, they assert that neither explanation tells the whole story.

“To put it bluntly: Without reasoned analysis, neither vision nor discovery will lead to strategic success,” Sørensen and Carroll write. In their book, which grew out of developing and teaching strategy and organizational design courses at Stanford GSB, Sørensen and Carroll apply the logician’s tools to the creation of successful corporate strategy.
The Importance of Rigorous Logic

Executives need the tools of logic to construct a coherent and valid strategy argument, which Sørensen and Carroll identify as the common core in all successful strategies. They define a strategy argument as “an articulation of how a firm’s resources and activities combine with external conditions to allow it to create and capture value.”

“We tend to venerate and celebrate strategic intuition, but intuition can always be wrong,” explains Sørensen. “Leaders need to buffer themselves against that possibility by being rigorously logical, too. Logic also is easier to communicate accurately than vision. If I articulate a grand vision for the future, you may be inspired by it, but how will you act on it?”

“There’s a distinction between talent and a skill,” adds Carroll. “Steve Jobs had a talent for envisioning the future that can’t be taught. But the skills needed to develop a logical argument that will reveal if the strategy being envisioned has holes in it or is missing things that you haven’t thought about — those skills can be taught.” Read the rest here...

Strategic Incentives: Cash Performance Awards for the Digital Economy

Learned a lot about how private companies can best use long-term cash incentive plans lending an editorial hand here: https://lnkd.in/e9Mpyjk

Do you really want a CEO to be a role model?

strategy+business, January 12, 2021

by Theodore Kinni



Photograph by RgStudio

When Fortune magazine named Elon Musk as the 2020 Businessperson of the Year, its CEO, Alan Murray, announced the news with palpable distaste: “I have never been a Musk fanboy; he is a mix of some of the worst characteristics of today’s leaders — more messianic than Adam Neumann, as allergic to rules and governance as Travis Kalanick, nearly as narcissistic as Donald Trump.” So why honor Musk? He has been extraordinarily successful at turning bold visions into successful companies. As a result, Tesla’s stock is up more than 1,000 percent since the summer of 2019, making its CEO and largest shareholder, with a nearly 20 percent stake, the second richest person in the world.

Musk is the latest in a long line of celebrated leaders who aren’t exactly paragons of good behavior. Steve Jobs was another notable example. In his acclaimed biography of Jobs, Walter Isaacson documented his subject’s famously petulant and abusive interpersonal conduct. But then Isaacson spun it to support his conclusion that Apple’s cofounder and, later, savior was the “the greatest business executive of our era.”

Murray’s ambivalence to Musk and Isaacson’s efforts to excuse Jobs got me thinking about the role that CEOs and other senior leaders inhabit as behavioral exemplars. Programs for corporate or cultural transformation invariably require that senior executives model the behaviors they are trying to encourage in managers and workers. When Jon Katzenbach and his colleagues at the Katzenbach Center (PwC Strategy&’s global institute on organizational culture and leadership) formulated their 10 principles of organizational culture, they specifically called that dictate out. “The people at the top have to demonstrate the change they want to see,” they declared... read the rest here