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Strategy & Governance
Take a seat in the marvellous world of Strategy and understand the complex Governance around it !
Curated by Fouad Bendris
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BCG Classics Revisited: The Growth Share Matrix !

BCG Classics Revisited: The Growth Share Matrix ! | Strategy & Governance | Scoop.it

The growth share matrix put forth by BCG founder Bruce Henderson in 1970 remains a powerful tool for managing strategic experimentation amid rapid, unpredictable change ... 

The BCG Matrix in a Changing World - More than 40 years after Bruce Henderson proposed BCG’s growth-share matrix, the concept is very much alive. Companies continue to need a method to manage their portfolio of products, R&D investments, and business units in a disciplined and systematic way. Harvard Business Review recently named it one of the frameworks that changed the world. The matrix is central in business school teaching on strategy !

Fouad Bendris's insight:

BCG Matrix 2.0 in Practice -To get the most out of the matrix for successful experimentation in the modern business environment, companies need to focus on four practical imperatives ...

- Increase the number of question marks !

- Test question marks quickly and economically !

- Milk cows efficiently !

- Keep pets on a short leash !




 

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Successful Leadership Hints !

Successful Leadership Hints ! | Strategy & Governance | Scoop.it
Fouad Bendris's insight:

Magic is not enough to recover mastery high level skills ;()

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Curiosity Is as Important as Intelligence !

Curiosity Is as Important as Intelligence ! | Strategy & Governance | Scoop.it

There seems to be wide support for the idea that we are living in an “age of complexity”, which implies that the world has never been more intricate. This idea is based on the rapid pace of technological changes, and the vast amount of information that we are generating (the two are related). Yet consider that philosophers like Leibniz (17th century) and Diderot (18th century) were already complaining about information overload. The “horrible mass of books” they referred to may have represented only a tiny portion of what we know today, but much of what we know today will be equally insignificant to future generations.

Fouad Bendris's insight:

CQ: CQ stands for curiosity quotient and concerns having a hungry mind. Knowledge and expertise, much like experience, translate complex situations into familiar ones, so CQ is the ultimate tool to produce simple solutions for complex problems. Although IQ is hard to coach, EQ and CQ can be developed. As Albert Einstein famously said: “I have no special talents. I am only passionately curious.” ;()

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Fixing a Work Relationship Gone Sour !

Fixing a Work Relationship Gone Sour ! | Strategy & Governance | Scoop.it
Even the most strained relationships can be repaired.

Sometimes you get stuck in a rut with someone at work — a boss, a coworker, a direct report. Perhaps there’s bad blood between you or you simply haven’t been getting along. What can you do to turn the relationship around? Is it possible to start anew?

Fouad Bendris's insight:

Principles to Remember

Do:

Restore trust by offering your coworker something he wants or needsTalk about your relationship on neutral groundMake subtle shifts in how you act toward your colleague — this is where the real change happens

Don’t:

Get stuck on who’s right and who’s wrong — focus on moving the relationship forwardAssume that things will change immediately ­— repairing relationships can take timeForget to involve people in your network who may have heard you complain about the other person
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Think Twice ... The Zen Strategy !

Think Twice ... The Zen Strategy ! | Strategy & Governance | Scoop.it
Fouad Bendris's insight:

When doing nothing can be a valuable Art ;()

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The Skills Leaders Need at Every Level !

The Skills Leaders Need at Every Level ! | Strategy & Governance | Scoop.it

A few weeks ago, we were asked to analyze a competency model for leadership development that a client had created. Its was based on the idea that at different points in their development, potential leaders need to focus on excelling at different skills. For example, in their model they proposed that a lower level manager should focus on driving for results while top executives should focus on developing a strategic perspective. Intuitively, this makes sense, based as it is on the assumption that once people develop a skill, they will continue to exercise it ... 

Fouad Bendris's insight:

So it is useful to ask yourself which competencies are most critical for you right now. But it’s also critical to ask yourself which competencies are going to be most critical in the future for the next level job. Demonstrating those skills in your current job provides evidence that you will be successful in the next job ...

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How to Explain a Career That Looks Stalled !

How to Explain a Career That Looks Stalled ! | Strategy & Governance | Scoop.it

Don't blame the economy !

Whatever the reason, if you’ve stayed in a role long after your growth and learning in that role plateaued you need a plan for presenting your experience to recruiters and hiring managers. If this is the flavor of your resume – if your last decade sounds like the same year repeated 10 times — you’ll face tough questions as you look for a new job. When asked about your learning, your challenges, and your career plan, your answer cannot be a variant on “I played it safe.”

Fouad Bendris's insight:

Prepare a convincing, short, upbeat answer to the question, “Why haven’t you moved on earlier?”

Discuss valid reasons such as wanting to see a project to its conclusion, team loyalty, picking the best time to make a career change. Show your career is in your control, not steered by events ...

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Wanted: Big data unicorns to wrangle unruly data !

Wanted: Big data unicorns to wrangle unruly data ! | Strategy & Governance | Scoop.it
Big data skills remain hard to find, and confusion about how to define what a data scientist does is just adding to the headaches.

The skills needed to wade through the rising tide of big data are in short supply, according to employers, although their unrealistic expectations may be part of the problem of finding the right staff.

On top of this, managers said they found it hard to explain their needs to HR managers and recruitment agencies, and to assess the skills of candidates...

Fouad Bendris's insight:

However, it admits that this is a rare set of abilities. "Some say that looking for them is like 'chasing unicorns', because people able to master all those skills are so rare, while others complain that the data scientist label has become too vague a description of an occupation to be useful."

 

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5 Common Questions Leaders Should Never Ask !

5 Common Questions Leaders Should Never Ask ! | Strategy & Governance | Scoop.it

Questioning is undoubtedly a valuable leadership tool. Asking the right questions can help business leaders to anticipate changes, seize opportunities, and move their organizations in new directions.But how you question is critical. Questions can be great for engaging and motivating people , but they can just as easily be used to confront or blame, and can shift the mood from positive to negative. “We live in the world our questions create,” says David Cooperrider, a professor at Case Western Reserve University and a pioneer of “Appreciative Inquiry,” which holds that questions focusing on strengths and using positive language are far more useful to organizations than questions with a negative focus !

Fouad Bendris's insight:

Looking beyond this list of specific questions, there are other tests you can use to assess whether the question on the tip of your tongue is a good one. In general, a leader should avoid questions “asked in a spirit of advocacy instead of inquiry ...

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Need to leave a message?

Need to leave a message? | Strategy & Governance | Scoop.it
Fouad Bendris's insight:

 Professional through and through ;()

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When Business rhymes with Health !

When Business rhymes with Health ! | Strategy & Governance | Scoop.it
Fouad Bendris's insight:

Excellent complementarity - Move more for your Health ;()

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What to Do When Success Feels Empty !

What to Do When Success Feels Empty ! | Strategy & Governance | Scoop.it

Why do career “wins” often leave people feeling empty and dissatisfied? And — more important — how can you avoid that problem? We recently asked HBR readers to share their thoughts, and several of the responses call to mind Douglas T. Hall’s classic model of psychological success.

Hall’s model suggests a number of reasons that a success might feel like a failure ...

Fouad Bendris's insight:

The concept of generativity was first defined by Erik Erikson, who saw it primarily as a midlife concern: Do we succumb to thoughtless routines and selfish pursuits?  Or do we make lasting contributions by teaching, mentoring, participating in social systems, raising children, or creating things that will outlast us and benefit future generations?

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MOOCs Won’t Replace Business Schools — They’ll Diversify Them !

MOOCs Won’t Replace Business Schools — They’ll Diversify Them ! | Strategy & Governance | Scoop.it

Over the past few years, business school administrators — like other university officials — have been losing sleep over Massive Open Online Courses (or MOOCs), worrying that these low-cost digital alternatives will cannibalize their business model.

As elite business schools have started to offer their own courses through platforms like Coursera, commentators have pointed out that it’s now possible to cobble together an elite MBA for free. Others have argued that executive education programs are likely to be disrupted, as companies weigh the savings they could achieve by directing executives to MOOCs instead !

Fouad Bendris's insight:

MOOCs are undoubtedly disrupting higher education. Business schools, like other university institutions, will need to strategically adapt to changing circumstances. But the MOOC disruption may not necessarily be the threat everyone is worried about. In fact, it looks more like an opportunity ...

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What New Team Leaders Should Do First

What New Team Leaders Should Do First | Strategy & Governance | Scoop.it

Getting people to work together isn’t easy, and unfortunately many leaders skip over the basics of team building in a rush to start achieving goals. But your actions in the first few weeks and months can have a major impact on whether your team ultimately delivers results. What steps should you take to set your team up for success? How do you form group norms, establish clear goals, and create an environment where everyone feels comfortable and motivated to contribute?

Fouad Bendris's insight:

The team-building efforts had immediate benefits. Our first week back, we were meeting deliverables in about half the time that it took us before the retreat !

To mimic the banter that might have happened around the office water cooler, employees have recently launched a group texting thread, regularly sharing jokes, interesting news, and funny stories with coworkers. That’s the indicator of a team culture, right?

We all have something that we can laugh at together.”

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Culture Of Courage: Creating A Culture That Breeds Bravery !

Culture Of Courage: Creating A Culture That Breeds Bravery ! | Strategy & Governance | Scoop.it
People are innately wired to avoid risk. During times of times of change and uncertainty, our risk aversion is amplified. Yet the number one way to gaining competitive edge is by creating a culture where people feel safe and emboldened to innovate and challenge the status quo thinking. The first key to creating a 'culture of courage' is leading from possibility, not probability.
Fouad Bendris's insight:

If there is one thing that is certain about the future it is this: sticking with the status quo will grow increasingly expensive ;()

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Starbucks: the brand experience more than the coffee !

Starbucks: the brand experience more than the coffee ! | Strategy & Governance | Scoop.it
Starbucks understands better than most and exemplifies: it's all about the brand experience. Nothing else.

Being European, I may be a bit picky (you can say “snobby”) about coffee. Although the average American Joe or Jane may go to Starbucks for their coffee morning Joe, I find myself that Starbucks’ coffee is very average. Thus, I don’t go to Starbucks for their coffee, I go to Starbucks for what the chain has to offer beyond coffee: its brand experience !

 

Fouad Bendris's insight:

Starbucks has gone so far to create a unique experience that a new coffee chain takes the experience even further. Ziferblat is the first pay-per-minute cafe, based on a Russian chain concept where “everything is free (food, coffee, Wi-Fi), expect the time you spend there ...

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Remembering Warren Bennis !

Remembering Warren Bennis ! | Strategy & Governance | Scoop.it
A consummate humanist and pioneer of management thought leadership has passed away. For those of us who personally knew this influential writer and commentator on leadership and organizations, one of his most notable attributes was his understanding of the paradox of human nature: our ability to simultaneously drag ourselves down and rise to great heights. His famous aphorism—that while managers know how to do things right, leaders know how to do the right thing —is one of his many legacies; it’s a guiding principle for anyone with influence. Risk-averse decision makers, Warren said, don’t become effective leaders, because excessive caution keeps them from doing anything important.
Fouad Bendris's insight:

Anyone who works for a major enterprise knows the temptation to shut life off in that way. Fortunately, we have the example of Warren Bennis: a man who deeply understood that temptation and showed us how to resist it, and how to keep learning throughout our lives—by taking risks and striving to do the right thing ...

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The employees who never take vacation time: How companies are prodding them go !

The employees who never take vacation time: How companies are prodding them go ! | Strategy & Governance | Scoop.it
Evernote gives employees $1,000 to disconnect from work for a week or more; FullContact offers $7,500 a year.

The ill effects of refusing to go on vacation, documented in research, include fatigue, poor morale, heart problems and reduced productivity. Some 15% of U.S. employees who are entitled to paid vacation time haven't used any of it in the past year, according to a March survey of 952 employees for the job and career site Glassdoor.

Vacation resistors cause problems for the entire office. Often they refuse to delegate duties, and they make colleagues feel guilty !

Fouad Bendris's insight:

There's some evidence they are right. A survey of 971 employees last year by Oxford Economics, a forecasting and consulting firm, found some 13% of managers are less likely to promote employees who take all of their vacation time. Employees who took less than their full vacation time earned on average 2.8% more in the next year than employees who took all of their vacation, according to a German study published in 2012 in the DIW Economic Bulletin ...

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Even during vacations we need Plan B !

Even during vacations we need Plan B ! | Strategy & Governance | Scoop.it
Fouad Bendris's insight:
No matter the situation - To adapt is a theme ;()
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Michel CEZON's curator insight, July 20, 2:08 AM

Enjoy the Summer break :-)

 

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Looking for the best Candidate ?

Looking for the best Candidate ? | Strategy & Governance | Scoop.it
Fouad Bendris's insight:

Once again - In Business the best resume can not compete with a determined woman ;()

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Intel, Dell, Samsung & co team up to rule the Internet of Things !

Intel, Dell, Samsung & co team up to rule the Internet of Things ! | Strategy & Governance | Scoop.it

Yet another bunch of big tech firms has made a play for the Internet of Things. This time around the quintet of Amtel, Broadcom, Dell, Intel and Samsung has teamed up to create the “Open Interconnect Consortium”, in a bid to promote a unified standard for IoT. The consortium spells out its mission as thus: “[We] will seek to define a common communication framework based on industry standard technologies to wirelessly connect and intelligently manage the flow of information among devices, regardless of form factor, operating system or service provider !

Fouad Bendris's insight:

In light of that, the Open Interconnect Consortium’s statement seems a little odd, but we’ll have to wait and see where it goes. It’s certainly starting at a disadvantage though, with just five members on board compared to the fifty-odd members that have already jumped on the Allseen Alliance...

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Everything You Need to Know About Giving Negative Feedback !

Everything You Need to Know About Giving Negative Feedback ! | Strategy & Governance | Scoop.it

There’s a lot of conflicting advice out there on giving corrective feedback. If you really need to criticize someone’s work, how should you do it? I dug into our archives for our best, research- and experience-based advice on what to do, and what to avoid.

We’ve published a lot about it ...

Fouad Bendris's insight:

There’s one important caveat here, however, and that’s the ideal praise-to-criticism ratio. While we may not be willing to admit it to ourselves, we do need to hear praise. And studies of both the most effective teams and the most happily married couples have shown that the ideal ratio is about five compliments to every criticism ...

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Michel CEZON's curator insight, July 2, 11:48 PM

Good to read about providing feedbacks !

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Morning People Are Less Ethical at Night !

Morning People Are Less Ethical at Night ! | Strategy & Governance | Scoop.it
And night owls cheat more in the morning, according to new research. Employees face many temptations to behave unethically at work. Resisting those temptations requires energy and effort. But the energy that is essential to exert self-control waxes and wanes. And when that energy is low, people are more likely to behave unethically. This opens up the possibility that even within the same day, a given person could be ethical at one point in time and unethical at another point in time.
Fouad Bendris's insight:

Managers should try to learn the chronotype (lark, owl, or in between) of their subordinates and make sure to respect it when deciding how to structure their work. Managers who ask a lark to make ethics-testing decisions at night, or an owl to make such decisions in the morning, run the risk of encouraging rather than discouraging unethical behavior ...

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Noncompete Clauses Punish the Wrong Party !

Noncompete Clauses Punish the Wrong Party ! | Strategy & Governance | Scoop.it
It’s cheaper to sue a person than a company.

Intellectual property and trade secrets are increasingly seen as the heart of competitive advantage, and the easiest way to get that information from a competitor is to hire one of their key employees.  The concern about losing that information rightly drives many employers nuts, and the use of noncompete agreements to keep that information seems to be expanding considerably, as recent reports suggest.  Perfectly understandable, right?

Fouad Bendris's insight:

Noncompete agreements clearly are private sanctions, not legal mandates, and one reason why employers impose sanctions on their employees who leave rather than waiting to sue competitors for stealing trade secrets is because the former is so much cheaper and easier to do ...

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Communication 2.0 ...

Communication 2.0 ... | Strategy & Governance | Scoop.it
Fouad Bendris's insight:

... New Strategy and more than Secret Weapon ;()

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