Decision Velocity and Corporate Strategy
Remember, DV is composed of speed AND direction. Here’s snippet from an interesting Harvard Business Review article from February. Getting everyone to decide to head in relatively the same direction is crucial to to enacting a company’s strategy.
“Senior executives, divisional managers, and operational managers all play a role in deciding which opportunities a company will pursue and which it will pass by (a reasonable definition of “strategy” in the real world). So, for that matter, do customers and the capital markets. What we have found in one research study after another is that how business really gets done has little connection to the strategy developed at corporate headquarters. Rather, strategy is crafted, step by step, as managers at all levels of a company—be it a small firm or a large multinational—commit resources to policies, programs, people, and facilities.” - Bower & Gilbert, HBR “How Managers’ Everyday Decisions Create or Destroy Your Company’s Strategy
Add comment April 9th, 2007
