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years in management consulting, I transitioned to a Fortune 50 US company in an internal strategy role. Before outlining the benefits of internal strategy, I want to highlight a few things: I generally enjoyed my time as a consultant and view the firm I left with high regard. Internal strategy isn’t for everyone.
All three factors have become more common over time, which we argue stems from firms’ increasing reliance on intangible and knowledge inputs in their business models. Emerging digital firms compete with knowledge, strategy, and expert human capital, attacking even the largest established firms.
Advisory boards focus on "big picture” issues--such as compensation, market strategy, and succession planning--rather than day-to-day operational difficulties. But today, even successful small businesses face increasing technological and logistical challenges, making advisory boards a more widely accepted strategy. Use the Pluses.
We regularly work with CEO’s that are frustrated with leader behaviors that undermine enterprise strategy. Simple financial measures, like P&Ls, are an effective way to visibly drive leader accountability, yet they frequently do not match the complexity of today’s strategies.
Cari faces a common problem: An executive leadership team decides to build a capability critical to the company’s strategy and future success. They do all the right things: create a strategy, announce a leader, build and buy the talent needed, research and implement best practices, purchase new technology, and roll-out training.
As companies and strategies become more complex, leaders often need to start collaborating and integrating more to achieve the benefits of both agility and scale. A lot of our value at Kates Kesler is in helping leaders have difficult conversations (in some cases, conversations that have been avoided for years or even decades).
The market has already seen challenges, particularly in the financial services space where customers are investing large amounts of wealth, time, and energy into cryptocurrencies. Instead lead with customer experience strategy and design. What are we doing wrong?
The physical strength of men was no longer needed to accomplish knowledgebased work and so the bonafide job qualifications were leveled. I would love to help you uncover a career transformation process that helps you figure out what's next but with an approach that generates energy and isn't overly taxing.
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