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Measures:
Measuring a function in the company implies 2 things: 1. Measurement of
its performance 2. It is important. This only reiterates that
measurement of every important activity is a must. The measurement (and
reward) system must work in tandem with the other element of your
business system to achieve the goals targeted by the new strategy.
Structure
& Process: It is
important to study if the company is organized by: product line/
customer grouping/function/geographies/any other. It is also crucial to
check the level of centralization for each of the activity in the value
chain. As the systems are set in the right direction the answers to
these and similar questions also start changing.
Culture:
Corporate culture is the most mismanaged/misunderstood factor and yet
it is the most important aspect of all. Effective business leaders must
make an impact on the culture of the company so as to get a true
advantage.
People:
The three vital components that people in a company must possess in
order to drive it towards success are: focus, skill and motivation. It
is also very important that all inspire active support and overcome the
natural tendency to resist change. This is considered as the most
difficult of the leadership challenges.
Effective alignment
of the above factors ensures that your company’s key
resources are geared towards winning the race.
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