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When a company diversified, it bought companies in other businesses, or else developed new businesses internally, to sell additional products or services, as with Honda, which has exploited its expertise in motors to produce a variety of other vehicles — outboard motors, lawnmowers, ATVs, and so on. Structuring in Sevens.
In his article on “Crafting Strategy,” McGill University professor and management author, Henry Mintzberg, provides a good example of innovation and organizational learning in high-performing, agile organizations: “Out in the field, a salesman visits a customer. A new product emerges, which eventually opens up a new market.
Increasingly, therefore, the management of people is a ‘marketing job.’ ’ And in marketing one does not begin with the question, What do we want? Develop a rigorous performance management system that identifies your A, B, and C players. They have to be persuaded.
As the CoachingOurselves marketing director Warren Cohen says: “In the past, the public would recognize and celebrate organizations that made contributions to society. Our co-founder Henry Mintzberg, has long been proclaiming this need for change. It’s time for leadership development professionals to step up and provide the solution.
Since the collapse of Enron, through the financial crisis, to the insider trading and LIBOR scandals, the question just keeps recurring: How did those institutions of higher learning, whose claim is to develop business leaders, influence the conduct of leaders who let so many people down?
The capacity and willingness of managers to plan developed throughout the century. Corporations developed large corporate units dedicated to it. Henry Mintzberg defined strategic planning as “a formalized system for codifying, elaborating and operationalizing the strategies which companies already have.”
And thinking is in fact quite an important activity when it comes to assessing and developing a strategy. As famous management professor Henry Mintzberg has described, much of strategy is “ emergent.” Because it means that you don’t have much time to think and reflect. Stuff happens.
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