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Articles & Links
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The internet is full of good reads related to our ET theme this month. We have searched the World Wide Web and presented some good links for your perusal.
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The 'How' of Transformation
Amid the VUCA environment, companies are embarking on transformational activities. This Mckinsey read aims to guide readers on the nitty gritties of the transformation process.
Link: http://www.mckinsey.com/industries/retail/our-insights/the-how-of-transformation
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Transforming a Company Is Daunting, But You Can Prepare for It
Writers Scott Anthony and Clark Gilbert reveal that there is no harder job for a corporate leader than transformation. The article highlights how to develop and manage transformation efforts.
Link: https://hbr.org/2013/03/transforming-a-company-is-daunting-but https://archive.harvardbusiness.org/cla/web/pl/product.seam?c=42304&i=42395&cs=d390bd270807c3de5235e32aebfff556 &utm_source=hs_automation&utm_medium=email&utm_content=15606673&_hsenc=p2ANqtz-9aKfk6Z21TFFvZ-QBnlahtzrw9n-NRmSLHq8qX9msCzSGZZ7E9NN27 c9BZi7EivK29KiZsIOrIe5dUnRylLU01e1vqWaH9BFsnm-XrdJkhtmhHCNc&_hsmi=15606673
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The Unconventional Habits of Transformational Leaders
Through examples of two distressed Russian companies, INSEAD Professor, Stanislav Shekshnia, highlights the exceptional qualities that leaders must possess to transform and turnaround companies.
Link: http://knowledge.insead.edu/leadership-organisations/the-unconventional-habits-of- transformational-leaders-4439
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From the Outside In - Faced with volatility, more companies are looking beyond their own ranks to find new leadership
Faced with complexity and volatility, companies are looking beyond their own ranks to find new leadership, a move companies make only when the Board fails to groom a suitable successor, or to force out the incumbent CEO. The article weighs the pro and cons of hiring outside talent versus internal resources.
Link: http://www.strategy-business.com/feature/From-the-Outside-In
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How to beat the Transformation odds
Research studies have pointed out that transformational change is hard. However, the odds of success can be increased by communicating, leading by example and engaging employees continuously.
Link: http://www.mckinsey.com/business-functions/organization/our-insights/how-to-beat-the- transformation-odds
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Transforming Organisations for Sustained Innovation
This INSEAD article reveals that market-oriented businesses are better able to innovate on the back of complex and demanding organisational changes. However, a market-oriented transformation not only takes time but implies the development of a new organisational culture.
Link: http://knowledge.insead.edu/strategy/transforming-organisations-for-sustained-innovation-4315
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To read complete issue click here
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