Dr. Ron Meyer was invited by BDO Scope Magazine to share his perceptions on new ways to formulate strategy in turbulent times. Read below his thoughts and recommendations:
‘The accelerating pace of technological change has made it very difficult for companies to formulate a business strategy. The classic top-down approach is no longer adequate. More executives also realise they can no longer leave strategy development to external consultants but have to do the job themselves. Ideally it should now be a continuous process in which a leader should involve as many employees and managers as possible. If they’re given the opportunity to implement the business plans, they will be much more engaged and there will be a greater chance of success.
‘Due to the acceleration of new, disruptive technologies, the most you can do in formulating a strategy is indicate a direction rather than specify a concrete end point. Could this have a paralysing effect? You can avoid this effect by remaining agile while accepting that you can never predict which technology is going to “win” and that you may sometimes get it very wrong. In 1995, for example, Bill Gates said the internet would never be a success. Today’s business leaders need to let go of their mechanical approach to governance and strategy development.’
Prof. Ron Meyer
Director of the Center for Strategy & Leadership
Professor of Strategic Leadership at TIAS School for Business and Society.
Publised on CFO.nl (in Dutch) a blog on securing a good start for business innovation processes: generating ideas that work. Not through mere brainstorming (does not work good enough) but through a strategic approach to the Harvard-approach of ‘brainswarming’.
Dat business innovation prominent op de strategische agenda van bedrijven en instellingen staat, is nu wel duidelijk. Het startput van business innovation blijft een lastige horde. Hoe kom je aan goede, ècht nieuwe ideeën die je organisatie verder helpen?
Indonesia, with a population of over 260 million and a highly dynamic economy, sees a rapid of corporate universities. Both in numbers and quality. Thanks to the publisher of PPM Business School in Jakarta, the work of Dr. Martyn Rademakers covering cases, tools and theory from international sources, are now also available in Bahasa Indonesia. The resulting book ‘Corporate University: Merancang, Membangun dan Mengelola Organisasi Pembelajar‘ and more information can be found at: http://ppm.co.id/corporate-university-merancang-membangun-dan-mengelola-organisasi-pembelajar/