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Library | Item Barcode | Call Number | Material Type | Item Category 1 | Status |
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Searching... | 30000010332483 | HD57.7 R584 2014 | Open Access Book | Book | Searching... |
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Summary
Summary
Still myopically chasing quarterly profits, producing the same product the same way, issuing directives to increasingly disengaged employees? Too many organizations cling to outdated practices-to their detriment and almost certain demise. In today's unpredictable, interconnected world you cannot rely on the old rules of business to get stellar results. The New Corporate Facts of Life charts a clear path through the obstacles facing all companies-disruptive innovation, economic instability, environmental degradation, increasing stakeholder power, and other global forces-explaining exactly how to transform each challenge into competitive advantage. Based on interviews with over 50 top executives and thought leaders, including Coca-Cola Enterprises CEO John Brock, Georgia Tech President G.P. "Bud" Peterson, and author Peter Senge, the book recounts how leading-edge companies have begun re-shaping strategy, culture, vision, engagement, and leadership to succeed in this brave new world. Change is the only constant in business. Packed with inspiring stories and compelling examples, The New Corporate Facts of Life offers a bird's-eye view of the shifting landscape and reveals how any organization, large or small, can begin creating a profitable, sustainable future.
Author Notes
DIANA RIVENBURGH is CEO and President of Strategic Imperatives, Inc., a global consulting firm that helps clients create sustainable, profitable competitive advantage. Her clients include AkzoNobel, Novo Nordisk, Mandarin Oriental Hotel Group, and Verint."
Excerpts
Excerpts
INTRODUCTION An Unending Journey Two roads diverged in a wood, and, I took the one less traveled by, And that has made all the difference. --ROBERT FROST WHEN I STARTED to write the Introduction to this book, I sat at my desk, thinking about how I had come to this amazing point in my career. You see, I have dreamed about writing a book ever since I was a child. I thought for a long time about the right way to introduce myself and explain why I spent several years of my life researching and writing the book you hold in your hand. What should I tell you about myself and my work? Why have I tackled such a weighty topic as the irresistible forces fundamentally changing the business landscape? Why have I chosen a career helping leaders shift their perspectives and organizations change their cultures to a shared-value model? Why do I feel compelled to share this journey? It all started when I found myself at a legendary fork in the road. You know the one. Down the left lane lies the comfortable route you had planned to take all along. To the right stretches an unknown and slightly scary road less traveled. I arrived at my crossroads on a perfectly sunny, late summer morning in 2001. I was sitting at my desk in my office in Stamford, Connecticut, busily working at my job as a vice president for the technology research and consulting firm Gartner. I loved that job. When Gartner had hired me to launch its organization development function, I felt as if I had finally reached the destination for which all my passion and education had prepared me. Nothing excited me more than helping an organization grow and thrive. Then my world suddenly tilted off its axis. A colleague rushed into my office to tell me that two planes had crashed into the Twin Towers at theWorld Trade Center in New York City. I stopped what I was doing, got on the Internet, and stared at my monitor, transfixed by the horror unfolding before my eyes. I couldn't get to my home on Long Island because the New York City metro area had completely shut down. But that's not what worried me at that moment.What scared me to death was the fate of my brother-in-law, Jimmy, a New York City firefighter. It took an eternity for me to get through the jammed phone lines to reach my sister Carolyn. I cried with relief when she told me Jimmy was safe. He wasn't scheduled to work that day. Tragically, however, every member of his squad working that day perished along with hundreds of other rescue workers when the towers collapsed. That event stopped me in my tracks. In the days and weeks that followed, I did what I always do when the world seems to rumble beneath my feet. I took stock of my life. All my training, all my experience, and all the work I did to bank a big paycheck now paled in comparison with the shock waves created by the collapse of those two buildings. I had always longed to start my own firm. And I wanted to make a difference, a big difference. When I thought of the thousands who had died or suffered terrible losses on September 11, I realized that something unexpected could end your dreams at any moment. A month later, I left Gartner to launch my own consulting firm, with the expressed mission to help business leaders build better enterprises in this scary new post-9/11 world. In the first few years on my new path, my colleagues and I provided organization development services, helping clients create better strategies, manage change more skillfully, build higher-performing cultures, and develop stronger leaders. The work gave me great pleasure. I worked with a lot of interesting clients and ethical leaders. I got involved in and led challenging projects. I earned a good living. Yet some deep inner voice kept telling me I could do more. It kept asking hard questions: "What does your work mean? Will what you do make any real difference to the quality of people's lives? Can meaningful work and profitability go hand in hand? What abiding passion will keep you hopping out of bed each morning, eager to get to work?" It made my head hurt. So maybe, I concluded, I should stop using my head and start following my heart. Excerpted from The New Corporate Facts of Life: Rethink Your Business to Transform Today's Challenges into Tomorrow's Profits by Diana Rivenburgh All rights reserved by the original copyright owners. Excerpts are provided for display purposes only and may not be reproduced, reprinted or distributed without the written permission of the publisher.Table of Contents
Acknowledgments | p. ix |
Introduction: An Unending Journey | p. 1 |
Chapter 1 Meet The New Corporate Facts of Life | p. 7 |
Disruptive Innovation | p. 11 |
Economic Instability | p. 14 |
Societal Upheaval | p. 18 |
Stakeholder Power | p. 21 |
Environmental Degradation | p. 25 |
Globalization | p. 29 |
Population Shifts | p. 32 |
Applying The New Corporate Facts of Life | p. 34 |
Chapter 2 Reset Your Mindset | p. 37 |
Understanding Mindsets | p. 41 |
Replacing Old Rules with New Facts | p. 46 |
Shifting Mindsets | p. 49 |
Preparing People to Adapt to Change | p. 56 |
Applying The New Corporate Facts of Life | p. 60 |
Chapter 3 Create a Compelling Vision | p. 63 |
Understanding Vision | p. 67 |
Creating That Compelling Vision | p. 69 |
Keeping True to Your Organization's Purpose and Core Values | p. 70 |
Engaging Key Stakeholders to Cocreate Your Vision | p. 71 |
Think Big, Bold, and Beyond | p. 73 |
Viewing the Future Using The New Corporate Facts of Life | p. 75 |
Articulating the Vision | p. 82 |
Translating Words into Actions | p. 84 |
Applying The New Corporate Facts of Life | p. 85 |
Chapter 4 Map the Strategic Journey | p. 87 |
Delivering Today's Commitments and Tomorrow's Promise | p. 90 |
Mapping Your Strategy Using The New Corporate Facts of Life | p. 91 |
Evolving Your Strategy | p. 109 |
Applying The New Corporate Facts of Life | p. 109 |
Chapter 5 Build a Unique and Vibrant Culture | p. 111 |
Culture and the Bottom Line | p. 114 |
Culture and The New Corporate Facts of Life | p. 115 |
Creating Your Unique and Vibrant Culture | p. 117 |
Bringing It All Together | p. 136 |
Applying The New Corporate Facts of Life | p. 137 |
Chapter 6 Lead on the Edge of Change | p. 139 |
Creating Great Futures Through Bold Leadership | p. 142 |
Defining the BOLDEST Leadership Needs | p. 143 |
Seeing the BOLDEST Leaders in Action | p. 145 |
Developing the BOLDEST Leaders | p. 157 |
Applying The New Corporate Facts of Life | p. 163 |
Chapter 7 Engage to Excel | p. 165 |
Valuing Stakeholder Engagement | p. 168 |
Engaging Internal Stakeholders | p. 170 |
Engaging External Stakeholders | p. 175 |
Harnessing the Power of Participation | p. 177 |
Developing a Stakeholder Engagement Process | p. 182 |
Renewing Your Bonds | p. 188 |
Applying The New Corporate Facts of Life | p. 189 |
Chapter 8 Design a Resilient Organization | p. 191 |
Designing a Resilient Organization | p. 193 |
Aligning the Organization's Design with Your Strategy | p. 195 |
Designing an Organization for Sustainable Success | p. 197 |
Ten Strategies for Designing a Resilient Organization | p. 199 |
Applying The New Corporate Facts of Life | p. 214 |
Conclusion: Lessons for the Road | p. 217 |
Lesson 1 You Can Meet the People You Need to Meet | p. 219 |
Lesson 2 You Can Learn What You Need to Know | p. 221 |
Lesson 3 You Can Turn Every Problem into an Opportunity | p. 222 |
Lesson 4 You Can Lead from Where You Stand | p. 223 |
Notes | p. 225 |
References and Resources | p. 231 |
Index | p. 239 |