It takes no management skill whatsoever to spend a fortune building up clicks and it definitely takes no skill to slash budgets, cut headcount, freeze programs and hunker down and wait out the storm.
It does take remarkable management courage and skill to run against the crowd and conventional wisdom by investing in strategic initiatives and talent during tough times and resisting the temptation to chase mythical fortunes during boom times.
The Leadership Caffeine Blog
Improve Strategy and Execution Planning with Project Management Practices
The application of professional project management practices to the strategic planning and execution program development cycles of an organization can eliminate many of the common pitfalls that derail these programs. While the Project Manager cannot guarantee that the insights and actions developed during strategy are the right ones, he/she can take away the organizational-risk that so often rears its head to doom the best intended initiatives.
Common Sense and the Role of Leadership in Project Management Success
As organizations grow increasingly dependent upon project execution and professional project management practices to drive strategy execution, a firm’s leaders have to be smart enough and engaged enough to recognize an imbalance between process and people. Methodologies are guidelines to be strictly or liberally adhered to depending upon circumstances. Good leadership in this sense means tuning in to project activities at a level sufficient to ensure that the right approaches are being applied for the right reasons. While your methodology might have its champions, don’t lose track of the fact that the methodology must enable success, not fight it.
Are You Making Progress?
Not surprisingly, it’s often difficult for senior executives and management teams to gain objective feedback on their individual and collective performance. I’ve worked with clients and in organizations where the management team was generally satisfied with their own performance and would give themselves high marks at a time when the employees would give them lower or even failing grades. In all cases where I’ve observed this perception gap, there was no objective, systematic means of measuring performance and perceptions in place.
From Imperial Court to Learning Organization
It’s time to quit talking about becoming a learning organization and start knocking down the time worn conventions, institutions and processes that stand in your organization’s way. In an ideal world, this change starts at the top with an insightful leader or leadership team that understand what it takes to move from an efficiency orientation to a learning focus. In reality, a lot of this change will need to be driven by leaders in the middle that clearly see what is happening in the external environment as well as what it takes to win in that environment. If necessary, let the royals executives posture and play while you go about the business of changing the business one initiative at a time.
Ironically, Mid-Level Managers May Save Your Business
Ever since terms like reengineering, right sizing and downsizing became part of the corporate lexicon; midlevel managers have been taking it on the chin. This once populous class has been synergized and right-sized almost to extinction. Those that remain often struggle with spans of control as wide as the Golden Gate Bridge and limited authority that is constantly challenged from above and below. I find it just a bit ironic (and appropriate) that this much-abused class of leader may just hold the key to surviving and prospering in tough times.
The Project Management Discipline of Strategy Execution
Strategy execution is where value is created. The best plans are worthless unless they are backed by a group of people that understand their roles and accountabilities and that have the information they need when they need for rapid decision-making. Execution never takes place in a straight line and without setbacks. In fact, the setbacks are powerful learning experiences that a good team will leverage as it adapts and responds to internal and external factors.
A large part of the solution in my opinion is treating execution like a high-order program comprised of a series of projects to be managed. Ask a good Project Manager how to successfully pull of an execution program and I suspect they won’t need to interview 1,000 companies.
Preventing Product Launch Failure: Watch Out for the Pitfalls!
G. Michael Maddock and Raphael Viton writing in the Innovation Engine column at BusinessWeek online, offer a sobering look at the Ten Reasons Your Next Launch Will Fail. From the propensity of companies to create solutions for unknown problems (Science Run Amok) to the recurring theme of teams convincing themselves that they can’t miss (Death by Consensus), this insightful and witty column offers some priceless guidance for marketers, product and project managers and executives everywhere.
In Search of the High Performance Project Team
If the informal survey results above are even remotely close to reality, many/most people have not had the experience to participate on a high performance project team. While successfully managing projects is a tough task, I do not believe that we are dealing with a degree of impossibility. If project success is critical to your organization’s advancement, everyone from the CEO on down has a vested interest in ensuring that greater than 10% of the project teams take on the characteristics of a high-performance environment.
Planning to Recognize Failure-The Project Manager’s Guide to Preventing Project Calamity
Every Project Manager with a few years of experience under his or her belt can likely recall at least one example of a major project that lived on long after the plug should have been pulled and the project canceled. The best (or worst) examples are the ego-driven initiatives of top executives that can’t let go for fear of losing face by admitting defeat.
More than a few organizations have been taken to or pushed over the edge by these self-anointed visionaries bent on changing their corporate world with some grand project. Once invested, they cannot let go, and if left unchecked, the results can be nothing short of disastrous for the organization.