No bells, No whistles, Just Plain Old Governance!
Jun04

No bells, No whistles, Just Plain Old Governance!

The conventional wisdom suggests, that to be successful, enterprises of all sizes must ensure that they have implemented an overarching system of governance, as part of their corporate strategy.  This is done to facilitate and ensure, the achievement of their objectives, commercial or otherwise. Let’s pause for a second to think about the word ‘Governance’.  What does it really mean?  And does anyone person or organization own the absolute worldwide accepted definition for it?  Stretching this a bit further, how is ‘governance’ related to ‘strategy’ exactly? I did quite a bit of research on the subject and from what I’ve learned thus far, the answer is; well, not all that simple I’m afraid.  Here’s the thing, apparently, anytime there is a breakdown in the system of governance within an organization, especially with the big names, the world media seems to go wild.   Fresh in our minds is the story of the Barings Bank and Société Générale, where apparently, a breakdown in the monitoring of their internal processes led to their famous front-page splash!   We also have examples like Enron and AIG.  Of course, we now know, that their short-lived success was attributed to organized accounting fraud.  More recently, many public and private organizations have invested in subprime-based toxic investments, for which the risk factor had not been identified or had been largely underestimated.   We all know what happened after that. You may wonder, how do we prevent such large-scale incidents from ever happening again, at least in our lifetimes?  More regulations perhaps or, maybe we should try swift, and I mean really swift punishment for those caught with their hands in the cookie jar!  It seems that human kind has tried all kinds of remedies, but one look at the aftermath of the consequences of our own actions, and one can perhaps conclude that we are nowhere near a solution.   Perhaps it is an understatement therefore, to suggest that now, more than ever; there is an absolute and clear need for a more a grounded behavioral change program, one that feeds directly into our own system of values.  The reasons I believe that the system of Governance in general continues to fail, at least in the way we’ve been going at it, is because we are dealing with an ancient trait, so deeply routed in the human soul.  I’m talking about ‘Greed’ here folks.  As long as greed is there, we human beings seem to be more than willing to pursue and exploit holes in our own control systems.  Ironically, the very systems we designed to put us in control in the first place. Of course, it gets even...

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Anything + Strategy = Sexy !!
May15

Anything + Strategy = Sexy !!

Strategy is a sexy word which adds different dimension of importance and value to the statement that we use it in, and when an organization uses the word strategy on any document or meeting, it gives the impression of deep thoughts and forward thinking.  Nevertheless, when it comes to the execution and results review, all strategy formulation problems float on the surface and the organization end-up dumping their strategy or fudging the results and recreating another strategy worse than the one before. Many writers, authors, strategists, researchers, consultants and others wrote about “What is Strategy?”, ” How to implement…” , “Bridging the Gap …”, “Market … Competition”, “CEO Challenges” , others wrote about “how to optimize strategies “and ” … competitive advantage” or the green field or the blue ocean ….etc. In the period that Einstein was active as a professor, one of his students came to him and said: “The questions of this year’s exam are the same as last year!” “True.” Einstein said, “but this year all answers are different.” Certainly we’ll not be writing a typical strategy management blogs but we want to answer all your questions about strategy and cover the essentials that you need to know in new, simple, quick way and in a visual format. This blog and series of blogs will come soon from our society “SEAS”will give you new perspective to look at organization strategy and the way it should be conducted by looking through different lenses to compose the right view of the future and connect the missing dots to face emerging challenges. “Concepts, resources, frameworks, researches, videos, tools and templates will be shared on our website exclusively with our members on SEAS on LinkedIn” Looking at today’s challenges and traditional strategic planning and management concepts, we will find that they are no longer applicable and requires deep look to validate it against today’s circumstances. The current elements that effect any organization strategy (Market, Customers, Products, Competition regional, global…etc.) are very dynamic and constantly changing. Therefore, focusing on the main components or building blocks that shape all kinds of strategies regardless of the nature of the organizations (for Profit or Non- Profit) and the industries that these organizations operate in remains the key factor for shaping organization’s strategy. Our online society on LinkedIn “SEAS“ complement this blog and future blogs (and plays integral role in it’s development as you will discover later). Since strategy as atopic is rapidly evolving, you may want to go beyond essentials, discover more, use tools and participate in real business cases. Please consider joining our global society of business practitioners, professionals and researchers who created  “STRATEGY & ENTERPRISE ARCHITECTURE SOCIETY”. On the SEAS page on LinkedIn you can participate in discussions about...

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