So, how does a company position itself to respond to the changes that the era of business globalization holds in store? Certainly, we can attempt to define the next “big thing” in strategy development. But, if we fail in our attempt, and most of the time such attempts fail, we will not deliver the value that stockholders seek. Instead, why not return focus to the fundamentals, much like a slumping athlete would when trying to return to world-class form?
By embracing what might be called a “Best Practices Enterprise™ Philosophy” that focuses attention on sound fundamentals, businesses can begin to introduce new, and extend existing programs, that position them to be nimble and quick, while still growing and evolving into broad-reaching and highly profitable organizations.
From my perspective, the seven most essential best practices have been identified. There are no silver bullets among them, but, together they form an indispensable strategic underpinning that can make the difference between long-term success and failure for any organization within the new epoch.
The seven business programs that comprise the Best Practices Enterprise™ Philosophy include:
· Program-Centric Strategic Planning
· Resilient IT Architecture Design
· Results-Focused Communications
· Portfolio-Based Project Management
· Uninterrupted Business Redesign
· Cross-Cultural Workforce Inclusion
· Continuous Employee Improvement
We’ll explore each of these and their related issues and challenges in the future, so stay tuned!
PS — If you would like a copy of my latest book on this subject, visit the amazon.com link below: