Modern Management: BUSINESS ENABLERS - Higher-Order Levers of Performance (free Business e-Coach)

Executive Summary. Source: "The Centerless Corporation", Bruce A.Pasternack and Albert. J. Viscio

"Companies have always adapted to larger and more complex forms by having management focus higher-order levers of performance" – Bruce A.Pasternack and Albert. J. Viscio

Main Functions of Business Enablers

Enabling the firm to become more distributed yet act as one
Putting the capabilities in place for the right action to occur
Enabling decisions that are in the interest of the corporation as a whole
Ensuring the right resources and skills exist for the company to compete and grow

Three Key Business Enablers

People – a motivated and committed set of talented employees is critical to success
Knowledge – what the firm knows to create and deliver value. It includes: know-how of creating value; processes of how the firm works; best practices; customer intelligence; new business concepts; R&D; and competitive intelligence
Coherence – what holds the firm together; the glue that binds the various pieces, enabling them to act as one. It includes: shared vision and values; numerous linkages across the company; communications and communication infrastructure; management processes like planning, human resource management, and knowledge management

Systemic Innovation

7 Interwoven Areas

Business Innovation

Organizational Innovation

Strategy Innovation... More

Managing Business Enablers

Managing business enablers represents a significant shift of focus, but does not replace managing the business. It is something that must be done on top of normal duties. "Business enablers represent a higher-order set of levers than the financial performance of the business units in the corporate portfolio. While the financial performance is extremely important, the ability of corporate management to influence that performance is greatly enhanced through the three enablers of people, knowledge and coherence."

People

You need access to the right set of people if you wish to get to the right decisions quickly, to distribute responsibility, and to be at the leading edge of competitive performance. In the rapidly changing new economy, you need both more business skills and more people skills. You also need a new partnership-based relationship with employees that forms the bonds of understanding of how they benefit as the firm benefits.

Transform Your Business into an Innovative and Creative Culture

Empowerment. Ideally, empowerment of employees results in increased initiative, involvement, enthusiasm, innovation and speed, all in support of the company's mission... More

7 Dimensions of Strategic Innovation

The Strategic Innovation framework weaves together seven dimensions to produce a range of outcomes that drive growth.

A company's Organizational Readiness may drive or inhibit its ability to act upon and implement new ideas and strategies, and to successfully manage operational, political, cultural and financial demands that will follow... More

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