Weekly Impact Brief (2023.Oct.15)
Paths to TSR outperformance; Culture promotes change; Your leadership style; 7 days to organizational change; and Generative leaders.
Note: We are in private beta. There are rough edges; this Brief will evolve in the coming weeks before we launch more broadly. We value your feedback! To share your input, click here.
Read time: 3 min
Welcome
It’s great to have you here!
This Brief offers leaders quick, fact-driven insights on trending articles released in the last week around leadership, innovation, and more. These are curated from top sources, such as McKinsey, Harvard, and many others, looking at elements of the Impactful Framework.
In case you missed the last Impact Briefs, here are the links for the previous two: Oct 8th and Oct 1st.
Thought Starter
Last week, we covered the element of “Culture”; this week, we cover “Innovation”, the persistent quest for fresh ideas, methods, products, or services that enable a business to stay competitive and responsive to marketplace fluctuations.
Highlights
McKinsey & Company: Five Paths To TSR Outperformance
MIT Sloan Management Review: The Role of Culture in Enabling Change
Gallup: What Is Your Leadership Style?
Harvard Business School: Yes, You Can Radically Change Your Organization In One Week
[Feature] Boston Consulting Group: BCG On Generative Leaders
Impact Pulse
Each week, we review 200+ articles from 50+ premier academic and consulting firm sources to highlight a few “essentials” below.
Five Paths To TSR Outperformance
Big Idea: Achieve long-term market outperformance through five paths: enter high-growth markets, offer new products, refresh the business’ portfolio, execute successful turnarounds, and improve business management.
Quick Quote: “Growth is the widest path (to beating long-term market TSR)… strong strategy and exceptional management are always essential… Even when everything breaks right, companies should be realistic about the level of sustained TSR outperformance that’s attainable. For the largest corporations, beating market TSR over a ten-year time frame by more than 5 percent is a significant achievement indeed.”
The Role of Culture in Enabling Change
Big Idea: Culture is an organization's nervous system, facilitating information flow between strategy and execution. Successfully managing culture involves adapting it to specific change objectives, such as reinforcing magnitude, reimagining activity, and rethinking direction.
Quick Quote: "Culture is the enabler of business strategy. It either facilitates or inhibits the speed and reliability with which information flows within an organization, determining how well the company understands and responds to its environment."
What Is Your Leadership Style?
Big Idea: CliftonStrengths leadership domains outline the styles of leaders as: (1) people-oriented leaders; (2) executing, process-oriented leaders; (3) strategic thinking, thought-oriented leaders; and (4) influencing, impact-oriented leaders.
Quick Quote: "Your leadership style can determine everything from how you make decisions to how you treat the people on your teams. It’s no exaggeration to say it shapes your future as a leader… Rather than modeling yourself on leaders you respect or trying to mold yourself in a style that’s popular at the time, focus on developing your own unique style based on your CliftonStrengths leadership domain."
Yes, You Can Radically Change Your Organization In One Week
Big Idea: Leaders armed with decision-making power and effective change-management tools can solve complex organizational problems in just one week (Mon) by identifying the root issue, (Tue) running smart experiments to rebuild trust, (Wed) seeking diverse input, (Thu) telling a compelling story, and (Fri) taking swift action.
Quick Quote: "‘Move fast and break things’ gave speed a bad name. You can move fast and take care of people. In fact, when you're taking care of people, you can move even faster. People think the only way to fix things is to slow down. It's not true. Meaningful change happens with momentum."
Featured Summary
Below are our featured insights for the week: a series of Accenture videos highlighting brain hacks to facilitate learning.
BCG On Generative Leaders
Big Idea: Generative leaders address issues holistically, leading with their head, heart and hands, emphasizing trust, collaboration, collective action, resource regeneration, and sustainability.
Quick Quote: "What we really need moving forward are leaders who are generative. Leaders who leave the world a better place than they found it and leaders who lead with their head, heart, and hands."
Lighter Side
As usual, let's end on a light note!
Here’s today’s cartoon.
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Parting Thoughts
Thank you for spending your precious time with us.
We are still in early “beta” mode for the coming weeks. If you find this Brief useful, please forward it now!
Please feel free to reach out with any thoughts or questions that today’s insights might have sparked.
Impactfully yours,
Ali Monadjem (LinkedIn profile)
For The Impactful Executive Team
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