Business Management - Jeff Lomey Associates
– management of a business. Includes all aspects of overseeing and supervising business operations. Management is the act of allocating resources to accomplish desired goals and objectives efficiently and effectively; it comprises planning, organizing, staffing, leading or directing, and controlling an organization (a group of one or more people or entities) or effort for the purpose of accomplishing a goal.
The organization and coordination of the activities of a business in order to achieve defined objectives.Management ...
Change management (sometimes abbreviated as CM) is a collective term for all approaches to prepare, support, and help individuals, teams, and organizations in making organizational change.
Principles of change management
Diagnosing the Problem. Before any changes can take place, a problem has to be identified. ...
Lead with the Culture. ...
Start at the Top. ...
Involve Every Layer. ...
Coalition Building. ...
Provide Clear Instructions. ...
Transparent Communication. ...
Questions & Concerns
Formal & Informal Solutions
Change management is the methodology that directs how we plan, train and help individuals to implement change effectively to ...
Strengths - Weaknesses - Opportunities - Threats
Is everyone in your business co-operating to make your strategy stick?
If not here are three simple ideas to help.
Believe. Imagine what it took to put a man on the moon. Imagine the belief it took to convince a government to fund. The scientists who believed the possibility. The engineers who believed they could build. The astronauts who believed they would live. And if not would die for it. Never in the history of humankind was such a strategic journey undertaken. This ...
Woman on Boards
When Women Are on Boards, Male CEOs Are Less Overconfident
A number of governments (notably those in India, California, and parts of Europe) are pushing for greater female representation in the boardroom. And several studies suggest why: Having women on the board results better acquisition and investment decisions and in less aggressive risk-taking, yielding benefits for shareholders. What’s less clear is why these effects happen.
Our research suggests one potential reason: Having female board members helps temper the overconfidence of male CEOs, improving overall decision making ...
Are you maximising the profit from your strategic journey using the seven strategy execution levers?
“We behave according the structures we are in” Jeff Lomey.
Here is an interesting idea: If we go to a night club and we go to a church, do we behave the same way? The answer is obvious, no we do not. Then why do we behave differently if we are exactly the same person? If we apply the same logic to the workplace, then why would people ...
Are you getting a monetary return of six to one on your strategy execution interventions?
“Companies that execute strategy faster will ultimately win.” Jeff Lomey.
For years I have been captivated by how consulting interventions can be quantified in financial terms. The bang for the buck. One CEO, who paid me well for the answer, wanted to know how much he got back from his leadership development programmes. The programmes ran over four years, cost tens of millions of Rands, involved six ...
Are you doubling your business growth by leveraging focused strategy execution interventions?
“It’s not what you do. It’s how fast you can change what you do.” Jeff Lomey.
Eighty eight percent of top executives in the Fortune 1000 companies say that “strategy execution will become more important in the future.” The executive summary (page three of sixteen) in this brilliant research article why strategy fails gives some nasty statistics which you may want to be aware of.
I started working at the age ...
Action learning and strategy execution – Reg Revans principles
Action learning has proved to be the most powerful and effective way to help a leader to achieve results, accelerate learning, understand the customer eco system and build a peer network of comrades in adversity.
Learning must be greater than or equal to the rate of change
The father of action learning Reginald Revans said that learning must be equal to or greater than the rate of change. This simple idea, in the world of ...