Is Your Company as Strategically Aligned as You Think It Is?

  • 📰 HarvardBiz
  • ⏱ Reading Time:
  • 53 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 25%
  • Publisher: 63%

Belgique Nouvelles Nouvelles

Belgique Dernières Nouvelles,Belgique Actualités

An analysis of more than 500 employees across 12 organizations found that actual strategic alignment was two to three times lower than perceived alignment.

showed that companies that build strategic consensus around supporting their customers’ needs have lower costs and higher revenues, profits, and valuations. When senior executives, middle managers, and front-line employees are all aligned around a customer-focused strategy, they are less likely to end up spending wastefully or investing in disparate initiatives that consume resources without driving customer value.

What happened? ITI shifted its strategy to explicitly focus on the one factor it determined was most important for driving customer satisfaction: giving customers weekly status updates on their orders. This new approach enabled ITI to forge strategic consensus across the organization and reduce the amount of time people spent on internally focused activities.

In 2021, the organization identified rapid quoting as a critical customer need, and fully refocused its strategy around this goal. “We paused or deferred most of our internal initiatives, focusing our attention, effort, and energy on rapid quoting. [We] provided our customer service reps with an updated and streamlined computer interface, more training, and everything else possible to support their work.

“Listening — not talking — to employees was the key,” explained Margaret Seeliger, Global SVP of Strategy at Sodexo’s Energy & Resources division, when describing how her team visited more than 50 sites all over the world to connect directly with frontline teams.

 

Merci pour votre commentaire. Votre commentaire sera publié après examen.
Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 310. in BE

Belgique Dernières Nouvelles, Belgique Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Formosa Group Employees Petition Parent Company to Keep CEO Bob Rosenthal After His Resignation (Exclusive)'He is the leader we trust to usher our company through the times ahead,' reads the petition sent to Streamland Media following the sound company founder's resignation.
La source: THR - 🏆 411. / 53 Lire la suite »

Former Apple employee ordered to serve jail time, pay restitution for fleecing the companyDhirendra Prasad’s sentencing for two charges — conspiracy to commit mail fraud and wire fraud and conspiracy to defraud the U.S. — stemmed from an alleged plot that lost Apple over $17 million.
La source: fox7austin - 🏆 594. / 51 Lire la suite »

Startup vs. big company: The corporate job saved my mental healthI'm a millennial who left my startup career for a corporate job and my mental health has never been better
La source: BusinessInsider - 🏆 729. / 51 Lire la suite »

Apple drops lawsuit against former exec who accused company of spying | EngadgetAfter more than three years of litigation, Apple has quietly dropped its lawsuit against Gerard Williams III, the former chip executive the company accused of poaching employees..
La source: engadget - 🏆 276. / 63 Lire la suite »

CEO of India's Byju assures company's compliance after raids over alleged forex law violationsByju's is one of India's biggest startups, once valued at $22 billion. It has attracted global investors such as General Atlantic, BlackRock and Sequoia Capital.
La source: CNBC - 🏆 12. / 72 Lire la suite »