A Powerful Strategy Tool Part 4 of 4 To read the previous posts,Windows 7 Professional Key,24.99$ for Windows 7 Product Key Sale click on the links below: The Profound Importance of Challenges (Part 1 of 4) by Alph Bingham and Dwayne Spradlin Too often organizations measure their innovation success by % of sales spenton R how many patents they own, or whether the leading academicsin their fields are on retainer. However, in today's economy, theseshould all matter much less to the management of the organization or tothe shareholders than whether they can get a new product to marketbefore the competition and dominate the category or whetherresources are being managed to ensure the firm can aggressively pursuenew business opportunities when they emerge. Too many organizations struggle to even clearly define their problems andgoals, much less to innovate with the precision and efficiency neededto compete in the world today. Whether building better businessprocesses or designing new technologies to dominate a market, traditionalbusiness practices are no longer sufficient. Nowhere is thistruer than in large corporations where years of accumulated standardoperating procedures, poorly aligned incentives, ever-increasingbureaucracy, and entrenched culture work together to ensure thatincreasingly expensive and mediocre innovation is the best they cando. Well-constructed "challenges"are an astonishingly powerful and uniquely effective tool forfocusing the energies of multitudes of creative, inventive, talentedaudiences on the important problems facing organizations, nations, and the planet on which we live. These audiences can be employees, customers, partners, and a planet of resources. High-level strategiesshould be meticulously defined in the language of Challenges, which may be further decomposed as needed. Similarly, new initiativesin lower levels of the organization should be articulated as Challenges, presumably in support of high-level business strategies. By applying adiscipline and a rigor, Challenges drive a richer understanding of thebusiness and bring clarity to the prioritization process. Poorly definedChallenges are not likely to support key business strategies. By institutionalizingthis approach at all levels of the organization, businesses maybetter tie activities to strategic goals and in the process foster the developmentof improved administration and problem solving across theorganization. Again, use of a challenge-based approach is good managementpractice in any event, but should be viewed most importantly as apowerful discipline that enables more effective and open businessrather than simply a cost-effective approach to solving problems. The transformational change isaccomplished through the remaking of the organization into theChallenge Driven Enterprise, where the most difficult problems canbe solved, effort is aligned with strategic goals, all talent inside andoutside of the organization is brought to bear to deliver on the mission, and sustained performance improvement is possible. Strategy is composed by selecting key objectives, formulating them as challenges and distributingthose Challenges through the channels most effective in producing the desiredresults.Replica Audemars Piguet Watches In this fashion, the business is modularized and made not only portablebut highly adaptable to new environments and new changing business realities. A great number of behaviors and competencies will describe theChallenge Driven Enterprise, but three in particular distinguish thisform from most existing businesses: • "Open" Business Model: Businesses focus their attention ontheir true core competencies, orchestration and strategy, todeliver against their missions. Theformation of new businesses and entrants naturally utilizethese principles. Established firms must adapt to competeeffectively. • Talent Management: Think strategic virtual HumanResource Management. Businesses not only understand, butembrace key trends such as globalization, social networking, generational shifts, and project based work. Further, theyrecognize the importance of engagement with all their communitiesand the whole world to drive new ideas, productdevelopment, innovation, and even production capacity. This21st-century evolution of HR makes it more strategic than everbefore and vital to the success of the business. • Challenge Culture: Challenges are integrated into the cultureat all levels and in all functions. The needs and barriersare well-articulated and, where possible, portable. Executives, managers, and team members are trained and empowered toidentify critical problems and issues and to systematically managethese Challenges through to closure for the benefit ofshareholders. They can be tackled internally or externally asconditions best dictate. Challenge cultures care only that problemsare solved. Who solves them and how is secondary toadvancing the business mission every day. Politics, NIH, andbureaucracy are not tolerated and eliminated as inefficient andwasteful. Transparency, process integrity, and measurementare vital and hold accountable all significant projects, initiatives, and investments. Recognition, reward,Cheap Windows 7 Activation Key,23.99$ for Windows 7 Key and promotionsystems are aligned. It provides an outstandingexample of the power of this approachand provides anexcellent glimpse into the future. Meanwhile, new firms such as Top-Coder, LiveOps, and InnoCentive are emerging that enable many ofthese principles. And they are already helping toredefine competitiveness for hundreds of the world's top companies.