The Conference Board’s Paul Washington and Thomas Singer find that, in the last five years, the number of companies with purpose statements has almost tripled. They stress that choosing a purpose is not to be undertaken lightly. To help businesses avoid the pitfalls of purpose and capitalize on the benefits, the authors offer practical guidance rooted in research.
Teppo Felin, Alfonso Gambardella, and Todd Zenger argue that managers and entrepreneurs should develop their own theory of value. They present Value Lab, a tool which provides the framework to help businesses create such theories. Their purpose is to help startups and established firms to be more scientific and experimental in creating new value.
Putting a new strategy into effect is always difficult. Andrew
Campbell and Mikel Gutierrez provide a practical solution to
designing the necessary changes: the Operating Model Canvas.
They describe how they applied it to the merger between Siemens
and Gamesa, demonstrating how this framework, along with its
supporting tools, can help leaders to design changes in their
organization and operations.