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Drive sustainable high performance through agility

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first_img 19SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr,Deedee Myers Deedee Myers is founder and CEO of DDJ Myers, Ltd. and co-founder of the Advancing Leadership Institute. For the past 20 years, she has been passionate about establishing and developing … Web: www.ddjmyers.com Details The cornerstone of competitive advantage and performance is the design of an organization. No matter how incisive and cunning your strategic plan is, an organization’s ability to reach its potential is jeopardized if the design, culture, and structure are not aligned.The alignment challenge is ongoing because of increased complexity, unpredictability, and instability of external environmental change. An organization design needs to be performance efficient today while embodying flexibility for the long-term unforeseen future.We have been researching and studying the components of sustainable high performance and share some observations for you to consider as you evaluate practices to evolve your organization for ongoing success.Traditional strategic planning focuses on creating stability in the conditions among an organization’s customers, its suppliers, competitors, and distributors or delivery channels. An agility framework is designed and constructed differently; each element and feature embeds flexibility as the foundational practice. The pieces are then aligned to support long-term adaptability with high performance.The agile organization has three common elements:1. Robust Strategy produces results regardless of the environment.Take advantage of momentary opportunities with the assumption that one single opportunity will not last forever, yet the profit generated exceeds the cost of change.A robust strategy does not minimize enduring traits and dynamics of the organization; it fully leverages them for an advantage.The agile organization moves with speed and elegance as its Board and CEO approve and orchestrate the change.Elements needed are a broad range of products and services supported with passion, urgency, enthusiasm, and engagement; and, a compelling competitive advantage in offerings, quality, service, and support.2. Adaptable Organization Design features maximum surface area, transparency in information flow, relevant and deft recruitment and talent management and rewards systems, and fluid decision-making.Promote a shared perspective on motivating and engaging employees.Implement clear and open information-sharing practices and processes for real-time communication.Use multiple reward and bonus practices aligned with the strategy and expectations. Each person understands how his or her contribution is meaningful and relevantly rewarded.Recruit employees who are quick learners and appreciate the change.Employees are self-accountable and conduct frequent goal-setting reviews.Use a talent management strategy wherein the employment contract states change is an expectation and a condition of employment.3. Shared Leadership and Organization Identity understand that any change effort requires more than a single leader and an aligned organization identity.Leadership is an organization capacity rather than an individual expectation, thereby maximizing the surface area.Share knowledge and spread power, empowerment, and accountability throughout the organization.Minimize with intent, top-down direction, and decision making.Create organization identity with intention. Integrate internal culture, external brand, image, and reputation.Proactively promote value-creating capacity and capabilities. Ongoing learning, including double-loop learning, generates current and future value.Integrate critical thinking, competency building, and capacity.Transforming an organization to be truly agile is not easy in the short term. People will readily accept some of the changes and resist others. We notice employees excited about understanding how their contribution connects to an objective, that their rewards are tied to individual performance, and the expectation to be self-accountable. However, getting to that excitement and understanding is a challenge, and once on the other side of the transformation, it makes the new practices worthwhile in sustaining an organization in a complex environment. Leadership alignment, in thought, words, and actions, is the most important factor of success.last_img read more

Addax extends FPSO Adoon charter

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first_imgNigeria-focused oil company Addax has extended the charter for the Yinson-owned FPSO Adoon.Yinson, a Malaysia-based provider of floating production units to the international oil and gas industry, on Tuesday said that the contract extension notice sent by Addax on October 19, will see the FPSO employed until January 16, 2019.The 1985-built vessel, moored at the Antan field offshore Nigeria, won its first contract with Addax in October 2006. After the original contract expired on October 16, 2014, it was extended for another year.After that, the contract was extended for another three years to October 16, 2018.Commenting on the latest extension, Yinson said: “The extension of contract on an interim basis is expected to contribute positively to the revenue and earnings of Yinson Group for the financial year ending 31 January 2019. The company will make appropriate announcement(s) to Bursa Malaysia Securities Berhad in relation to any material developments concerning the aforesaid extension.”last_img read more

Cricket News Gautam Gambhir likely to contest from New Delhi Lok Sabha Seat on BJP’s ticket: Sources

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first_imgNew Delhi: Gautam Gambhir, who retired from all forms of cricket during the Ranji Trophy encounter between Delhi and Hyderabad at the Feroz Shah Kotla stadium on December 2018, has apparently made a major political annuncement. According to sources, the left-handed batsman will apparently contest the New Delhi Lok Sabha seat on the BJP’s ticket. Gambhir has been vocal on plenty of issues ever since his retirement and he lashed out at the separatists in Kashmir during the Pulwama Terror attack which killed 40 CRPF jawans. “Yes, let’s talk with the separatists. Yes, let’s talk with Pakistan. But this time conversation can’t be on the table, it has to be in a battle ground. Enough is enough,” Gambhir said on his Twitter handle.During his final international match, many players posed with Gambhir and the left-hander said at that time, “I have always been honest with DDCA and I wanted to finish my career here. There were times when I had the option to play in other states. Loyalty is something which is important to me. I thought that wherever I started, I wanted to end there.” When asked about his future in administration, Gambhir had given an epic reply. “Too straight forward a person to be in administration. I don’t think people would accept me anywhere,” Gambhir said with his savage wit.Prime Minister Narendra Modi has lauded recently retired cricketer Gautam Gambhir for his contribution to the sport as well for his efforts to bring “positive difference in the lives of the lesser privileged”. PM Modi made a special mention of the contribution made by Gambhir during India’s triumphant campaign at the ICC World Twenty20 2007 and the ICC World Cup (50-over) in 2011.”Let me begin by congratulating you for your stupendous contribution to Indian sports! India will always be grateful to you for you memorable performances, many of which resulted in historic victories for our nation,” Modi wrote in the letter which was posted by Gambhir on his Twitter handle.Gambhir thanked the PM for his kind words.”Thanks @narendramodi @PMOIndia for the kind words. Nothing of this would have been possible without love and support of our fellow countrymen. All these deeds are dedicated to our country,” he said in the same tweet posted along with the letter. For all the Latest Sports News News, Cricket News News, Download News Nation Android and iOS Mobile Apps.last_img read more