Key learning point:

A lofty aspiration (bhag/vision) without a management tool to turn it into concrete reality is only a dream.

Characteristics of an Effective Management Tool:

  • Produces results without bureaucracy
  • Delegates authority for the benefit of the enterprise
  • Clearly identifies individual accountabilities
  • Exposes and ejects mediocrity
  • Is a process rather than an event

Developing an Effective Management Tool:

  • Don’t just add, remove (develop a “stop doing” list)
  • Create, don’t copy (results, not activity)
  • Align rewards with objectives
  • Mold to fit the organization
  • Build an integrated management tool

Excerpts from: Turning Goals into Results: The Power of Catalytic Mechanism by Jim Collins, Harvard Business Review, July/August, 1999

Download this article as a PDF.  Download this article as a PDF.