The Five Steps to Better Decisions

Decisions are the coin of the realm in business. No company can reach its full potential unless it makes good decisions quickly and consistently and then implements them effectively. For more than 25 years, the three authors have consulted to organizations of all sorts and noticed all these organizations share one consistent trait: when they focus explicitly on decisions, they improve their performance. This article … [ Read more ]

How to Have Fewer, Better Meetings

Meetings can be the bane of corporate life. Yet meetings are essential to effective decision making and execution and thus to business results. The companies that are best at decisions have learned to manage meetings as carefully as they manage any other part of their businesses. It’s a three-step program.

How Group Dynamics Affect Decisions

Group dynamics can lead otherwise sensible individuals to make (or agree to) decisions they might not come to on their own. Executives need to be on the lookout for group biases and their undesirable results. Here are four common manifestations of the “group effect” and some suggestions for countering them.

Building a Winning Culture

Why has Dell been consistently successful over the past decade? Aside from the operational discipline and talented people, Dell founder Michael Dell and CEO Kevin Rollins cites their success on “years and years of DNA development that is not replicable outside the company.” In a word: culture. Culture can be the glue that holds an organization together and leverages it well into the future. Find … [ Read more ]

The decision-driven organization

An effective organization is vital to success. Yet, Bain & Company research shows that only 15% of companies have an organization that helps them outperform. What separates the winners is the ability to make the most important decisions well-and then to make them happen. The key is not structure but rather an integrated organizational system that aligns five vital attributes-leadership, accountability, people, frontline execution and … [ Read more ]

The Seven Habits Of An Effective Board

Rarely have corporate directors faced such a deep and widespread erosion of public trust. What can directors do to affirm their role, drive board effectiveness and reclaim control over their own agenda? They can start by holding up a mirror to their own board performance, as measured against the “seven habits of an effective board.”

Editor’s Note: a slightly longer version of this article can … [ Read more ]

Making Change Stick

About half of the 223 executives who responded to a recent Bain & Company survey on organizational issues said their companies fell short on the essential capabilities necessary for a turnaround. But some companies do beat the average and bring about sustained improvement. When we studied 21 of the most impressive transformations of recent years, we found four principles underlying success.

Drivers of Success in Services

The best professional services companies understand that their people are their only products, and that strong performance requires getting top talent to act instinctively in ways that always promote the company’s strategy, according to a new study by Bain & Company.

Putting Your Leaders Where It Counts

Companies that systematically and continuously put the right leaders in the right jobs outperform companies that don’t-by a wide margin. In this article, the authors argue that chief executives must recognize and act on the consequences of how they deploy their best managers.

Starring Roles

Good Leaders don’t grow on trees. All the more reason to nurture them carefully, say partners at Bain & Co.

Private Equity Disciplines for the Corporation

The secret to top private equity firms’ success lies not just in financial structuring, but increasingly in five managerial disciplines. The good news for corporations? These disciplines can, and do, apply to publicly held companies.

What the Future Holds

CEOs share their secrets, and speculations, on managing for the 25 years to come.

CEOs include:
CHRISTINE JACOBS | Theragenics
WILLIE DAVIS | All Pro Broadcasting
DOMENICO DE SOLE | Gucci Group
BILL HICKEY | Sealed Air
A.G. LAFLEY | Procter & Gamble
DICK KOVACEVICH | Wells Fargo
MAURY MYERS | Waste Management
PHILIP SATRE | Harrah’s
SIDNEY TAUREL | Eli Lilly & Co.
MICHAEL VOLKEMA | … [ Read more ]