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Leadership & Strategy

Boards: Choose a CEO for Long-Term Growth, Not Just a Turnaround

It seems a familiar story these days—a company on rocky ground for a few quarters suddenly finds itself rudderless as the chief executive is let go or departs for greener pastures. In the resulting vacuum, the pressure to make an immediate hire can be intense. But companies are well served to think carefully about whether they truly need a "corporate savior" who can devise and carry out a turnaround strategy in short order, or whether a long-term leader is better suited to lead the company back to market success.

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5 Steps to Making Your Strategic Initiatives a Reality

According to Franklin Covey, one of the biggest reasons companies do not achieve their strategic objectives is because they have too many strategic initiatives going on at the same time. In this article, we will discuss how to go about choosing the strategic initiative that will have the most impact on your organization and provide you a time-tested and proven system for making your strategic vision a reality.

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Public Utility Company Exelon Shows Other Sectors and Firms How to Be Innovative

Businesswoman standing looking at marketing flowchart in desert setting

Exelon is a Chicago-based public utility—a traditional, conservative firm. But by some of the moves taking place lately under CEO Christopher Crane—including a new “intrapreneurship” initiative and a flirtation with entrepreneurs known as “Dancing with the Startups”—Exelon seems to be charting a course of reinvention that is unusual for such an old-line concern. And chiefs in other traditional verticals might want to take notice.

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Looking for Innovation? Focus on Your Existing Business First

The "corporate unicorn" of creative disruption has an allure, and there are certainly times when radical change is required. But while dramatic stories of disruption make great headlines, for far more organizations, innovation focused on achieving significant improvement in existing lines of business is a surer—and more profitable—bet for driving actual results.

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4 Ways to Build a More Creative Leadership Team

Cooperation is the strategic solution

Successfully growing your business requires that your leadership team be nimble enough to foresee future changes in your market, and smart enough to overcome challenges your business faces in the present. In both cases, having an executive team with a high creativity quotient will enable your organization to be better prepared to deal with these issues. Here are 4 techniques you can use to create and foster a more creative leadership team.

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