Manager Effectiveness: Are Your Managers Equipped to Execute Strategy Today?
Jan 24, 2024
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Deidre Paknad, WorkBoard CEO, discusses the signs of unprepared managers in a dynamic world. Managers need to exhibit effective behaviors, adapt to continuous change, and lead strategy execution. Equipping managers with tools like OKRs and generative AI helps drive performance.
Equipping managers with tools like OKRs, multiplayer scorecards, and generative AI drives performance and aligns work with strategic outcomes.
Deep dives
Importance of Equipping Managers for Strategy Execution
The podcast episode emphasizes the crucial role of managers in effectively executing business strategies. It highlights that many CEOs express frustration when their strategies fail to be translated and mobilized by middle management. Effective managers create strategic clarity, operational focus, and deliver results efficiently. The episode argues that when managers are energized and mobilized, the organization becomes more successful. It also discusses the value of managerial behaviors, such as translating strategy into action and driving operational focus, in achieving higher total shareholder return.
Need for a Shift in Managerial Mindset
The podcast highlights the changing landscape of the business world, moving from episodic change to continuous and escalating change. In this environment, managers need to lead in a way that embraces learning, adaptation, and iteration. The episode stresses the importance of equipping managers with tools like OKRs (Objectives and Key Results), multiplayer scorecards, and generative AI to drive performance, align work with strategic outcomes, and provide the data and transparency needed for effective decision-making. It emphasizes the need for a performance culture that combines accountability with ambition.
The Role of Generative AI and Workboard in Managerial Success
The podcast discusses the significance of generative AI and tools like Workboard in empowering managers to excel in their roles. Generative AI can help managers align strategic priorities, measure performance, and adapt to change quickly. By automating administrative tasks and providing real-time visibility into team results, generative AI frees up managers to focus on strategic thinking and execution. The episode emphasizes that equipping managers with Workboard and generative AI enables them to create transparency, foster cross-functional collaboration, and drive accountability for business outcomes.
Your CEO wants a performance culture, but are your managers prepared to be effective in a super dynamic world? In this episode, WorkBoard CEO Deidre Paknad shares what’s changed and the signs that your managers may not be prepared to succeed.
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