For Better Leadership Management, Read Strategy Realized — The Business Hierarchy Of Needs ®-Turning

Every company needs to be goal-oriented with clear targets and objectives. An organization must have goals, aims, and dreams because they enable it to reach its highest potential for development and success. Also, it is essential for the company’s management to embrace the aspect of strategic planning, given all the qualities and ethics that must be developed and followed.

Jim Gitney’s corporate success book, "Strategy Realized — The Business Hierarchy of Needs ®-Turning Strategy into Results," talks extensively about change management and using a tried-and-true method for switching from a present company model to a future business model. While this methodology may be used for any company’s strategy implementation, at his consulting company, Group50® Consulting, he applies the ideas from the book to every project, resulting in hundreds of millions of dollars in savings for our clients. They believe it is particularly relevant to revamping a business due to a merger, reorganization, or inflection point. Both relevant examples are starting a new business and getting it off the ground. We shall go into detail about it in this article.

Initially, restructuring is crucial for all businesses. Because a firm may need to be reformed when even the best-laid ideas fail, a Most Important Objective that assesses the accomplishment of the restructuring effort should serve as the strategy’s driving force. Here, the Business Hierarchy of Needs® is applicable in its entirety. Because people are more affected by the restructuring approach and are expected to change their behavior considerably, Level 2 assumes a disproportionately large role in this strategy. They must make difficult choices regarding the restructuring of the company.

However, mergers and acquisitions must realize the increased value envisioned in the deal. According to several research, up to 80% of mergers and acquisitions fail to generate the expected added value. The leading causes of this outcome are the ineffective fusion of various company strategies, cultures, people, markets, products, and operating systems. The Business Hierarchy of Needs® offers a framework for developing a coordinated strategy for fusing the entities, formulating a Most Important Objective, and gaining agreement and alignment on carefully thought-out tactics that create one culture while dramatically increasing value.

Also, he talks about the significance of inflection points and how the Business Hierarchy of Needs® is once again an essential tool for predicting the future state of the firm and positioning it to grow by double. Thus, read Jim Gitney’s book "Strategy Realized — The Business Hierarchy of Needs ®-Turning Strategy into Results" to learn about leadership management in your corporate culture. Business leaders should read Strategy Realized — The Business Hierarchy of Needs® — Converting Strategy Into Outcomes if they tire of working the same way and falling short of their objectives. It will inspire you to push yourself and give you some valuable pointers for gradually building a solid and steady business life. It also provides a guide for creating and implementing strategy while attending to the needs of the current business environment and organizations in the wake of the pandemic.

During my 45 years of corporate and consulting experience with companies ranging from start-ups to Fortune 50, I have learned what to do and what should never be done from some of the best and worst leaders.