One skill distinguishes the effective CEO: the ability to make disciplined and integrated choices.
by A.G. Lafley and Roger Martin, with Jennifer Riel
Sorry for the lapse over the past two weeks. Took some time off!!
This is a great article that I strongly suggest you read. The following is just one topic that is discussed.
The Strategic Choice Cascade at Procter and GambleTo instill intellectual integrity throughout a company—as opposed to leaving its development to chance—some kind of explicit, ongoing decision-making process is needed. At Procter & Gamble, the method we used was known as the strategic choice cascade. Each year, we asked hundreds of company leaders, at all levels, to develop choices explicitly using this framework. The cascade consisted of five interdependent choices (see Exhibit). We said explicitly that none of these choices should be treated as “silver bullets” to solve short-range problems. Nor could they be made in isolation from each other.