Seven
Generic Components
of a Healthy
Company |
Strategy |
A daring, robust,
credible and adaptive
corporate strategy. |
Business Model |
Customer-focused
→
business model
based on
distinctive
→
corporate
capabilities and the
sustainable competitive advantage
of the firm |
Organization |
→
Winning,
→
balanced and
→
innovation-friendly
organization
|
People |
The ability to attract,
retain, develop,
→
inspire,
→
energize, and
→
empower
highly-performing
talent. |
Assets |
Productive,
well-maintained and well-focused assets |
Innovation |
Continuous
→
Innovation
systems,
technologies,
products, services,
processes, and
marketing. |
Positive Corporate Image |
A good reputation with
→
customers,
employees,
partners, investors, regulators, governments, and other
stakeholders. |
|
→
10 Rules
for Building a High-growth Business
|
What Makes a Healthy
Company?
→
The Tree of
Business Success
Thinking about health, as
opposed to long-term performance, helps
→
management teams
understand how to look after companies today in a way that will
ensure that they remain strong in the future. It focuses the mind on
what must be done today to deliver the outcome of
→
long-term performance.
"Most
companies are not focusing enough on managing the health of their
businesses.
There are several generic components of a healthy
company
a robust and
credible
strategy;
productive, well-maintained assets; innovative systems, structures,
products, services, and processes; a fine reputation with
customers, investors, regulators, governments, and other
stakeholders; and the ability to attract, retain, develop,
inspire
and
energize
high-performing talent," says
Ian
Davis1 from McKinsey.
Six
Distinct Ways
According to Healthy Companies
International2, a healthy company sets itself apart in
six distinct ways.
❶ A Healthy Company Lives a Higher
Purpose. The company views itself not just as a business,
but as a force working for the greater good. People understand
and embrace the
vision,
which is clear and inspiring. They have a zeal for fulfilling
the company's
mission,
and share a
passion
for exceeding customer expectations.
|