Becoming a Better Value Creator: How to Improve the Company's Bottom Line--and Your Own

CHAPTER SUMMARY

This chapter covered the three remaining secrets of successful value creators: gaining a deep understanding of strategy, developing measures of success, and mastering speed. If you have a deep understanding of your organization's strategy, you will be able to summarize in three bullet points or less what your strategy is, what key value driver in the business it is tied to, and how it distinguishes your organization from competitors. Moreover, you will have a personal strategy that focuses your attention on what is most likely to make you successful, as well as personal measures of success that assess genuine value creation and keep you from falling prey to sunflower management. To master speed, an organization must develop the ...