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Article
Publication date: 5 July 2011

Stephen Denning

Too often top management focuses primarily on inputs and outputs of the firm, but has little daily information about whether customers are being frustrated, satisfied or

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Abstract

Purpose

Too often top management focuses primarily on inputs and outputs of the firm, but has little daily information about whether customers are being frustrated, satisfied or delighted. However, one of the most critical pieces of information about the future health of an organization concerns the results of what the firm does for its customers, are they delighted or frustrated? This paper aims to address this issue.

Design/methodology/approach

The paper discusses six tools that can measure how well the firm is delivering customer value and satisfaction.

Findings

The measurement of outcomes and customer delight thus requires more than the adoption of a new set of terminologies and tools. It is a different way of thinking, speaking and acting in the workplace.

Practical implications

Ultimately the tools and the methodologies are less important than the internal conversations surrounding them. This dialog enables the managers and the people doing the work to get inside the mind of customers and focus on what might delight them, and to track whether that is being accomplished.

Originality/value

For those organizations that are learning to thrive in the new era of customer capitalism and have committed themselves to delighting their customers, tools like Net Promoter Score, user stories, value stream and cycle time measurement and social media offer the possibility of seeing what is happening to customer outcomes in real time.

Content available
Article
Publication date: 1 July 2003

Daniel W. Churchill

206

Abstract

Details

Journal of Consumer Marketing, vol. 20 no. 4
Type: Research Article
ISSN: 0736-3761

Keywords

Article
Publication date: 8 August 2022

Stephen Denning

Investors balked when JP Morgan Chase bank planned to spend heavily on technology. They understood that to succeed in digital, JPM needs to base its strategy on what unique…

Abstract

Purpose

Investors balked when JP Morgan Chase bank planned to spend heavily on technology. They understood that to succeed in digital, JPM needs to base its strategy on what unique benefits customers will get now and in the future from its digital banking services.

Design/methodology/approach

JPM must rethink how banking can be re-invented to improve customers’ lives, using the new capabilities of digital.

Findings

Because of its lack of a customer focus, JPM’s market capitalization is not only growing more slowly than the tech giants, it is growing even more slowly even than the average S%P 500 company.

Practical/implications

The lesson is that companies with a customer primacy mission statement and a supporting, well designed investment strategy, out perform their peers.

Originality/value

The article links customer primacy mission statements, future oriented tech investment strategies and successful corporate growth.

Details

Strategy & Leadership, vol. 50 no. 6
Type: Research Article
ISSN: 1087-8572

Content available
Article
Publication date: 5 July 2011

Catherine Gorrell

568

Abstract

Details

Strategy & Leadership, vol. 39 no. 4
Type: Research Article
ISSN: 1087-8572

Article
Publication date: 30 August 2013

Stephen Denning

The author adds six books to a cannon of books that together delineate the emerging practice and theory of radical management.

813

Abstract

Purpose

The author adds six books to a cannon of books that together delineate the emerging practice and theory of radical management.

Design/methodology/approach

The author identifies the mismatch between modern business' need to achieve continuous innovation in product development and service delivery and traditional, hierarchical management.

Findings

The paradigm shift to radical management involves not merely the application of new technology or a simple set of fixes or adjustments to hierarchical bureaucracy. It means basic change in the way people think, talk and act in the workplace–including changes in attitudes, values, habits and beliefs.

Practical implications

This masterclass shows how the paradigm shift in leadership and management can generate dramatic reductions in cost, size, and time, and improvements in convenience, reliability and personalization, of products and services.

Originality/value

This masterclass defines the principles authors need to follow to successfully prescribe useful approaches and best practices for surviving and thriving the management revolution in the creative economy.

Details

Strategy & Leadership, vol. 41 no. 5
Type: Research Article
ISSN: 1087-8572

Keywords

Content available
Article
Publication date: 5 July 2011

Robert M. Randall

491

Abstract

Details

Strategy & Leadership, vol. 39 no. 4
Type: Research Article
ISSN: 1087-8572

Article
Publication date: 8 March 2011

Stephen Denning

The author believes that business leaders and writers are increasingly exploring a fundamental rethinking of the basic tenets of management. This paper aims to address this issue.

3947

Abstract

Purpose

The author believes that business leaders and writers are increasingly exploring a fundamental rethinking of the basic tenets of management. This paper aims to address this issue.

Design/methodology/approach

The paper analyzes five shifts: the firm's goal (a shift from inside‐out to outside‐in); role of managers (a shift from controller to enabler); mode of coordination (from command and control to dynamic linking); values practiced (a shift from value to values); and communications (a shift from command to conversation).

Findings

Among the most important changes being proposed are five basic shifts in management practice.

Research limitations/implications

This paper offers a creative analysis of current business thinking.

Practical implications

The raison d'être of the firm shifts from reducing transaction costs to scalable collaboration, learning and innovation.

Originality/value

By adopting a people‐centered goal, a people‐centered role for managers, a people‐centered coordination mechanism, people‐centered values and people‐centered communication the leaders of a firm can focus on the people who are its customers.

Details

Strategy & Leadership, vol. 39 no. 2
Type: Research Article
ISSN: 1087-8572

Keywords

Article
Publication date: 18 October 2011

E. Isaac Mostovicz, Nada K. Kakabadse and Andrew Kakabadse

This paper aims to examine current research trends into corporate governance and to propose a different dynamic, humanistic approach based on individual purpose, values and

4305

Abstract

Purpose

This paper aims to examine current research trends into corporate governance and to propose a different dynamic, humanistic approach based on individual purpose, values and psychology.

Design/methodology/approach

The paper reviews selected literature to analyse the assumptions behind research into corporate governance and uses a multi‐disciplinary body of literature to present a different theoretical approach based at the level of the individual rather than the organisation.

Findings

The paper shows how the current recommendations of the corporate governance research models could backfire and lead to individual actions that are destructive when implemented in practice. This claim is based on identifying the hidden assumptions behind the principal‐agent model in corporate governance, such as the Hobbesian view and the Homo Economicus approach. It argues against the axiomatic view that shareholders are the owners of the company, and it questions the way in which managers are assessed based either on the corporate share price (the shareholder view) or on a confusing set of measures which include more stakeholders (the stakeholder view), and shows how such a yardstick can be demotivating and put the corporation in danger. The paper proposes a humanistic, psychological approach that uses the individual manager as a unit of analysis instead of the corporation and illustrates how such an approach can help to build better governance.

Research limitations/implications

The paper's limited scope can only outline a conceptual framework, but does not enter into detailed operationalisation.

Practical implications

The paper illustrates the challenges in applying the proposed framework into practice.

Originality/value

The paper calls for the use of an alternative unit of analysis, the manager, and for a dynamic and humanistic approach which encompasses the entirety of a person's cognition, including emotional and spiritual values, and which is as of yet usually not to be found in the corporate governance literature.

Details

Corporate Governance: The international journal of business in society, vol. 11 no. 5
Type: Research Article
ISSN: 1472-0701

Keywords

Article
Publication date: 1 February 2013

Nada K. Kakabadse, Andrew Kakabadse, Alexander Kouzmin and Yvon Pesqueux

The purpose of this paper is to examine the critical assumptions lying behind the Anglo American model of corporate governance.

Abstract

Purpose

The purpose of this paper is to examine the critical assumptions lying behind the Anglo American model of corporate governance.

Design/methodology/approach

Literature review examining the concept of a nexus of contracts underpinning agency theory which, it is argued, act as the platform for neo‐liberal corporate governance focusing on shareholder wealth creation.

Findings

The paper highlights the unaddressed critical challenge of why eighteenth century ownership structures are readily adopted in the twenty‐first century.

Social implications

A re‐examination of wealth creation and wealth redistribution.

Originality/value

The paper is highly original due to the fact that few contributions have been made in the area of rethinking shareholder value.

Details

Society and Business Review, vol. 8 no. 1
Type: Research Article
ISSN: 1746-5680

Keywords

Article
Publication date: 16 March 2015

Stephen Denning

Believing that the goal of maximizing shareholder value as reflected in the stock price and the management methods of hierarchical bureaucracy combine to cripple the capacity of…

1645

Abstract

Purpose

Believing that the goal of maximizing shareholder value as reflected in the stock price and the management methods of hierarchical bureaucracy combine to cripple the capacity of the firm to innovate, the author offers a new management model.

Design/methodology/approach

Assuming that the goal of the change process is to foster continuous innovation of products and processes to serve customer needs, the author lays out a roadmap for leaders seeking to move beyond maximizing shareholder value and re-engineering bureaucracy.

Findings

Any new management model should align with the concept that the best way to serve shareholders’ interests is to deliver value to customers.

Practical implications

Practices like self-organizing teams, platforms, networks and ecosystems enhance and magnify the value of what employees themselves want to do. Instead of hierarchical management having an adversarial relationship with employees, managers can have a collaborative trusting relationship where institutional and personal goals coincide.

Originality/value

The article offers leaders a rationale for instituting a combination of managerial, social and political approaches, with change platforms that are allied to an inspiring social and political change movement.

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