Strategies, decisions, choices, visions, implementation. These concepts are found in every organization’s vocabulary. However, not all organizations understand the full meaning of the terms, thus resulting a series of unsatisfactory outcomes. Richard Rumelt, in his book Good Strategy / Bad Strategy, talks about the way leaders of organizations misinterpret the meaning of strategy: “Leaders are misleading people (…) They are using this word, this concept, and are not delivering on it.” It is crucial to comprehend the terms and separate them in order to successfully develop and implement an idea in an organization.
The subject of the book Moneyball: The art of winning an unfair game, written by Michael Lewis and published in 2003, revolves around the Oakland Athletics baseball team and its manager, Billy Beane. In 2011, a film based on the book was released, starring Brad Pitt. Whether you have read the book or seen the movie, the message you must have stumbled upon is the same: Moneyball delivers a business lesson. You have to know your limits, establish your objectives and create business strategy to attain your goals.
“There are no secrets to success. It is the result of preparation, hard work, and learning from failure.” (Colin Powell)
What FINAO stands for? It is an acronym for Failure Is Not An Option. In the military or in hospitals, indeed failure cannot be an option because there are so many lives depending on every decision.
Raouf Mhenni, General Manager Middle East & Africa at HR Access gave a presentation with focus on effective decision making as part of the second day of the HR Summit and Expo 2012 in Dubai, UAE.
Deepak Gupta, Managing Director – Middle East at PDI Ninth House moderated a panel discussion with focus on leadership development as part of the second day of the HR Summit and Expo 2012.
