Engineering Success: Growth for a Company and Its People

Fairbanks Morse Engine is an engineering company known for its diesel and dual-fuel engine technology and manufacturing. It serves power companies, the U.S Navy and the U.S. Coast Guard.  As important to the company as profits: human development. In 2014, the company’s president, Marvin Riley, noted that the organization wasn’t developing its 500 employees as quickly as it should.... CONTINUE READING

Beyond Strategy: Three Steps Toward Execution

By Scott A. Snell and Kenneth J. Carrig and Aki Onozuka ,

The proceeding is a follow-up to “Beyond Strategy: Three Lessons and Four Ingredients of Execution” which appeared on Ideas to Action in September 2015.  We view enhancing execution capability in terms of a three-step process. Recall that our overriding priorities are to (1) profile businesses in ways that are usable by the senior team, (2) do so using operational data currently... CONTINUE READING

Three Things: How to Inspire Others

Leaders are expected to inspire others. But how does one induce something as intangible as inspiration? The answer: by performing a specific set of behaviors. Leaders need to actually care about their causes, make their messages personally relevant to their followers and support others by making sure the right people are in the right roles. In this Three Things video, Darden Professor... CONTINUE READING

The Emerging Power of the Entrepreneurial Method

By Saras D. Sarasvathy and Carlos Santos

The entrepreneurial method, like the scientific method, will fundamentally change the world and is well on its way to doing so, says Darden Professor Saras Sarasvathy. “In 1620, Francis Bacon published Novum Organum, a book that explained the scientific method as the best way to understand the universe,” she says. “With the entrepreneurial method, we are at a similar stage in... CONTINUE READING

A Hypothesis Test at Vungle: Harness the Data Jungle

San Francisco-based advertising company Vungle provides a platform that embeds short video advertisements in mobile apps. Every month, more than 100 million people view a Vungle ad. In 2014, the company was faced with a decision: It had a new algorithm that would use historical information to calculate what ad to show users, but implementing it would be expensive. Leadership had to be sure... CONTINUE READING

Beyond Strategy: Three Lessons and Four Ingredients of Execution

By Scott A. Snell and Kenneth J. Carrig and Aki Onozuka ,

A couple of years ago, during a strategic review process at SunTrust, our analysis of the banking financial services industry revealed something very interesting: Strategy alone did not differentiate high- from low-performing firms. The true differentiator between winners and losers turned out to be how well the strategy was executed. The data on this were fairly compelling, and it turns out... CONTINUE READING