Inclusion is not enough: New study reveals the potential of coaching employees to drive new strategic ideas
2024-05-13
(Press-News.org)
In the landscape of modern business, inclusion isn't just a buzzword - it's a strategic imperative. Companies like IBM, Volkswagen and Starbucks are moving to more participative strategy development approaches that reflect a growing understanding of the importance of diversity in fostering innovative and creative strategic ideas. Yet the outcomes of inclusive strategy processes often fall short of expectations. A new study in the Strategic Management Journal sheds light on why that may be.
In their study of an inclusive strategy process in a large insurance company, Violetta Splitter, along with co-authors David Seidl and Richard Whittington, showcase the transformative potential of inclusion in strategy development processes. In their study, 40 mid- and lower-level managers and professionals were invited to participate in a 20-week strategy development process. Their task was to submit concepts for a fresh strategic plan aimed at gaining investor confidence and employee support. The result? An increase of three percentage points in the company’s share price – an $18bn increase in market capitalization.
Yet getting there wasn’t easy. Despite initial enthusiasm from senior management, the first few weeks of the process were plagued by frustration, as employees failed to pitch ideas in a manner that the CEO and top managers could work with. At the heart of the issue was that employees, inexperienced with corporate strategy-level communication, defaulted to reiterating corporate themes that the CEO was already familiar with, or else spoke about local concerns that did not connect coherently to strategic goals.
Yet, as the weeks went by, a significant change took place. As employees engaged in direct interactions with the CEO, or observed their peers interacting with the CEO, they gradually honed their ability to express ideas in ways that held the CEO’s attention in meaningful ways. Notably, the most productive interactions took place when the CEO actively and specifically coached employees on how to shape their ideas, such as pointing out missing themes, or explicitly indicating how to relate different themes to each other.
The study provides important insight into how inclusive strategies must prioritize opportunities for both employee development and managerial coaching. "The findings underscore the imperative for senior managers to actively engage in coaching and provide avenues for employee learning," emphasize the authors. "By fostering a culture of inclusive discourse, organizations can unlock untapped potential for innovative strategic ideas."
Please click here to read the full study in the Strategic Management Journal.
About the Strategic Management Society
The Strategic Management Society (SMS) is the leading global member organization fostering and supporting rigorous and practice-engaged strategic management research. SMS enjoys the support of 3,000 members, representing more than 1,100 institutions and companies in more than 70 countries. SMS publishes three leading academic journals in partnership with Wiley: Strategic Management Journal, Strategic Entrepreneurship Journal, and Global Strategy Journal. These journals publish top-quality work applicable to researchers and practitioners with complementary access for all SMS Members. The SMS Explorer offers the latest insights and takeaways from the SMS Journals for business practitioners, consultants, and academics.
Click here to subscribe to the monthly SMS Explorer newsletter.
Click here to learn more about the programs and opportunities SMS has to offer.
END
ELSE PRESS RELEASES FROM THIS DATE:
2024-05-13
DARIEN, IL — In a new research commentary, the Artificial Intelligence in Sleep Medicine Committee of the American Academy of Sleep Medicine highlights how artificial intelligence stands on the threshold of making monumental contributions to the field of sleep medicine. Through a strategic analysis, the committee examined advancements in AI within sleep medicine and spotlighted its potential in revolutionizing care in three critical areas: clinical applications, lifestyle management, and population health. The committee also reviewed barriers and challenges associated with using AI-enabled technologies.
“AI ...
2024-05-13
BOSTON - (May 13, 2024) Severe traumatic brain injury (TBI) is a major cause of hospitalizations and deaths around the world, affecting more than five million people each year. Predicting outcomes following a brain injury can be challenging, yet families are asked to make decisions about continuing or withdrawing life-sustaining treatment within days of injury.
In a new study, Mass General Brigham investigators analyzed potential clinical outcomes for TBI patients enrolled in the Transforming Research and Clinical Knowledge in TBI (TRACK-TBI) study for whom life support was withdrawn. The investigators found that some patients for whom ...
2024-05-13
WASHINGTON (March 13, 2024)-Harsh political rhetoric about immigrants and anti-immigrant actions can damage parent-child relationships in Latino families and in turn lead to a significant increase in mental health problems for the kids in those families, according to a study published today in JAMA Pediatrics.
“Our research suggests that restrictive immigration policies and harsh rhetoric about immigrants can harm Latino and Latina adolescents,” said Kathleen Roche, lead author of the study and professor ...
2024-05-13
About The Study: Cardiovascular biomarkers were strongly associated with fatal and nonfatal cardiovascular events and mortality. The addition of biomarkers to established risk factors led to only a small improvement in risk prediction metrics for atherosclerotic cardiovascular disease, but was more favorable for heart failure and mortality.
Corresponding Author: To contact the corresponding author, Johannes Tobias Neumann, M.D., Ph.D., email j.neumann@uke.de.
To access the embargoed study: Visit our For The Media website at this link https://media.jamanetwork.com/
(doi:10.1001/jama.2024.5596)
Editor’s Note: Please see the ...
2024-05-13
Dispensing abortion pills through the mail works as well as requiring patients to get them in person from a clinic or doctor’s office, according to new research from UC San Francisco, which comes as the Supreme Court is considering whether to disallow the practice.
Researchers found that using a mail-order pharmacy to deliver the drugs after an in-person assessment was both safe and effective, and patients appreciated the privacy and convenience of receiving their abortion medication that way.
“The ...
2024-05-13
About The Study: In this cohort study of Medicare beneficiaries across all 3,436 hospital service areas (HSAs), high levels of telehealth use were associated with more clinician encounters, more ambulatory care–sensitive hospitalizations, and higher total health care costs. COVID-19 cases were still high during the period of study, which suggests that these findings partially reflect a higher capacity for providing health services in HSAs with higher telehealth intensity than other HSAs.
Corresponding Author: To contact the corresponding author, Sara Parker-Lue, Ph.D., ...
2024-05-13
About The Study: The findings of this cohort study indicate that mail-order pharmacy dispensing of mifepristone for medication abortion was effective, acceptable to patients, and feasible, with a low prevalence of serious adverse events. This care model should be expanded to improve access to medication abortion services.
Corresponding Author: To contact the corresponding author, Daniel Grossman, M.D., email daniel.grossman@ucsf.edu.
To access the embargoed study: Visit our For The Media website at this link https://media.jamanetwork.com/
(doi:10.1001/jamainternmed.2024.1476)
Editor’s Note: Please ...
2024-05-13
An ambitious, nationwide clinical trial led by UVA Health’s Karen Johnston, MD, has provided doctors with long-needed insights into the importance of managing stroke patients’ blood sugar after treatment with clot-busting therapy. The findings will help improve stroke care and save lives.
The SHINE trial, funded by the National Institutes of Health’s National Institute of Neurological Disorders and Stroke (grant U01 NS069498), was conducted at UVA Health and 69 other hospitals around ...
2024-05-13
Lisbon, Portugal – 13 May 2024: Even though mortality and hospitalisation rates have improved, the quality of life for those living with hypertrophic cardiomyopathy (HCM) can be compromised with limiting symptoms such as exertional dyspnoea and decreased exercise capacity. A major cause of this in HCM patients is left ventricular outflow tract (LVOT) obstruction, which results in elevated intracardiac pressures. This study demonstrated that aficamten enhanced HCM patients’ exercise capacity with significant improvement in peak oxygen uptake (pVO2), improvement in limiting symptoms, and decreases in LVOT pressure gradients. The late breaking research ...
2024-05-13
In a recent study published in the multidisciplinary academic journal Science Bulletin, a semi-monthly high-caliber peer-reviewed research outlet covering a broad range of natural sciences and high-tech fields, researchers from the Nano Life Science Institute (WPI-NanoLSI) at Kanazawa University utilized hopping probe scanning ion conductance microscopy (HPICM) and highly sensitive platinum-functionalized nanoelectrodes to conduct an in-depth investigation of the dynamic response of individual living colorectal cancer Caco-2 cells to changes ...
LAST 30 PRESS RELEASES:
[Press-News.org] Inclusion is not enough: New study reveals the potential of coaching employees to drive new strategic ideas
