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Anatomy of a healthy corporation
Executives generally appreciate the importance of monitoring the underlying health of their companies and of taking action to improve it. Impeded by a variety of cognitive and other traps, however, they seldom practice what they preach.The challenge is to embed healthy thinking at all levels of the organization. The first step is to understand the attributes of a healthy company—in our experience, one that shows resilience to shocks, executes well, aligns employees around a common purpose, focuses on renewal, and ensures that its practices complement one another.Businesses can work toward this elusive goal by regularly analyzing the way they allocate resources, striking a balance among different types of initiatives, developing appropriate metrics to test their health, adapting their core processes, and reinforcing healthy attitudes through performance contracts.
Articles provided by The McKinsey Quarterly
© 1992-2003 McKinsey & Company, Inc
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