Colin Price on Organizational Health

In this video from the Management Innovation Exchange, McKinsey and Company's Colin Price highlights many of my own beliefs about what caused the Great Recession and what is needed to sustain businesses in the future.



Building a sustainable business isn't just about towing the financial bottom line. And competitive advantage, says Price, is about much more than productivity. In this video Price underscores three "elements" necessary for organizational health (read: organizational sustainability): alignment, execution, and renewal. Alignment is about tying the organization's objectives with what its employees actually believe about the business; execution is about translating ideas into realities; and renewal is about rapid and repeated innovation. I'd like to elaborate further upon each element discussed here in the coming week, but for now, enjoy Price's musings!