Moneyball is a 2011 movie based of Michael Lewis’ book that details the Oakland Athletics baseball team and their 2002 season managed by Billy Beane (played by Brad Pitt). The team has one of the smallest budgets in the league, which prompts Beane to enlist a young Yale economics graduate to use data and analytics to build his new and unusual team. After a wildly successful season for the usually poor-performing Athletics, people recognize his conviction and the success of his strategy using undervalued players. Along with many valuable lessons on business, Moneyball also provides useful insights on executing a strategic plan, leadership and creating change.
Image from public domain via Pixabay
A few months ago, I was talking to some friends about the importance of soft skills over hard skills. We discussed whether emotional intelligence, presentation, coordination and negotiation skills trump hard, numerical, quantitative skills. Naturally, if you put together a bunch of college kids that are wildly insecure about their independent inadequacies, a conversation like that is bound to lose its substance and end up a painful ego match.
Image: Public Domain Pixbay
You probably understand the benefits of strategic planning for the purposes of getting more effective execution on your action plans moving forward, but have you considered the impact of your strategy and culture on the retention of your staff?
As culture becomes a more central part of organizations like Southwest, Zappos and other successes big and small, there is also a negative aspect to a culture that can have a direct impact on your bottom line.
Understanding what might be going inside your organization means looking under the surface of your P&L (profit and loss), employee reviews and HR department. Let's take a look at strategy and culture together, and while we do, think about your organization and examples of how this might be represented within your team.