Sam Keller's TEC Blog

Monday, June 28, 2010

How Do You Weigh Strategy, Execution, and Culture in an Organization's Success?

Recently, Harvard Business School Professor Jim Haskett asked this question of CEOs and Senior Managers - How Do You Weigh Strategy, Execution, and Culture in an Organization's Success?

To me, all three are important. A strategy without execution is nothing more than a document on the bookshelf. Execution of a poor strategy can be disastrous. Yet a solid culture is required for both the development of sound strategy and its execution.

So I would agree with the respondents who ventured to place weights on the determinants of success who gave the nod to culture. And those respondents did so by a wide margin.

So what do you think?

For a link to the study click here.

Friday, June 18, 2010

Health Care Reform - What You Should Know Right Now!

Before the health reform bill was passed, Nancy Pelosi famously said, "We need to pass this bill to find out what's in it". Now that the health reform and reconciliation bills were passed in late March (known, according to the Obama Administration, as the “Affordable Care Act” or “the Act” and enacted as P.L. 111-148 and 111-152, respectively) one thing is certain. The Affordable Care Act is massive, and upon studying its contents, the Act often generates more questions than answers. The Wisconsin law firm Whyte Hirschboeck Dudek has prepared a Special Report that focuses on 10 items that Wisconsin employers should know about the Act right now as health reform moves forward and likely evolves. The report suggests answers the following questions for business owners.
1. Is my company's Health Plan a “Grandfathered Health Plan?”
2. Am I a “Large” or “Small” Employer? What does than mean under the Act?
3. Are Wisconsin and Federal Initiatives to expand coverage to dependents in their early20s in conflict with each other?
4. Should I offer insurance or be self-Insured? What are the differences under the Act?
5. Are there advantages to offering coverage to employees who retire before age 65?
6. What if I have an employee that is eligible for the high risk pool due to preexisting conditions?
7. What are Workplace Wellness Grants, and are my employees
8. How Much will it cost me to cover employees and their dependents under the Act?
9. Is the Affordable Care Act more than Health Insurance Reform?
10. Are certain provisions like the individual mandate to purchase insurance coverage Constitutional?

Click here for the answers to these questions.

There still remain many unanswered questions. The Act is complex and written so that the average lay person cannot comprehend it. This law may soon be called the full employment act for attorneys that practice labor and employment law.