Strategy & Stewardship Consultant in International Finance

Strategy & Stewardship Consultant in International Finance
Helping Create a Culture of Competitiveness through Diversity, Change & Innovation!

Sunday, July 26, 2015

"An Algorithm for Success"

"Do you have an algorithm for success?"
17 July 2015 - Friday

by Cenen Herrera
Writing from Boston, Massachusetts


In my many years of experience in international finance, I learned three important phases in strategic planning:  (i) Strategy Formulation; (ii) Execution; and (iii) Performance.  For me, the best definition of strategy is resource optimization, which means maximizing the use of our limited resources to reach a desired goal.  Execution is the actual implementation of your strategy, which could either focus on innovation or execution virus.  Innovation according to Peter Drucker is change that creates a new dimension of performance. Execution virus emanates from institutional habits that kill innovation.  The last phase of planning is actual performance, which could be any of the three results:  a. Superior; b. Good Enough or c. Inferior.

The ultimate test of our collegiate level degree is when we are able to pass a Board Exam or a Professional Certification that is universally recognized.  The post-graduate degree reinforces our educational training with a macro-view of our chosen specialty.  Studies had shown that functionality has no correlation to educational attainment.  If you want to achieve success in your specialization, you should adopt a personal algorithm for success. Formulating a strategic winning gambit or developing a personal algorithm for success is imperative if you want to achieve a superior performance. 

CVP is my personal algorithm for success in life.  It means continuously building your Character by engaging in activities that will strengthen your Values, and improve your People management skills. 

      

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