News-Ticker 01/2024
How China's BYD Overtook Tesla
Elon Musk’s Tesla has been overtaken by China’s BYD as the world’s top selling electric carmaker. BYD’s rise is the result of long-term strategic thinking by both the company and the Chinese government. And it’s setting up China to be a dominant player in the global automotive industry. Here are the three most important things that have made BYD the king of EVs.
—> Watch the Video (Source Bloomberg)
Some of our conclusions are:
Joint longterm strategy of company, partners and government
Business Agility which allows faster response to market or supply chain disruptions and made the business more resilient
Competitiveness through a high vertical integration, localization of production and in-house development of key expertises
Managing Change Fatigue?
For better or worse, all types of changes – personal and professional, big and small – impact our lives. In this episode of Relearning Leadership, Pete talks about his own experience managing change fatigue as well as how he has seen its effects in our communities, workplaces, and personal lives.
Listen now to hear his three ways in which we can acknowledge and manage how change can be tiring – and how to reframe it to be reinvigorating.
—> Listen to the Podcast (Source: ALJ a LAP Alliance Partner)
Some of our conclusions are:
Change has become multi-dimensional, continuous and exhausting (market disruptions, climate change, changes in society, ...)
Change is good if fulfills a purpose, we can change us but nobody else. Start small yourself.
Accept the things that I can’t change.
Agile Performance Management?
Learn from the global healthcare manufacturer Coloplast how they’ve achieved success with a new performance management approach.
—> Read the case study (Source: BBRT a LAP Alliance Partner)
Some of our conclusions are:
The overall purpose is to create the foundation for unleashing / realizing the company’s full potential. It is actually more about enabling performance than about managing performance.
Budgets were not coherent with the strategy and resulte often in wrong and undesired behavior, needs a lot of time making them, and, on top of that, they are useless a few months into the accounting period
The separation of the budget purposes: Ambition, Forecast, Capital Allocation and Incentives increased the quality of our work substantially, and at the same time, we avoided the problems associated with the annual budget
Agile Contracts - The only Template you’ll ever need!
Agile collaboration became the new normal to deal with the ever-changing demands of today’s business. Often this collaboration isn’t supported enough with an as agile contract.
—> Read the blog post (Source: LAP Alliance)
Some of our conclusions are:
Contracts that embrace Agile values and principles allow for more agile collaboration between parties and therefore better management of uncertainty.
The potential is huge. Compare with the example by the New Zealand Government.
An agile contract isn’t just the Statement of Work ;-)
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