Change was in the wind. As is true for many industries, the insurance industry was facing significant change. Making the shift from a regulated to a deregulated industry seemed a daunting challenge for the 100 year old RockSolid Insurance Company.
The question for the executive team was how to craft a strategy and initiate change in ways that would enable the company to compete successfully into the future. Despite facing potentially massive disruption, one department, the Tax Department, decided to use this as an opportunity to reflect on their values, strategic goals, and departmental culture. In this article we present a case study and share some thoughts on one of the toughest challenges leaders face, the interplay between successful strategy implementation, and shifting organizational culture.
Leaders are typically quite adept at crafting strategy because of the direct relationship between strategy and results. Strategy provides direction, clarity, and focus for collective action and decision making. Strategy connects people and what they do in their day to day work with the organization’s purpose and broader impact in the world. Without a strategy that is clear, relevant, and valid, it can be difficult to motivate and mobilize people to work toward and achieve, concrete goals.