Check out this interesting interview with the former CEO of Lego from 2014.
Here are some of my highlights:
for 2 years, we didn’t have a strategy; we had a detailed action plan
companies don’t die of starvation, they die of indigestion
Less talk, more action: you can’t think yourself more effective
They tracked their performance on a whiteboard – in red and green, so things were easy to see.
[turning up at production meetings]
by being in the room, I send a signal that it’s important [and other people started showing up]
When Wal-mart visits Lego and Lego offer a coffee, the Wal-mart person leaves $1 on the table, because their whole strategy is about cost
Lego manufacture 30 pieces a minute, 25 billion pieces a year.
the CEO needs any avenue to the truth that he/she can find
you need to carve out reflection time.