The six elements of the VECTOR approach
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Vision
What do you want to be known for? Start by crafting an ambitious vision for your superpower and how it will shape your company. Then commit leadership to the multiyear journey to see it through.
Employees
Superpowered companies need a full talent system to support the capability. This includes mapping necessary roles, assessing skills gaps, balancing new hiring with reskilling, and maintaining a strong performance management system.
Culture
Building or enhancing an institutional capability requires an organization-wide mindset shift—and the stamina and consistency to make the change stick. Ongoing measurement of company culture can help track progress.
Technology
Technology is at the heart of any institutional capability. But resist relying too much on overhauling core systems, or one-off solutions. Superpowered companies build technology solutions that can scale readily and consistently.
Organization
Your organizational structure should have clearly defined roles, responsibilities, and accountabilities, as well as sufficient budgetary resources, to ensure that the new capability flourishes.
Routines
Establishing high-quality, well-designed routines will be paramount to sustaining a successful institutional capability. The best companies partner new processes with world-class coaching to help ensure top performance.