What does it take to create a successful organization? Research this topic and the one consistent theme you will come across everywhere is that great talent is essential for building anything noteworthy. However, is it enough to only have smart people who are highly self-motivated onboard. Or is that just one piece of the puzzle that needs to be present on the journey towards creating a lasting enterprise. A ground-breaking research conducted by Nitin Nohria (Harvard Business School), William Joyce (Tuck School Of Business) and Bruce Robertson asked a similar question. Their findings brought to light the fact that companies that outperformed their peers excelled at a finite set of primary and secondary management practices. This winning combination of better management techniques and the recipe of business success is referred to as the "4+2" formula. It states that firms that sustain superior business performance excel at the four primary levers of strategy, execution, culture, and structure.
