A strategy is a prediction about the future. It is a hypothesis that can be tested in small pilots and pivoted over time. A good strategy should be formulated as an if-then statement that specifies the internal actions and external conditions that will lead to your expected results. A powerful strategy […]
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The three types of judgement calls that ensure the survival and well being of a firm include: The quality of someone’s judgment depends to a large degree on his or her ability to gather resources and to interact well with those who are engaged in the decision. Most of the […]
Decision making is driven primarily by intuition. The person in the leadership is often the one who drives the agenda, strategy, and priorities for the organization or team. The same digital technologies that are transforming a variety of industries is also changing the way that leaders make decisions. The fact […]
A recent article in Forbes listed the greatest challenges that every company is facing in 2023: A company’s stability and profitability depend upon their ability to respond to changes in the external environment. This capability must be evident outside of traditional strategic planning, it must be imbedded into the fabric […]
A recent article in Time Magazine suggests that humans now have an attention span that is less than that of a goldfish. Apparently, the easily-distracted goldfish has an attention span of nine seconds, and according to a study by Microsoft, us humans can only pay attention for eight seconds. That […]
Transformation is a word that is used to describe the bold, stepwise investments that organizations make in their future capabilities. A transformative effort is broader than incremental improvements. Transformations are intended to fundamentally alter how the business operates. Companies that have the means to invest in transformations usually expect their […]
In modern strategic planning, scenarios are often used to help prepare for externalities that might have an impact on the business in the future. These scenarios allow for some flexibility as you work to achieve your vision for the organization. Whether it includes offloading a planned effort or adding in […]
If you are seeking unstoppable momentum in your organization, tying strong execution to a clarified vision and purpose will get you there. Sure enough, some people doubt the benefit of a purpose driven life or business, but an organization whose purpose is clear performs better financially, has more engaged employees […]
A strategic inflection point is a period of time when an organization must respond to changing competitive forces in the environment or face the consequences of a strategic decline. This inflection point can occur after the organization has become very successful and represents the need for the business to reinvent […]
Many organizations kick off the year by sharing their strategy with employees. This helps set the tone and vision for staff as well as to focus resources on what will be accomplished. But articulating your strategy doesn’t just happen at the beginning of the year when you send out a […]
Resilience refers to the capability to bounce back and recover in the face of challenges or setbacks. Resilience is something that can be strengthened after tough situations, but focusing on building it proactively will help to prepare you to face the future with courage. People who are equipped with resilience […]
That’s not spelled wrong. While “serial entrepreneurship” refers to someone who starts many new businesses in a short period of time, “cereal entrepreneurship” refers to a certain boot strappyness that was displayed by Airbnb founders Brian Chesky and Joe Gebbia when their company was floundering. After several launches that did […]
Jack Welch stated, “control your own destiny or someone else will.” One of the key elements of survival, and adaptation, is the willingness to self disrupt.
What is purpose, anyway? A lot of people are searching for it. Human beings are wired to find purpose, and meaning, in our experiences, in our work, and in our lives. When navigating significant levels of disruption, we often work to find meaning in that, too. In short, a purpose […]
According to a recent article by McKinsey, top performing companies have high ambitions about continuing to make investments in technology. This is not surprising. But how companies plan to leverage technology to differentiate their companies is what is noteworthy. There are several reasons why top performers usually keep an eye […]