In the world of business, strategy is not just a plan; it’s a dynamic process that requires both depth and breadth of understanding. Whether you’re running a small shop or a multinational corporation, the keys of strategy remain the same: executives need fundamental business acumen coupled with a panoramic view […]
Tag: success
Developing the right strategy is an iterative and experimental process. While seeking to prove a strategic hypothesis, you often discover unexpected and fruitful ideas that can help you perfect your strategy. On the surface, it might look like the most successful strategies are carefully planned. In truth, some industry leaders […]
Businesses, especially large ones, rely heavily on plans, processes and routines. These can quickly become unproductive models of rigid organizational management though, fixated on metrics that are not tightly coupled with innovation. Employees must be empowered to learn, adjust, and be willing to take bold action that can lead to change.
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.
Strategy is the work that you do now to create a positive impact for yourself or for your business in the future. It means that you are setting aside time to think about the vision that you have, align your resources towards those objectives, and execute that work. As executives […]
Speak with anyone about decisions and it’s likely that you will get an eye roll. When I was young, I could not wait to grow up so that I could finally make more decision in my life. I had the type of childhood where many of my decisions were made […]
Failure is defined as non-performance – when you don’t achieve an outcome that you would like. This could include things such as not achieving your desired outcome on a plan, performance, financial goal, etc. It is important to learn, however, not to internalize situations that happen as a reflection of […]
As one ventures out in life and faces risks and adversity, it is helpful to learn from people who have traveled the road before you and have navigated the journey. The list below includes a few people from a variety of backgrounds who have overcome tremendous hardship and have been […]
Companies usually implement some type of feedback system to provide employees with an evaluation of their performance. These reviews or check-ins are usually focused on progress toward goals that have been already identified. Generally, if you did more than what was expected, you get rated higher. If you did less, […]