Where Strategy Isn’t Born, Collaboration Dies
How I made a team out of a bunch of folks Team coaching, motivational talks, and brainstorming sessions can only do so much. They work only for groups who have…
Accuracy Means Nothing If the Target Is Wrong
Those who focus on profit rarely get it Managing profit is impossible. That’s an oxymoron. You can manage its elements. Profit = Income – Expenses And they aren’t equally manageable.…
The Plague Of Strategic Goals
How an audacious strategic goal can crush a great company\ Jim Collins, the author of Built To Last: Successful Habits of Visionary Companies, coined the term BHAG, Big Hairy Audacious…
Strategy in Three Minutes. Episode 20
1. Strategy and Value Exchange: 360 Degree Strategy What you give determines what you get. Any business develops by: [1] Creating value for the six stakeholder groups. [2] Capturing value…
The Airline That Nosedived
The Airline That Nosedived Have you ever flown standing up? If you think that’s a typo, it’s not. In 2012, Michael O’Leary, the CEO of the Irish low-cost airline Ryanair,…
Ride The Value Wave: Turn Your Business into a Value Engine
Think About ‘Horizontal’ Value Waves Instead of ‘Vertical’ Strategies Would you use an ancient stone battle axe to build a modern house? Hardly likely. Yet, we still employ strategic tools…
The curse of knowledge
Once, I was a guest at a scientist’s house. Other guests were art critics, sociologists, and PhDs. One of them mentioned the “Barbizon school of painting.” Someone else asked him…
Strategy in Three Minutes. Episode 19
1. Strategy and Value Exchange: Two things that make your decisions strategic Strategy is a set of measures to strengthen a business long-term. A company becomes more potent when it…
Good CEOs focus on disruptive innovation. Great CEOs win
The pitfall of disruptive innovation Startup founders obsess over disruptive innovation. VCs look for startups that promise disruptive innovation. Yet, ironically, customers are the only ones who neither want nor…