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Category Archives: Strategy
Why bad strategies fail to produce change
Textbook strategic planning is too often bland and static. It lose the sharp focus and energy vital to execution. Effective strategies confront the core issues of your organization. Continue reading
Posted in Leadership and management, Non-profits, Strategy
Tagged Resources, Richard P. Rumelt, stakeholders, strategic planning, Strategy
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Tips from Daniel Kahneman’s Thinking, Fast and Slow
Daniel Kahneman is a professor of Psychology at Princeton University who received the 2002 Nobel Prize in Economics. In his book, Thinking, Fast and Slow, he distills a lifelong journey of learning into over 400 pages of insights. Humans, it turns out, are not such rational animals after all. We are all victims of intuitive biases. Read the book, and if you’re looking for a few quick tips, read on. Continue reading
Posted in Leadership and management, Marketing, Strategy
Tagged Biases, Halo effect, intuition, Kahneman, Luck, overconfidence, Skills
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Business as a source of Social Innovation: part 2- Environmental Stewardship
Enterprises should use resources in a responsible fashion — reduce utilization and waste, recycle, and adopt renewable energies. Unfortunately, economic systems are not well-suited to address environmental issues. Businesses have a short-term perspective and limited geographic impact. Environmental issues evolve over long time periods and have global implications. Continue reading
Business as a source of Social Innovation: part 1- New products, services or markets
In what ways can businesses be a source of social innovation? There are three broad areas where socially innovative businesses should focus their efforts: New products, services or markets; Environmental stewardship; Social well-being of their employees and the communities in which they operate. Continue reading
Posted in CSR & Sustainability, Marketing, Social Business, Social Innovation, Strategy
Tagged business, Environment, Innovation, Mohamed Yunus, social innovation
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The perils of being optimistic and overconfident
Optimism drives you to persevere in the face of adversity, when the odds are against you. It gives you resilience. There is also a negative side to optimism. Be wary. Optimism is “widespread, stubborn, and costly…the optimism bias may well be the most significant of the cognitive biases.” Continue reading
Mintzberg, Tolstoy, Kahneman on leaders and strategy: things are not as simple as they seem.
We tend to oversimplify reality. There are few domains so prone to this tendency than the study of the influence of great leaders and their strategies. Three outstanding authors offer remarkable insights: Tolstoy, Mintzberg and Kahneman. Continue reading
Posted in Leadership and management, Strategy
Tagged Kahneman, leaders, leadership, Mintzberg, Strategy, Tolstoy
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Back to strategy
The strategic planning process must be scaled to match resources and time constraints. A streamlined planning process is required and continuous reflection, planning and action must be sustained to adapt and create opportunities. Continue reading
Posted in Strategy
Tagged Boards, execution, Gary Hamel, Management, Planning, Prahalad, Strategy
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What are the 5 top business plan pitfalls?
In this post I discuss the execution of the strategy. Business plans help articulate how new ventures enact their strategies. They include the value proposition, describe products and services offered, sales and marketing tactics, and other details about how the organization will execute the plan. Continue reading
Barclays, GSK. How to fix corruption in large corporations.
“We have a profound issue — that is, an industry-wide issue, not just a Barclays issue” That’s what the former CEO of Barclays stated in front of a British parliamentary panel. This statement exemplifies the state of many businesses, from health-care fraud to bribery; this has not been a good year for corporate social responsibility. Continue reading
Posted in CSR & Sustainability, Healthcare, Leadership and management, Marketing, Strategy
Tagged Banking, Barclays, Corruption, CSR & Sustainability, Drugs, Ethics, GSK
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10 governance lessons from Europe
The following are 10 insightful comments from Daems and Leterme on good corporate governance. Continue reading