Strategy

How to transform the company or person instantly

During a strategic retreat, the Chairman of the board was so impressed by my non-conventional approach to strategic planning that he labeled me Mr. Strategy. Here is what he said verbatim: “Mr. Strategy told us to focus on identifying our distinctive competence and developing capabilities to leverage it. I agree. He has also told us …

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The 10 common errors in many strategic plans

Many companies have strategic plan documents merely for showoffs. Some companies write strategic plans for compliance purposes. Others use the documents to get loans or equity. For example, a business seeking loan financing may hire any advisor to write a strategy and business plan for purposes of obtaining a loan. Once the loan is got, …

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You are a new CEO: Which advice would you take?

There is always the first time. You have never been a CEO. Finally, a letter comes, “Appointment as CEO, XX” from HR advising you that following your recent interview, you emerged as the best candidate and your appointment is effective the following month. You know that the former CEO resigned due to pressure from stakeholders, …

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