Strategy

“Our vision is health care” Is a wrong vision! Here is a good one

You cannot create team commitment with a wrong vision. Days of defining visions as “where we want to go” in a way that “you cannot reach there” but you continue working and working trying to get there, are long gone. Most of these management terms and practices were coined during the first to second industrial …

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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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