Managing the Uncertainty of the Future
Welcome Back. We’ve got lots of in depth business strategy to share with you today. We have created a simplified approach to manage uncertainty – you’ll need to answer the following five questions: What are the most critical issues facing your organization in the next 1 year, 3 years and 5 years? Which of these [...]
Time to Take a BreathNow is the time to take a breath. I have time to think about our future. Try to anticipate what is going to be normal in the future and build a strategy around that expected normalcy to come – no matter what business you are in – no matter what type of product or service [...]
Strategic Planning Harnessing Chaos – Part 4: The edge of chaosThe Edge of Chaos When Dee Hock, a small-time banker from Washington, took over Visa in the late 1970s, it suffered under restrictive management-which Hock hated. His vision for the company emphasized decentralization, not consolidation; freedom, not restriction. Ownership of individual Visa franchises now lies largely in the hands of individuals, and these individuals are [...]
Business Strategy Navigation 2009 – Part 7You Can’t Manage What You Can’t Measure Management, by definition, requires intimate knowledge of what is being managed. And business knowledge depends on measurement. Good Strategic execution plans encourage and demand constant measurement of progress toward each initiative and objective. This measurement occurs via both internal and external feedback. Each consists of hard-and-fast performance measures (financial [...]
Business Strategy Navigation 2009 – Part 6The Ride, Part II: Implementation Once the ship has hit the water, it’s time to move. The most intricate and brilliant execution plan is worthless hidden in a desk drawer beneath a stapler and dirty coffee mug. Strategy’s beauty lies in its careful implementation-and ubiquitous involvement. Any disturbance of the status quo is bound to [...]
Recent News Articles
Recent Articles
Strategic Planning Harnessing Chaos – Part 4: The edge of chaos
The Edge of Chaos When Dee Hock, a small-time banker from Washington, took over Visa in the late 1970s, it suffered under restrictive management-which Hock hated. His vision for the company emphasized decentralization, not consolidation; freedom, not restriction. Ownership of individual Visa franchises now lies largely in the hands of individuals, and these individuals are [...]
Business Strategy Navigation 2009 – Part 7You Can’t Manage What You Can’t Measure Management, by definition, requires intimate knowledge of what is being managed. And business knowledge depends on measurement. Good Strategic execution plans encourage and demand constant measurement of progress toward each initiative and objective. This measurement occurs via both internal and external feedback. Each consists of hard-and-fast performance measures (financial [...]
Business Strategy Navigation 2009 – Part 6The Ride, Part II: Implementation Once the ship has hit the water, it’s time to move. The most intricate and brilliant execution plan is worthless hidden in a desk drawer beneath a stapler and dirty coffee mug. Strategy’s beauty lies in its careful implementation-and ubiquitous involvement. Any disturbance of the status quo is bound to [...]
Recent News Articles
