Category Archives: Strategy
Feb
The second element of a good strategy: The Guiding Policy This is the fourth article on our five part series on Richard Rumel’s book “Good Strategy/Bad Strategy” –> Hier clicken für die deutsche Version <– The second element of a good strategy is the “Guiding Policy”, which provides the direction to address the challenges identified […]
Feb
The first element of a good strategy: The Diagnosis This is the third article on our five part series on Richard Rumel’s book “Good Strategy/Bad Strategy” –> Hier clicken für die deutsche Version <– As we have shown in the first article, a good strategy contains the three elements DIAGNOSIS, GUIDING POLICY and COHERENT ACTION. […]
Jan
WHAT IS A BAD STRATEGY? –> Hier clicken für die deutsche Version <– According to Rumelt, a bad strategy is not simply the absence of a good strategy, but rather a result of misconceptions and management deficits. The four characteristics of bad strategies are (1) Fluff – a form of gobbledygook that poses as a […]
Jan
WHAT IS A GOOD STRATEGY? –> Hier clicken für die deutsche Version <– According to R. Rumelt, a good strategy contains at least three elements: 1) diagnosis, 2) guiding policy and 3) coherent action. He calls this the KERNEL of a good strategy. However, just formulating revenue, profit or market share objectives alone don’t make […]
Use your intuition for better decisions in uncertain situations Have you recently had to make a big decision such as taking a new job, hiring a new employee, starting or ending a business or deciding where to invest? Did you feel you had enough information? How did you go about it? In each of these […]
Multiple challenges arising at the same time can threaten the very existence of a start-up. Here are some tips for surviving a meltdown. For new organisations, survival is the first prerequisite for growth. Yet small organisations usually fail. Across the EU, over 50% of businesses fail within five years1, a similar figure to the US. When […]
“Use your brain”, said one of the workshop participants when I asked about the kind of behaviour they would like to see in their company. “What do you mean?” I said. “Well, the best people in our organisation are those who use their brains and will come to us with solutions – not only problems […]