Category Archives: Strategy

Recognising Good and Bad Strategies – Part 4

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 […]

Recognising Good and Bad Strategies – Part 3

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. […]

Recognising Good and Bad Strategies – Part 1

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 […]

Intuition and decision making

  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 […]

Managing in Meltdown

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 […]