Strategy is a general plan to achieve one or more long-term or overall goals under conditions of uncertainty.
This article is provided courtesy of theleanmag, a content partner of the Operational Excellence Society. Imagine steering a ship in tumultuous seas without a compass—this is like leading a business without core values guiding the way. You might eventually achieve your goals, but it might take a long time and involve unnecessary and costly detours. In…
Every industry and business navigates the most challenging environment ever. The “great recession”, COVID-19, Supply Chain Disruptions, record inflation, the “great resignation” the war in Ukraine, energy challenges, and deglobalization all represent the new era of chronic uncertainty. Every executive wants to know where to turn and the best place is building Industry and Trade…
In my book, “State of Readiness” is a brief discussion on “Effects Chains” (pgs 271-277); which is really a re-branding (for purposes of sensibilities) of “kill chains” that I borrowed from military parlance and adapted to business. In the context of the military, a kill chain refers to a series of stages or steps that…
ByHBR.org
Summary. Although it sounds cliché, the world really is a more volatile place than it used to be. That’s because the drivers of uncertainty are more intense — there are more and more change vectors affecting outcomes and these vectors are more and more inter-related. The range of likely outcomes five and 10 years has…
Give a listen… My guest today is Stephan Meyer PhD, CEO of Almademey Ltd. I have known Stephen for some years now, he being one of the first professionals when I arrived in Germany over a decade ago. I have always found our conversations quite interesting. Like me, he knows you can’t hit home-runs without…
Too many companies equate strategy with hitting financial goals. They underestimate the difficulty—and the value—of the real thing. The word “strategy” means an approach to dealing with a difficult challenge, especially that of competing with a clever opponent. To have a strategy is to have an approach to overcoming critical obstacles and difficulties. However, through many…
