Category Archives: Strategy
The importance of lived company values in difficult times
Values are highly popular among companies around the world. Almost every large enterprise has published a set of corporate values on their website and in glossy brochures. There is a good reason for this, because values can fulfil several important … Continue reading
The 3 major strategic challenges of the war in Ukraine for EU companies
The Russian war against Ukraine has added another global crisis. It hits the world at a time, when it is still struggling with the effects of the corona pandemic and bracing itself for the growing climate crisis. The Ukrainian people … Continue reading
5 global trends that could influence your business in 2021
There has been no business forecast for 2020 that came even close to what happened in this extraordinary year. At least I am not aware of any such forecast. Wildcard events like the Corona pandemic and its effects on society … Continue reading
Posted in Business Plan, Environment, European Union, Strategic Foresight, Strategy, Technology
Tagged 5G, Artificial Intelligence, business forecast, Business Strategy, China, Climate Change, Corona crisis, Corona pandemic, COVID-19, economic forecast, Internet of Things, IoT, OECD, smart technologies, strategic foresight, strategic thinking, trends 2021
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5 economic trends that will influence your business in 2019
The year 2019 has started, and nobody exactly knows how the economy will develop over the coming 12 months. However, there are 5 trends already visible. They will have an impact on every business, no matter if you are self-employed … Continue reading
5 Signs Indicating You Need Strategy Coaching
Many C-suite and mid-level executives have by now understood and experienced the benefits of business coaching. The range of topics for business coaching is very wide. It includes leadership development, stress management, coping with change, and handling conflicts, to name … Continue reading
5 Common Strategic Planning Mistakes SMEs Should Avoid
The experts have been debating the use of strategic planning for some time. Already in the mid-1990s, Canadian management professor Henry Mintzberg questioned the use of a formal strategic planning process in his book “The Rise and Fall of Strategic … Continue reading
Posted in Business Performance, Decision-making, Entrepreneurship, Leadership, SMEs, Strategic Management, Strategy
Tagged Business Strategy, Entrepreneurs, leadership, small and medium-sized enterprises, SMEs, strategic leadership, Strategic Management, Strategy Implementation, strategy process
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Listen to Your Intuition | Business Lessons from the World Chess Championship Match Carlsen – Karjakin, Part 6
After 12 games of the world chess championship between Magnus Carlsen and Sergey Karjakin the score was 6-6, and a tiebreak became necessary to get a decision in the match. The tiebreak on Wednesday, 30 November, consisted of four rapid … Continue reading
Posted in Business Performance, Chess, Decision-making, Leadership, Risk Management, Strategic Management, Strategy, Success
Tagged business lessons, Business Strategy, Chess, Circumspection, decision-making, Errors, executives, Intuition, Magnus Carlsen, Mental Robustness, Mistakes, New York, Opportunities, Patience, Preparation, Resilience, Risk Management, Sergey Karjakin, Strategic Decisions, strategic thinking, Willpower, World Chess Championship 2016
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Face Your Mistakes | Business Lessons from the World Chess Championship Match Carlsen – Karjakin, Part 5
Game 10 of the world chess championship match between Magnus Carlsen and Sergey Karjakin was a tragicomedy of errors. In a slightly better position, Carlsen gave up his advantage through an inaccurate exchange of bishops in move 19. After that, … Continue reading
Posted in Business Performance, Chess, Decision-making, Entrepreneurship, Risk Management, Strategic Management, Strategy
Tagged business lessons, Business Strategy, Chess, Circumspection, decision-making, Entrepreneurs, Errors, executives, Magnus Carlsen, Mental Robustness, Mistakes, New York, Opportunities, Patience, Preparation, Resilience, Risk Management, Sergey Karjakin, Strategic Decisions, strategic thinking, Willpower, World Chess Championship 2016
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Managing Risks with Circumspection | Business Lessons from the World Chess Championship Match Carlsen – Karjakin, Part 4
On Monday, 21 November, the world chess championship match between titleholder Magnus Carlsen and his challenger Sergey Karjakin saw the first decided game after seven draws. Game 8 took a dramatic course and ended in a win for Karjakin with … Continue reading
Posted in Business Performance, Chess, Decision-making, Entrepreneurship, Leadership, Risk Management, Strategic Management, Strategy
Tagged business lessons, Business Strategy, Chess, Circumspection, decision-making, Entrepreneurs, executives, Magnus Carlsen, Mental Robustness, New York, Opportunities, Patience, Preparation, Resilience, Risk Management, Sergey Karjakin, Strategic Decisions, strategic thinking, Willpower, World Chess Championship 2016
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Be Prepared | Business Lessons from the World Chess Championship Match Carlsen – Karjakin, Part 3
The Spanish writer Miguel de Cervantes (1547-1616) coined the famous phrase: “To be prepared is half the victory.” The current world chess championship match between titleholder Magnus Carlsen and his challenger Sergey Karjakin is proof that this old wisdom still … Continue reading
Posted in Business Performance, Chess, Decision-making, Resilience, Strategy
Tagged business lessons, Business Strategy, Chess, decision-making, Entrepreneurs, executives, Magnus Carlsen, Mental Robustness, New York, Opportunities, Patience, Preparation, Resilience, Sergey Karjakin, Strategic Decisions, strategic thinking, Willpower, World Chess Championship 2016
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How to be Resilient | Business Lessons from the World Chess Championship Match Carlsen – Karjakin, Part 2
The character of the world chess championship match between world champion Magnus Carlsen and his challenger Sergey Karjakin has changed: while they were testing each other’s (and the viewers’) patience in games 1 and 2, just waiting for the other … Continue reading
Posted in Chess, Decision-making, Resilience, Strategic Management, Strategy
Tagged Business, Business Strategy, Chess, decision-making, Entrepreneurs, executives, Magnus Carlsen, New York, Opportunities, Patience, Resilience, Risk Management, Sergey Karjakin, Strategic Decisions, strategic thinking, Willpower, World Chess Championship 2016
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Business Lessons from the World Chess Championship Match Carlsen – Karjakin | Part 1: The Importance of Patience
The Norwegian world champion Magnus Carlsen and his Russian challenger Sergey Karjakin started their fight for the chess crown in New York on 11 November 2016. Some commentators were disappointed by the first two games of the world chess championship: … Continue reading