Tag Archives: executives
10 Common Business Plan Mistakes and How to Avoid Them
Every company needs an up-to-date business plan. Although this is most obvious for start-ups, it applies to established firms, too. A business plan keeps everyone on track in implementing the company’s strategy and reaching its business goals. There is plenty … Continue reading
Posted in Business Performance, Business Plan, Entrepreneurship, Risk Management, Startups
Tagged Business Coaching, Business Errors, business lessons, Business Mistakes, Business Opportunities, Business Plan, Business Strategy, decision-making, Entrepreneurs, executives, Financial Projections, Risk Management, Strategic Decisions, strategic thinking
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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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The 3 Best Ways to Avoid Bad Decisions Caused by Groupthink
Do you remember Swissair? In the 20th century, this airline used to be as economically solid as a Swiss bank, which is why some people called it the “flying bank”. And yet, it was the first airline to collapse in … Continue reading
Book contribution on strategic action published in GSA Top Speakers Edition
In August 2014, German publisher GABAL released volume 5 of the GSA Top Speakers Edition: “Die besten Ideen für erfolgreiche Führung” (The best ideas for successful leadership). For this anthology by the German Speakers Association (GSA), editor Lothar Seiwert, Germany’s … Continue reading
Posted in Leadership, Publication, Strategy
Tagged chess masters, executives, GABAL, German Speakers Association, GSA, leadership, strategic action, strategic thinking
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Strategic thinking – The key competence of successful business leaders
Business leaders need a broad skillset in order to be successful. This includes a wide range of social and intellectual capabilites. However, the one competence that distinguishes sustainably successful leaders is their ability to think strategically. This is the key … Continue reading
Posted in Decision-making, Strategy
Tagged business leaders, executives, strategic thinking, strategy
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