Tag Archives: Strategic Management
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 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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Video: Think ahead and succeed!
The video presents selected parts of a keynote speech by Milon Gupta on how to think ahead and succeed. It features the effective use of thought patterns, the importance of imagination, and how to use your intuition. In … Continue reading
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
5 Reasons Why You Need Strategic Thinking On All Levels Of Your Organisation
Generally, the assumption still prevails that strategy and strategic thinking are an exclusive domain of a company’s executives. This assumption is historically well founded. And it is wrong in today’s business environment. The Greek word “strategos”, of which the term … Continue reading
Success and Failure of Strategic Management in 2015 – Part 2
In part 1 of “Success and Failure of Strategic Management in 2015” I had presented three cases of what I consider good strategic management. In part 2, I will now focus on examples of bad strategic management that emerged in … Continue reading
Success and Failure of Strategic Management in 2015 – Part 1
For many businesses, the year 2015 was challenging. At first glance, the opportunities outweighed the threats. Cheap money and cheap oil stimulated the business of many companies. However, not every company was able to benefit from the opportunities. The year … Continue reading
Why Climate Change is Relevant for Your Business
When the 2015 United Nations Climate Change Conference ended with the Paris Agreement on 12 December, one of the first to comment was Paul Polman, CEO of multinational consumer goods company Unilever. In a statement published on the same day, … Continue reading
How to Cope with Business Complexity
Business complexity has globally increased in the last three decades. Scope and diversity of products, services, processes and stakeholder relationships have significantly grown. The growth of complexity has come at a price: The world’s largest companies are on average losing … Continue reading
Protected: Business Complexity Checklist
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Posted in Business Performance, Decision-making, Leadership, Strategy
Tagged Business Complexity, Business Strategy, leadership, Strategic Management, strategic thinking, strategy, Strategy Implementation
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How Strategic Leaders Use Storytelling
Storytelling has proven to be an effective leadership tool in business communication. Or like US psychologist Howard Gardner said: “Every great leader is a great storyteller”. Thus, it is not surprising that executives at many major companies, like 3M, Nike, … Continue reading
Checklist and Resources for Strategic Storytelling
This post complements the blog article “How Strategic Leaders Use Storytelling”. Storytelling Checklist Even if you are a gifted storyteller, considering the following checklist may be useful. Sharing stories in the pub with friends is not the same as sharing … Continue reading