Another great example is the Implications Wheel that Joel Barker, a famous futurist, developed in the 1970s to examine implications of any change or decision. Many companies have used his tools and thinking processes to literally stay in business—including some major companies you know.
Do have contrasting voices on your strategy team? It's not enough to have familiar voices that are immersed in the current strategy. There are two others types of voices you can't afford to exclude from your organization's strategy conversations.
Talking with reader and number one Brainzooming fan Stephen Lahey recently, the conversation turned to the strategic thinking behind reasons to integrate one's spirituality and business life. I shared my personal strategic ...
In our work with both small and large firms it always occurs to our team that most executives, and even CEOs and managing partners, do not understand or want to admit the significance of beating your competition, but that is what strategy is all...
Trying to be perfect has come up in several strategic thinking workshops and conversations recently. I definitely understand trying to be perfect. Been there, done that, and still try to do it way too often.
When asked about their strategy formulation failures, most executives complain that it is an insufficiently inspired, unrealistic, impractical, and detached process: 1) Lack of understanding of future trends (88%) 2) Little understanding of internal capabilities (87%) 3) Too much top-down approach (84%) 4) Not enough logical thinking (84%).
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