Strategic Management
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Strategic Management
Analysis, decisions and actions combined create and sustain competitive advantage
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How Women Can Succeed by Rethinking Old Habits

How Women Can Succeed by Rethinking Old Habits | Strategic Management | Scoop.it
Female professionals looking to their next promotion or job should identify the self-limiting behaviors that may stand in the way.
ellenjharris's insight:
What was done was good for the employee from that employee's perspective. But from the company perspective, it was not a good approach. The missing element was communication with management. How often do we make this mistake?
 
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Big Ass Fans Founder's Five Tips When Selling Your Company

Big Ass Fans Founder's Five Tips When Selling Your Company | Strategic Management | Scoop.it
Founder-CEOs might have a hard time letting go of their baby, but when it’s time to sell, it’s time. Here are five tips on selling your company.
ellenjharris's insight:
You will know when it is time to sell your company. 

There is a dramatic shift in mindset that continues long after the ink dries on the sale. These tips will help balance how you think about letting go.
 
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How Disruption Can Trigger Fraud in the Supply Chain

How Disruption Can Trigger Fraud in the Supply Chain | Strategic Management | Scoop.it
6 steps companies can consider to shore up supply chains against the rising tide of global protectionism and other disruptors.
ellenjharris's insight:
If sanctions against one entity in your supply chain forced your organization to find a new group of suppliers in another region of the world, that requirement might drive up your costs significantly. 

If you were forced to identify a host of new suppliers on short notice, you might end up focusing on the operational-capacity characteristics of potential suppliers, and might forgo performing the type of due diligence you would conduct if you were under less time pressure.
 
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The Future of Artificial Intelligence Depends on Trust

The Future of Artificial Intelligence Depends on Trust | Strategic Management | Scoop.it
If it is to drive business success, AI cannot hide
in a black box.
ellenjharris's insight:
It is human nature to distrust what we don’t understand, and much about AI may not be completely clear. 

And since distrust goes hand in hand with a lack of acceptance, it becomes imperative for companies to open the black box.

To open up the AI black box and facilitate trust, companies must develop AI systems that perform reliably — that is, make correct decisions — time after time.
 
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Cultural Changes Can Upend Corporate Reputations

Cultural Changes Can Upend Corporate Reputations | Strategic Management | Scoop.it
How developing the right corporate reputation in advance can help mitigate the consequences should a reputational disaster strike.
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When Entrepreneurs Are Devastated By Fraud

When Entrepreneurs Are Devastated By Fraud | Strategic Management | Scoop.it
For small and mid-sized businesses, the vulnerability to fraud can be compounded because of the sometimes informal nature of the organization and the fact that fewer staff members can result in less oversight and a lack of checks and balances.
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Former Netflix Exec: How CEOs Miss The Mark On Corporate Culture

Former Netflix Exec: How CEOs Miss The Mark On Corporate Culture | Strategic Management | Scoop.it
As Netflix’s chief talent officer, Patty McCord helped shape the famous corporate culture that made the company what it is today. She talks about what CEOs can learn from what the company built.
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Strategic Differentiation: Making Trade-Offs That Create Customer Value

Strategic Differentiation: Making Trade-Offs That Create Customer Value | Strategic Management | Scoop.it
While it’s easy to blame business failings on external factors like the economy, the truth is that more than 80% of business failures can be traced to a single cause – strategic failure.
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10 Principles of Leading Change Management

10 Principles of Leading Change Management | Strategic Management | Scoop.it
These time-honored tools and techniques can help companies transform quickly.
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Common Purpose: Realigning Business, Economies, and Society

Common Purpose: Realigning Business, Economies, and Society | Strategic Management | Scoop.it
Today’s economic and political upheavals reflect an ongoing misalignment between business and economies (on one hand) and acceptable societal outcomes (on the other). There is still time to adjust, if we are willing to reexamine some long-held assumptions.
ellenjharris's insight:
Interesting perspective on understanding the Marshall Plan.
 
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Foreign Tech Workers Face Higher Hurdles in Visa Applications

Foreign Tech Workers Face Higher Hurdles in Visa Applications | Strategic Management | Scoop.it
Tech companies complain cracking down on legal immigration encourages innovation to happen elsewhere.
ellenjharris's insight:
American IT Professionals with requisite high tech skills are still passed over when opportunities are present. 

What is more challenging is learning American National Security secrets are willfully usurped and sent overseas. 

Perhaps this will change for younger Americans entering the workforce. 
 
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How to Collaborate When You Don’t Have Consensus

How to Collaborate When You Don’t Have Consensus | Strategic Management | Scoop.it
Three “stretch” strategies can help teams move forward when members can’t agree and don’t like or trust one another.
ellenjharris's insight:
A boss may have a solution in mind but could face potential downsides by enforcing it unilaterally. 

Those who disagree may drag their feet in implementing the plan or otherwise sabotage the team’s efforts.
 
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How CEOs Can Win Over The Resistors to Change

How CEOs Can Win Over The Resistors to Change | Strategic Management | Scoop.it
Every change management initiative is going to be met with resistance. Rather than looking at resistance as a negative, CEOs should reframe it to connect with and persuade the resistors to think differently.
ellenjharris's insight:
People may resist a specific change for any number of reasons.

They may believe that the change will actually harm their company, they have too much work to do already and that they don’t have time for this change, or they might be afraid that if they cannot adapt or learn the change, their own job will be at risk.

Their resistance rarely comes from apathy or laziness, but instead, it comes from their own fear of what the changes mean for them.
 
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Why Business Growth Starts With Trust

Why Business Growth Starts With Trust | Strategic Management | Scoop.it
In the age of transparency, where information is available in virtually a mouse-click, building trust is essential for long-term growth and success.
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If Cash Is King, Why Doesn’t It Rule?

If Cash Is King, Why Doesn’t It Rule? | Strategic Management | Scoop.it
With tax rules changing and interest rates set to rise globally, companies need to organize their operations around a new value equation.
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Safeguarding Corporate Reputation In The Age Of Social Activism

Safeguarding Corporate Reputation In The Age Of Social Activism | Strategic Management | Scoop.it
In the age of social activism powerful forces are fueling a fundamental shift, not only in the influence of social media but also in the rise and fall of brands and leaders.
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Digital Champions

Digital Champions | Strategic Management | Scoop.it
The interlinked platforms that make up Industry 4.0 represent a new kind of challenge for manufacturers and other technology-intensive companies. With four key business ecosystems, they can make this new world their own.
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