Business Halftime: Adjustment #3

Halftime Adjustment #3: Decisions Once a football coach has assessed the current context, evaluated the success and impact of behaviors, they must then make decisions for the second half. Do I stay with the starting quarterback or switch to the backup? Should we change the defensive scheme to put more bodies on the line and … Continue reading Business Halftime: Adjustment #3

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Business Halftime: Adjustment #2

Halftime Adjustment #2: Behaviors The second factor a football coach will consider at halftime is the behaviors of their team and the opponent. Was the running game or passing game more effective? How has the opponent’s special teams impacted the game? Are the offensive and defensive lines blocking effectively or are they the proverbial sieve? … Continue reading Business Halftime: Adjustment #2

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Strategic Thinking Traps 8 and 9

8. Status Quo Popular adages such as “If it ain’t broke, don’t fix it,” “Don’t rock the boat,” and “Let sleeping dogs lie” all feed into the natural tendency to prefer the status quo. Time and again, research has proven that when individuals have the option of doing something new or staying with the status … Continue reading Strategic Thinking Traps 8 and 9

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Strategic Thinking Traps 5-7

5. Forecasting The mere act of attempting to estimate or calculate something in advance should give you pause: amateurs—in some cases monkeys—routinely out-perform experts in meteorology and the stock market. There are several traps to be aware of when forecasting in business. One is over-confidence. As human beings, we’re prone to overestimating our talents, which … Continue reading Strategic Thinking Traps 5-7

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