Strategic Thinker or Strategyless?
Here’s a quick quiz you can share with folks in your group to see how strategic people are (answers follow the quiz): 1. At the heart of business strategy is: A. The intelligent allocation of limited resources. B. Distributing resources across all potential growth opportunities. C. Working to be better and faster than the competition. 2. Successful business strategy is about: A. Being…
What’s Your Competitor’s Strategic Approach?
As more large public companies such as Borders and Blockbuster file for bankruptcy, it’s apparent that Chinese general and philosopher Sun Tzu’s words nearly 3,000 years ago still haven’t sunk in: If you know your enemies and know yourself, you will not be imperiled in a hundred battles. According to research by Paul Carroll and Chunka Mui, the number one…
