Strategic Thinking and Business Strategy

In an attempt to piece together a fuller picture of strategic thinking, I’ve created the following infographic. It’s designed to highlight key research findings and examples related to strategic thinking, or in some cases, a lack thereof. The data sources outside of my research have been listed after the graphic for those interested in greater … Continue reading Strategic Thinking and Business Strategy

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Is your group strategic?

1. Does everyone in your company have the same definition of strategy? Yes | No 2. Do people understand the difference between goals, objectives, strategies and tactics? Yes | No 3. Have the different groups in the organization clearly defined their goals and shared them with others? Yes | No 4. Do you clearly communicate your product/service … Continue reading Is your group strategic?

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Best Practice Isn’t Strategy

The term “best practice” is a misleading one. “Best” is too often perceived as a universal. The reality is that an organization’s success and/or failure is determined by a number of factors, including the current context, competitive landscape, customer value drivers, internal culture and so on. So when we use the concept of best practice … Continue reading Best Practice Isn’t Strategy

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