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 detail. (Click to enlarge) Embed…
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 points of differentiation that customer’s…
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 to develop our strategy, we’re…
