Strategy Spring Training: Part 2

February 21, 2013

2. Barometer. Imagine the following: you make an appointment to see your doctor after several weeks of worsening cold and flu symptoms. The doctor finally enters the exam room and you exchange a few pleasantries. However, she doesn’t ask you any questions or take any tests. She writes a prescription, hands it to you, and leaves. You’d think this was nuts,…

Strategy Spring Training: Part 1

February 19, 2013

Major League Baseball’s annual spring training means the welcoming back of warmer weather, the smell of freshly mown grass and another year of the Chicago Cubs not winning the World Series. Men making millions of dollars a year, the best in the world, invest approximately six weeks to refresh on the basic skills of the game. When is the last…

Will You Be Lunch?

February 6, 2013

Business strategy is defined as the intelligent allocation of limited resources through a unique system of activities to outperform the competition in serving customers. Nestled in the middle of the definition, this idea of differentiation is perhaps the most overlooked tenet of strategy. Differentiation for competitive advantage in business has its roots in science. In 1934, Moscow University professor G….