How to Practice Strategy Skills
How do you develop strategy? More important, how do you get better at developing strategy? Strategic thinking and planning skills don’t magically appear when you get promoted. They need to be practiced and honed just like any other skill. Research shows the #1 cause of business failure is bad strategy. Not being strategic is no longer an option. The good…
The Same is Not Strategic
How often do you find your company doing the same things in the same ways as your competitors? Many managers are trapped in this loop of operational effectiveness: doing the same activities in the same tactical ways as others. A study of 200 companies found that 93 percent of the top 20 percent of performers have a strong form of…
Strategic Thinking Can Kill Bad Meetings
A company’s annual conference, whether it be for marketing, sales, or a new product launch, is an amazing opportunity to create real dialogue on key business issues across the organization. Unfortunately, the majority of these meetings are 80 percent presentation and 20 percent conversation. The dog and pony show meetings have to go. While it may seem like a good…
Strategic Thinking for Executive Management Teams
“One-third to one-half of new chief executives fail within their first 18 months.” —Harvard Business Review A popular mantra today is “fail fast and fail often.” If you follow this practice as a senior leader, research shows you will soon be an unemployed senior leader. As Twitter co-founder Jack Dorsey said, “What’s the worst advice you see or hear given…
Defeating Internal Dysfunction
Many leaders spend countless hours worrying about the competition and reacting to their every move. However, a survey of senior executives showed that their biggest barrier to continued profitable growth is internal dysfunction. In this brief video, I’ll share three techniques for helping your team overcome these challenges using strategic thinking, strategic planning and strategic leadership.
Super Bowl Strategy
Super Bowl 53 (or LIII for those who still speak fluent Latin) will be remembered as a defensive battle that yielded the fewest total points in Super Bowl history. While the New England Patriots were slight favorites, the Los Angeles Rams boasted a high-octane offense which averaged 32.9 points per game. Unfortunately, they ran into the NFL’s best strategist in…
Do You Have an Invisible Plan?
In the novel by H.G. Wells entitled, The Invisible Man, a scientist by the name of Griffin works on a process to become invisible by changing the body so that it neither absorbs nor reflects light. Interestingly, the same phenomenon occurs when a leader does not have a plan. The leader neither absorbsinsights about the business nor reflectson the business…
Time for a Leader
Too often in the waves of activity, leaders lose sight of where they are investing their most important resource–time.
The Year in Strategy
“Friends congratulate me after a quarterly-earnings announcement and say, ‘Good job, great quarter,’ and I’ll say, ‘Thank you, but that quarter was baked three years ago.’ I’m working on a quarter that’ll happen in 2021 right now.” …
Strategy Skill Development
What is the most important skill for senior leaders to develop? According to 400 talent management executives, it’s strategic thinking.
