Will You Be Lunch?

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 … Continue reading Will You Be Lunch?

Those headwinds, they are a blow’in

Good people of the business world, take cover! No, it’s not a tsunami, or hurricane or even a tropical storm. It’s the new scapegoat: headwinds. In a Wall Street Journal article entitled, “Sprint Loses More Customers,” Sprint Nextel CFO Joseph Euteneuer said, “We faced a number of competitive headwinds that became more pronounced in the … Continue reading Those headwinds, they are a blow’in

Book Smart…or Not So Smart

Borders filed for Chapter 11 bankruptcy protection this week (“Borders Begins a New Chapter…11“). The reasons ranged from price battles with internet retailers like Amazon.com to carrying too much debt. But the real problem was a lack of strategy. Like so many other companies that experience early success and then falter, Borders failed to evolve … Continue reading Book Smart…or Not So Smart