The concept of cross-industry innovation is getting more and more attention. This is for a good reason. The combination of maturing industries and disruptive change makes the traditional approach to innovation within the boundaries of an industry less effective.
Measurements and indicators – You will only get what you ask for!
Measures and indicators are important tools for every manager. They tell us how we have performed in the past (lagging indicators) or what to expect in future (leading indicators). It is common sense that business-related measures and indicators help managers to make better decision. However, the value of these measures largely depends on a wise […]
Moments of Impact: How to Design Strategic Conversations That Accelerate Change
For me, this book turned out to be the perfect reading when I was unsatisfied with the traditional strategic planning process in our dynamic, volatile, and unpredictable world:
Strategy Safari – The complete guide through the wilds of strategic management
This book was the nugget of my complete MBA reading list. All the other books were text books and thus more or less easy to understand. This one, however, was the only one I read as a page-turner.
Strategy making in the past and today – Part 2: Problems with the traditional strategy process
This part two of our article series about traditional and new approaches to strategy development looks at the problems related to the traditional strategy process. They mainly arise from today’s dynamic and unpredictable business environment – a condition that the original process was not designed for.
Strategy making in the past and today – Part 1: The traditional strategy process
Management theory and practice widely accept today that businesses operate in a more and more complex, dynamic, less predictable environment. This situation requires managers to develop new ways of thinking and acting. Nevertheless, many managers still follow the old approach of strategic positioning and strategic planning. This basic model proved to be very worthwhile for […]
Strategy and change – natural order or chicken-and-egg problem?
At the first glance, it is common sense: at first, a strategy is developed. Then, change is necessary in order to implement that strategy. The logic of this order is striking, isn’t it? Unfortunately, life is not as simple as we would prefer. It would be shortsighted to see change only as a means of […]
Corporate culture – Do not underestimate its impact on merger success
It is widely recognized that cultural differences between the partners of a merger are one of the most common reasons for failure in mergers. This may happen during pre-merger negotiations or during post-merger integration. Despite all Due Diligence, the two partners of a merger fail to form a new successful unit that is able to […]
The Differentiation Challenge
This is a guest article from Jean-Claude Saade: On any given morning, if we open a newspaper it will be full of advertisements, messages and offers. At 10:00 am, let us try to remember the ads we have seen a couple of hours ago. We might remember something, only sometimes, but most of the time […]
The big shift in strategy
The last decades have brought a dramatic change in the external environment for almost every business. What has been a fairly stable and predictable landscape for a very long time has become a mix of dynamic, ever-changing and unpredictable forces. It is almost common sense now that the traditional approach to strategy, which builds on […]
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