September 4, 2015
by Dagmar
4 Comments
I may be lagging behind a bit – I discovered the term “VUCA†only this week. The words this acronym stands for are, however, well known and present for everyone concerned with strategy and management these days. Management theory and … Continue reading
March 17, 2015
by Dagmar
1 Comment
The term ‚profit’ stands for the difference between revenue and costs. However, for one and the same activity, profit does not necessarily have to be the same number under different points of view. Different accounting standards or special regulations for … Continue reading
February 3, 2015
by Dagmar
3 Comments
Effectiveness and Efficiency – there is still a bit of confusion about this pair of terms. Sometimes, they are used interchangeably. The distinction seems to be a bit blurring. I guess one part of the problem is that these terms … Continue reading
February 18, 2013
by Dagmar
Comments Off on The Terminology of Strategy – When Leaders Mistake Execution for Strategy
There is an interesting article about the terminology of strategy at strategy + business: How Leaders Mistake Execution for Strategy (and Why That Damages Both) by Ken Favaro. Its subtitle is When leaders substitute visions, missions, purposes, plans, or goals … Continue reading
November 7, 2006
by Dagmar
Comments Off on Market Share Orientation vs. Profit Orientation
Today I read an announcement for a new book from German management consultant and thought leader Hermann Simon. As it says, he urges managers to shift their primary focus away from market share orientation towards profit orientation. Simon argues that … Continue reading