August 24, 2015
The Broken Windows Theory originates in law enforcement. It aims at reducing crime rates. This is not the typical source of ideas for corporate management, isn’t it?
Actually, businesses can learn a lot from the successful implantation of this theory in the public sector. It can be transferred to many disciplines of management. Attracting and recruiting the best talent is one of them. Continue Reading →
August 20, 2015
We are back from our summer vacation in Rerik, a small seaside resort at the Baltic Sea. Once again, I learned a valuable management lesson where I didn’t expect it. This year’s summer lesson is about growth.
Conventional strategic wisdom tells you that every business should strive to grow. Growth is essential. If you don’t grow, you’ll soon lack behind. During our summer vacation, we found the perfect proof for the opposite: the restaurant that refuses to grow. Continue Reading →
July 21, 2015
Strategists always are some sort of consultant. They help businesses make their way into the future.
A consultant should have in-depth specialist knowledge, shouldn’t he?
So a strategist is mostly expected to provide answers to existential questions like What will our market look like in ten years? or How can I protect my customer base in the long term?
Who would expect a strategist to have more questions than answers?
The best strategist is the one who asks the most questions before he gives his first answer. Continue Reading →
July 13, 2015
To which group do you want your business to belong?
As with many things, it is much easier to write about good strategy making than to actually do it.
Every strategist and every business needs to make up his own guiding theme that gives him direction in the wide field of strategy making. I found mine a long time ago. A professor used a quote in one of his strategy lectures during my MBA course:
Some companies make things happen.
Some companies see things happen.
Some companies wonder that things happen.
He finished with the question “To which group do you want your business to belong?”
Continue Reading →
July 8, 2015
Last week, I was the victim of a total system failure. I was surrounded by a perfectly well designed system that was set up to protect me from any harm and – in case something bad should happen anyway – to lessen the negative effects.
If only one element of that system – including myself – had performed as it was intended to do, nothing bad would have happened. However, sometimes the unthinkable becomes reality. I had to endure the consequences.
Here is what happened: Continue Reading →
June 30, 2015
It seems as if I have spotted a new trend in management methods. I have observed it more and more frequently over the last couple of months. To my big surprise, other management writers did not pick up this topic on a large scale so far.
Did you ever hear about “Not yet decided”-management?
I just invented the term since there seems to be no better one around. Continue Reading →
June 23, 2015
Half of strategic planning is a craft that can be learnt. The other half consists of the working styles, experiences and personal attitudes of the key people involved. This is where the problems may start: Personal working styles and attitudes tend to be full of biases as well as of intentional and unintentional misjudgments.
Read how these can team up with typical problems in strategic planning processes in order to lead to disaster. Continue Reading →
June 17, 2015
Themanager.org and the strategy blog Eddielogic.com are your regular sources of food for thought and information on strategy.
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June 15, 2015
The first step to insight is to acknowledge that you can’t do everything on your own. You can’t know everything and you can’t be good at everything. This is especially true for taking activities one step further that you hadn’t changed for a long time.
Sometimes you get stuck with what you’ve always done that way or another. This is the moment when some objective and external view can help you to move forward. This is what we did today: Continue Reading →
June 12, 2015
Here are some brief quotes about strategy I came across yesterday. There is more truth about the nature of strategy in these few lines, than in some lengthy articles.
Read, enjoy, and take some wisdom with you: Continue Reading →