by Dana Baldwin | Jul 12, 2018 | Competitive Strategy
Challenge By setting forth a challenge to the appropriate people, top management will encourage innovation. Furthermore, without a challenge, there may be no drive to innovate and nothing to provide the impetus. For example, President John F. Kennedy challenged the...
by Dana Baldwin | Jun 28, 2018 | Competitive Strategy
Internal communication is a key component of innovation The innovation process will be better when everyone understands the company goals and objectives. Additionally, internal communication based on openness and trust helps to set this atmosphere. Internal...
by Dana Baldwin | Jun 21, 2018 | Competitive Strategy
A creative atmosphere fosters innovation. This is a cultural matter you must encourage and nurture, but it is not as simple as flipping a switch. One must set an environment that encourages people to think in unusual and creative ways. This is not easy to accomplish...
by Dana Baldwin | Jun 7, 2018 | Strategic Planning
In developing our strategic plan, we spend significant time analyzing our market segments and our competition. There are other important factors which can affect our strategies, even our ability to continue in business as usual. Most organizations will have most or...
by Dana Baldwin | Apr 19, 2018 | Other Strategy
Succession planning for key personnel is an important part of good strategy. Succession planning becomes even more important when the person involved is an owner. Previously we have written about succession planning and the things an organization should do to...
