Changing the Way the World Thinks about Strategy

Archive

Category Archives for "Strategic Thinking"

Push Strategic Growth with the 20% Rule

If you’re familiar with Google, you may have heard of the 20% rule they’ve followed since their early days as a startup.  The simple rule says that every key employee needs to spend 20% of their time on projects that have no immediately visible payback for the company.  While 20% may seem like a lot, […]

Continue reading

How to use multiple scenarios in planning

Scenario planning can be a very important part of your strategic plan. One question that sometimes comes up is should I use a single scenario or multiple scenarios? Another question is with more than one, how do you choose what the scenarios are? Should you use more than one? A single scenario is the basic […]

Continue reading

Make strategic thinking easier

You’ve seen it happen, perhaps dozens of times:  A company makes some choice that looks good on paper, but leads to major strategic problems.  No one is immune to this problem, because good strategic thinking is hard.  Why is this?  And how can we make strategic thinking easier? There are three basic reasons why good […]

Continue reading

Strategic Performance

One of the great challenges in executing a strategic plan is getting the team to perform and be motivated by the strategy. Indeed, strategic performance in implementation is the achilles heel of strategic planning.  It’s common to hear people say “We did strategic planning, but it didn’t change anything.”  Obviously, the way you approach strategic […]

Continue reading

How to Predict Trends by Finding Limits

In the first two articles about predicting the future, we looked at types of curves and leading indicators.  These tools are useful ways to predict trends, but tends have limits, too.  Today, we will look at the types of things that disrupt predictions made with the first two tools – or any other tool. In […]

Continue reading

Predicting with leading indicators

We can improve our predictions in strategic planning by predicting with leading indicators.  You may have hear of the Composite Leading Indicators, a statistic used by the Federal Reserve to predict recessions.  This tool is a good way to anticipate changes in a dynamic system.  Choosing important leading indicators for your business may be simpler […]

Continue reading