The Five Most Important Questions is based on a book written and published by Peter Drucker in 1993. The objective of Drucker’s original book was to provide non-profit organizations guidance to self-assess their performance. This edition published in 2008 was updated and enhanced by the Leader to Leader Institute in cooperation with six of the […]
Strategy Development
Book Review: The Five Most Important Questions…You will ever ask about your organization
Thursday, September 14th, 2017Posted in Book Reviews, Newsletter, Strategy Development
Business Killer: Complacency
Tuesday, August 15th, 2017Business Killer: Complacency Are you always striving to stay ahead of your competitors? Are you confident you have a strategy that will take you to a higher level, year after year? Or have you let complacency overwhelm your organization? Whether you have a thriving business experiencing double-digit growth, or struggling to achieve your goals, one […]
Posted in Business Killers, Newsletter, Strategy Development
Winners Plan…and Planners Win!
Friday, July 14th, 2017What does it really take to be successful in today’s fast-paced, competitive business environment? Two important factors are, 1) meticulously managing your day-to-day operations, and 2) planning strategically for the future, both short- and long-term. However, strategy management often gets short changed because of the rigors of managing the day-to-day business. In this post, we […]
Posted in Newsletter, Strategy Development, Strategy Execution
When is it Ever a Good Time to Examine Your Strategy?
Friday, June 30th, 2017When I ask business owners if now is the right time to examine their strategy, most often I get a range of reasons why the time is just not right. As you can imagine, with over 23 years as strategy management consultants, we’ve heard plenty of reasons: “We have too much going on right now, […]
Posted in Newsletter, Strategy Development
Strategy Requires “TLC”
Monday, May 1st, 2017TLC is commonly recognized as “Tender Loving Care,” and while it certainly applies to the CEO’s essential emotional commitment to the company, I like to define this acronym differently. As it relates to successful strategy management, TLC refers to the CEO’s commitment to “Time, Leadership and Change.” Let me explain. Time – Committing quality time to the strategy process […]
Posted in Leadership, Newsletter, Strategy Development
Book Review: Good Strategy/Bad Strategy: The Difference and Why It Matters, By Richard Rumelt
Saturday, April 1st, 2017Is your strategy a mix of slogans and goals, or a set of objectives that offer solutions to key problems? We reviewed Richard Rumelt’s book back in July 2011 when it was first released, and this seems like a good time to revisit some of his insights on the importance of having a strategy and […]
Posted in Book Reviews, Newsletter, Strategy Development
5 Reasons Strategic Plans Fail
Thursday, September 22nd, 20165 Reasons Strategic Plans Fail Why do so many strategies fail? Why is it that 80% of companies fail to achieve the full value of their strategic plan? What are the missteps that lead to a failed strategy? Over twenty-three years in business, our experiences have given us a unique perspective on these challenges, which […]
Posted in Newsletter, Strategy Development
Selling your business? You Need a Strategy!
Sunday, July 17th, 2016We recently attended a meeting with a panel of esteemed professional advisers speaking to the critical steps leading up to exiting your business. They spoke about the importance of quality of earnings, revenue growth, operating margin, cash flow and diversity of customer base as key measures to maximize value. While these measures are important in […]
Posted in Newsletter, Strategy Development
How to Strategically Navigate the New Economic Normal?
Sunday, February 21st, 2016One of the most confusing things about our current economic times is the complexity of it all. Wage growth is anemic, yet corporations are flush with cash. Interest rates are historically low, yet business investments are lagging. Market volatility is as severe as it has ever been creating uncertainty, and economic growth is slow. We […]
Posted in Leadership, Newsletter, Strategy Development, Strategy Execution
Strategy Requires Three Bones
Saturday, January 30th, 2016I recently came across a quote from country music singer Reba McEntire. Ms. McEntire is quoted as saying, “to succeed in life, you need three things: wishbone, backbone and funny bone.” As in life, in business these three bones can also be guiding principles to defining and developing successful strategy. A WISHBONE is for a […]
Posted in Newsletter, Strategy Development
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