Strategy, for me, is the adaptable path towards a vision. For many companies, however, certain things, like their business model and pricing structures, are almost set in stone, which eliminates this element of adaptability. Read about the five elements I look at in a strategy development process.
Tag: Strategy
Strategy in turbulent times
At a 2019 Drucker Conference on ecosystem strategy, I heard one panelist say "Strategic planning is dead." Nothing could be further from the truth. Strategic planning as we have been taught it in management schools is dead - it has…
Total compensation: key to effective strategy execution
Total compensation has always been an essential component of a company’s strategy. It is gaining importance now, as people re-evaluate their individual situations. Work and life have truly become integrated elements in people's lives through the pandemic, as many were…
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Cultivating entrepreneurial hotbeds within organizations
It's hard for many of us to imagine a business functioning well in the absence of a multi-level organizational structure. Many lament silos, yet organizations continue to try to operate with them intact. Can you imagine a product making it…
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