The role of a leader in creating a successful business strategy
A leader lights the torch in a path of uncertainty and turbulance. This relies on a leader's ability to demonstrate Intuition, Optimism, Resilience: 1. The successful business strategy is usually driven by the leader's Intuition which effectively means clear vision and
Things to consider first when developing a business strategy
When developing a strategy try and reflect on the following questions – 1. Suitability - does the strategy close the gap between where the organization stands and where the organization wants to go? Does it really meet the long term strategic
The most important budget considerations for managing project deadlines
What cannot be measured cannot be controlled! Invest in an effective information system that enables your team to track time and cost across project tasks. Regularly review the project status in order to identify inefficiencies, gaps in the delivery chain
Gemini 4R’s model as a strategy for driving transformational change in complex environments
A powerful tool to manage complex transformational change is to use the Gemini 4R's model: Reframe, Restructure, Revitalize, Renewal.
Establish trust quickly with your new strategic partner
A great tool to conceptualize and practically cultivate trust with a new partner is the Trust Equation. The trust equation has 3 numerators and 1 denominator: Trust = [ Credibility x Reliability x Intimacy ] / Self-Orientation
Identify the right corporate and business level strategies
In evaluating and adjusting strategies it is important that a company has implemented appropriate information systems in order to collect and analyze data.
Select the business strategy consultant that is suitable for your company
Here is what you need to look out for if you are hiring a business strategy consultant: Commercial awareness and industry experience: they need to be able to walk the talk.Understand your specific business model and market dynamics Emotional intelligence and awareness
The best tools for developing innovative Business Strategy ideas
Use the Blue Ocean Strategy framework to redefine the industry borders and creare uncontested market space where competiton is irrevant. Break the cost-value trade off by offering a top quality product or service which capitalizes on technology to make this
5 key things that Business Strategy professionals should follow to stay up to date with industry trends
Staying up to date with industry trends and current developments involves: Reading books and journals Becoming part of a community of strategic thinkers Taking the time to attend niche courses on selected insustry topics