1299 Posts found for Source: strategy+business

The trouble with innovation is that it’s unpredictable. New businesses tend to be small and failure rates are high. They don’t operate with the same rhythm as core businesses, and their size and scope are insignificant relative to core businesses. That’s problematic if you’re running a P&L, and that’s why resource allocation should not be wedded to a particular line of business. It should be … [ Read more ]

Content: Quotation | Author: Rita Gunther McGrath | Source: strategy+business | Subjects: Finance, Innovation, Management, Strategy

How does a capable strategist choose the best adjacencies strategy for his or her company? I say focus intently on answering this question: What adjacency moves would best enable you to bolster the value proposition of your current business or exploit and scale the distinctive capabilities you already have? Gird yourself to resist the alluring temptation to pursue adjacencies to compensate for slowing growth in … [ Read more ]

Content: Quotation | Author: Ken Favaro | Source: strategy+business | Subject: Strategy

Whereas making strategy about competitors can be highly destructive, making it about the customer encourages leaders to find ways to win without having to pay the price for their victories. Does this mean that competitors can be safely ignored when it comes to strategy? No. Understanding competitors’ value propositions is one effective way to generate new thinking on how to improve your own value propositions. … [ Read more ]

Content: Quotation | Author: Ken Favaro | Source: strategy+business | Subjects: Customer Related, Strategy

The former CEO of the Girl Scouts has spent decades bringing professional management to nonprofits.

Content: Thought Leader | Authors: Frances Hesselbein, Sally Helgesen | Source: strategy+business | Subjects: Leadership, Management, Nonprofit

Reading others requires going deeper than their intentions and capabilities […] We need to get down to the level of drivers and constraints.Intentions are manifestations of a person’s underlying drivers. When you understand why people have certain intentions—what’s driving them—you can better anticipate what their future intentions will be. The same is true of capabilities. We often ask what a leader is able to do. … [ Read more ]

Content: Quotation | Author: Zachary Shore | Source: strategy+business | Subjects: Competitive Intelligence, Organizational Behavior, Personality / Behavior

An executive stepping into a new role tends to have two top priorities: how best to allocate financial resources and how best to allocate human resources. And while that may seem like a logical way for new leaders to make their mark, Mindy Hall says that mind-set is problematic.

Content: Article | Authors: Eric McNulty, Mindy Hall | Source: strategy+business | Subject: Management

Asking how you can make better, faster, and cheaper widgets assumes that you should be making widgets.

Content: Quotation | Author: Theodore Kinni | Source: strategy+business | Subjects: Innovation, Management

The Harvard Business School professor explains how leaders can harness collective genius to achieve innovation success.

Content: Thought Leader | Author: Linda A. Hill | Source: strategy+business | Subjects: Innovation, Organizational Behavior

My opinions about other people feel like facts. My brain distinguishes very little between “2+2=4” and “you are annoying and lazy.” I feel certain that both are objectively true.

That’s a big problem. Being good at giving feedback requires us to know the difference between fact and opinion (even when it’s well reasoned), not because it changes the content of the feedback we give, but because … [ Read more ]

Content: Quotation | Author: Douglas Stone | Source: strategy+business | Subjects: Communication, Human Resources, Management

If there’s any leadership task that is harder than listening with an open mind even when you have a strong view, I haven’t encountered it. And surely, none is more important.

Content: Quotation | Author: Douglas Stone | Source: strategy+business | Subjects: Communication, Leadership

Assessments can say a lot more about us than about the thing that we believe we are describing.

Content: Quotation | Author: Pete Hamill | Source: strategy+business | Subjects: Organizational Behavior, Personality / Behavior

As human beings we love nothing more than being right, and […] when we are right, we are generally making someone else wrong. True humility is, at least in part, being able to see one’s own assessments as assessments, rather than believing them to be truths.

Content: Quotation | Author: Pete Hamill | Source: strategy+business | Subjects: Personal Development, Personality / Behavior, Thought

Innovation often comes from having an eclectic approach. It’s less about expertise and more about minds that can think through details while focusing on the bigger picture. It’s about having an aptitude for both the qualitative and the quantitative. It’s also about the ability to mesh a wild idea with reality, and the fortitude to bring it to market.

Content: Quotation | Author: Lisa Bodell | Source: strategy+business | Subject: Innovation

In a paper written almost two decades ago, Miles Bryant, a professor of education administration at the University of Nebraska–Lincoln, compared Western leadership beliefs to those of Native Americans from six Plains tribes. Bryant and a group of graduate students sought to learn how culture figures in conceptions of leadership. The variances can be a catalyst for thinking more deeply about what makes an effective … [ Read more ]

Content: Article | Author: Eric McNulty | Source: strategy+business | Subject: Leadership

The Darden School of Business professor describes a new framework for predicting conflict outcomes.

Content: Thought Leader | Authors: Kristin Behfar, Laura W. Geller | Source: strategy+business | Subject: Organizational Behavior

How do you shape your strategy for the age of the inevitable hack?

Content: Article | Author: Eric McNulty | Source: strategy+business | Subjects: IT / Technology / E-Business, Management, Strategy

Being honest about the expenses that go into developing and distributing a product can increase sales and enhance a firm’s bond with consumers.

Content: Article | Author: Matt Palmquist | Source: strategy+business | Subject: Marketing / Sales

The best time to invest in relationships, alignment, and trust is in the early stages. But what can you do when the team is already stuck in withdrawal or gridlock? The precise moment when trust is most needed is often when it is hardest to get people to the table. In my experience working with teams, the following five strategies can help.

Content: Article | Author: Elizabeth Doty | Source: strategy+business | Subject: Organizational Behavior

The experience of … entrepreneurs reflects an unfortunate reality: companies are set up to perform. They are not set up to produce. If they were more capable at producing, they would not have to worry about combating disruption from outside. They would already be skilled at redesigning, disrupting, and innovating from within.

As a rule, large organizations do a poor job of distinguishing between high-profile … [ Read more ]

Content: Article | Authors: John Sviokla, Mitch Cohen | Source: strategy+business | Subjects: Innovation, Management, Organizational Behavior

How to make data your source of sustained growth.

Content: Article | Authors: Ken Favaro, Ramesh Nair | Source: strategy+business | Subject: IT / Technology / E-Business