Category: Business Strategy

Business StrategyExamples: WeWork Doesn’t Work

In an apparent example of breathing his own exhaust, the founder of WeWork — now rebranded We Companies (We) — recently invested in another company tied to his hobby, surfing. When your current business model loses a dollar for each dollar it earns in revenue, wouldn’t you want to fix that first? We is private, [...]

Business Strategy: What Can We Learn From Xi?

“Xi does feel a sense of crisis… From Xi’s perspective, he believes his policies are correct, but the problem is they aren’t being implemented properly.” —Wall Street Journal talking about China’s paramount leader If only those fools would implement my policies everything would be fine! Perhaps I should “disappear” a few more! When people refer [...]

Business Strategy: When to Take Your Own Path

It’s early season and I’m skiing on a Tuesday, which is a luxury. Weekend traffic in Colorado ski country is soul robbing. (If you’re planning a trip, think about Utah!) We have a better-than-average snowfall, and on my first chairlift I notice that a snowboarder ducked a rope and got a great line right under […]

Business Growth: Paul Romer to the Rescue!

I’ve just scratched the surface in my quest to better understand Paul Romer’s insight into growth. Romer won the 2018 Nobel Memorial Prize in Economic Sciences — shared the win, actually. One of Romer’s central themes is that resources are fixed and innovation is unlimited. You can’t create anything of a physical nature; you can […]

Business Strategy: Desperate For Revenue

This is a picture of a monkey backpack my wife bought for one of our grandsons today at OfficeDepot. He’s not yet 1 year old, but as you can see, the backpack is quite small. It’ll probably hold a diaper or two and a tube of mushed pea baby food. It was on sale for […]

What Is Strategic Planning?

What is strategic planning? Well … for one thing, it’s perhaps the most misused phrase in business! Let’s start with what strategy is. On second thought, let’s start with what strategy is NOT! It’s not a budget. It’s not a fat document. It’s not that thing you do every November. It’s not a mystical chant. […]

You Must Know The Critical Elements Of Strategy

“Having determined your destination, you set sails, motivate rowers, adjust for winds and currents, avoid shoals and rocks, allow for surprises, and expend finite energy efficiently. You control some things, but align yourself with others. You balance, while never forgetting that the reason you’re balancing is to get from where you are to where you […]

Business Strategy: Is a Competitive Advantage Sustainable?

If your strategy doesn’t identify what specific markets you compete in and why people will buy from you versus your competition, then your strategy is bad. You’re going to need to rely on luck. In fact, if you’re in a high-margin business, you may not know it but you’re being hunted. High-margin businesses naturally attract […]