Tag: Business Strategy

Effective Leadership: Doh, Homer!

Principles Rather Than Rules Homer Simpson needs rules. He’s a dolt (albeit a funny one!) who works in a nuclear power plant. Generalities and “using your own good judgment” aren’t positive things! Most of us aren’t Homer Simpson. The principles that govern a power plant are probably something such as safety above all, precision a [...]

CEO Coaching: Don’t Be a Firefighter — Be a Pilot!

Running a company (with the help of many others!) requires thinking about numerous things — often simultaneously, it seems. Your top competitor just launched a great product, your VP of HR has some very disturbing numbers about turnover, and your bank is worried that you’re close to breaking a covenant. And then there’s that upcoming […]

Big Problem? No Problem! Do the Putty!

Not so long ago, Russia had an explosion at a missile testing site. All good, says Vlad the Putty. No problem. Then, mysteriously, four nuclear monitoring sites went silent. “Transparency” and “Russian government” are two terms rarely used in the same sentence unless it also has the words “no, nyet or are you kidding?” Dictatorships […]

CEO Coaching: Strategic Review

You’re the CEO. You’re supposed to be the strategy expert. How do you feel about that? Nervous? Most CEOs spend 99% of their time (sometimes 100%) on execution. Perhaps they’ve been fooled by consultants who shout, “It’s all about the execution!” Execute what? Most have never been trained on how to create a new strategy. […]

Business Strategy: Use Reason, But Serve Passions

“Reason is, and ought to be, the slave of the passions and can never pretend to any other office than to serve and obey them.” —Thomas Hume Hume’s use of the word “passions” is currently thought to mean “desires.” As a guy who favors thinking over feeling in decision-making (i.e., if you’re a Myers Briggs […]

Business Strategy: Plans or Luck?

A successful CEO recently told me how several of his senior leaders presented potential acquisition targets to him in the past year that were “must do” deals. Funny, he thought, that after they were outbid or lost for some other reason, they became “no big deal” deals.  Only fools would completely ignore opportunities that they […]

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!

Satisfying needs is how you trade your stuff for money 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. […]