Category: Business Strategy

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: 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 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. […]