Tag: Strategic Thinking

Business Strategy: How To Get Rid Of A Headache

I bent over to fill the cat bowl the other night and vaguely remember slipping on a rug. The next thing I remember is waking up with my wife holding my head and my brain doing flip-flops. I’m still not sure exactly what happened, but am sure—based upon my head pain—that I smacked my noggin […]

Business Strategy: Yes, you can make a pig fly

Companies that try to serve multiple masters with one model get into trouble Years ago, I got a call from a customer who was mad as hell. She was from Dearborn, Michigan, and frequented a store we had there. At the time, I was in charge of 350 Kinko’s stores. (For you youngsters who weren’t […]

Business Strategy: Inertia–Darn Sticky Stuff!

Everyone encounters the need to break inertia When organizations “stand still” for very long, they become stuck. This isn’t always a bad thing. In fact, the execution of strategy is really about building structure (for example, systems, rewards and organizational design) to make sure the organization is aligned and focused. When change is required, however, […]

Lemonade Stand on a Closed Road

Position your business for success As I write this, it’s finally warm out and the lemonade stands — staffed by budding young entrepreneurs — are starting to pop up. This is a great learning experience for a young lass or lad, but might it also teach us something? On the way home from a recent […]

Business Strategy: Be Different!

At the end of the day, there are really only two ways to win in business, assuming you have a viable market: (1) be like others and execute better or (2) be different. I’ve had clients who’ve succeeded in both camps, but those who took a different approach were more successful — both in top-line […]

Now That’s a Stretch! Brand Elasticity

A Wall Street Journal article on September 20, 2010, stated that Hyundai is coming out with a new luxury car. A Hyundai luxury car? Isn’t that a bit like gourmet Velveeta? It begs the question, “How far can you stretch a brand?” A typical strategic position would be to own a spot on the map, […]

Business Strategy: Ready for Your Road Trip?

Years ago when my four children were small, my wife and I took them on a road trip to see their grandparents. I had told the three oldest kids that we were getting up in the morning to drive to the Midwest. Our youngest son Danny, who was 3 at the time, was already in […]

Business Strategy: Craftsmanship

My brother is in management at a large financial firm but is as good at construction as any contractor. Whether it’s a deck, a finished basement or a sauna, he builds it perfectly. Likewise, my friend, John — an engineer — is a great woodworker. He builds grandfather clocks that Angela Merkel would be pleased […]