Planning for strategic success Companies are always trying to strike a balance between the planning and implementation of their business strategies. When the planning stage takes up too much time and too many resources, there can be reduced efficiency and effectiveness. A strategy for strategy Because of this risk, many businesses look for ways to reduce [...]
Why is strategic planning important? Â The line from a poem written by Robert Burns in 1785, "the best-laid plans of mice and men often go awry," was famously put into common vernacular as the title for author John Steinbeck's 1937 novella 'Of Mice and Men'. It is a phrase that has come to mean [...]
Brexit Messes with Banking Strategy  When the seemingly impossible Brexit decision happened, all throughout Europe the many tributaries that run from legislation through to banking began to shift. Despite the fears of panicked leaders across the European Union, most it seems, hope to keep financial regulations in place and running as smoothly as possible. [...]
3 Business Strategy Lessons from Game of Thrones  The popular television show Game of Thrones is now in its sixth season and draws millions of viewers globally each episode. While a lot of what happens on screen is firmly within the realms of the fantasy world, the decisions of the characters can be seen to [...]
Customer engagement drives new business strategy  Businesses that adapt their strategic plans frequently are often far better placed to take a larger section of the market when the opportunity presents. In the digital age, now more than ever, conditions are changing before our eyes in rapid and sometimes unpredictable ways. It is important to have [...]
What is pattern-based strategy?  A pattern-based strategy is essentially the process of a business looking for signs of change, in order to be responsive and reactive at a macro level. Gartner defines pattern-based strategy as the discipline that enables business leaders to inquire, expand, examine and utilize new trade and marketing patterns. By mapping the [...]
How the device mesh will effect strategy  The device mesh is what techno-experts, trend setters and futurists are calling as the next big thing to move beyond the realms of applications and connected devices. The device web is a post-app world where devices are more linked than ever before. From every single receiving and delivering [...]
How to build a networked strategy  Business strategy at its very core is about honing in on what makes something work, and formulating a plan in order to capitalize on pre-established areas of success, as well as preparing for future growth. Innovations in business strategy are currently one of the major avenues of technological and [...]
Does your business have the right strategic direction?  The strive for market share is one that needs a solid grounding in strategy. A firm must understand their product from conception to creation in order to get the right mix of strategic direction. Different kinds of businesses need different kinds of strategy, and therefore a solution must [...]
Between stimulus and response: How mindfulness can boost your strategy power  Occasionally in business, leaders are struck with a shortsighted approach; unable to uncouple their personal vision from the task at hand, their business strategy becomes narrow-minded. Because of the dynamic and rapid pace of contemporary business, leaders need to be adaptive and broad [...]
