What is Strategy?

This is a summary of a discussion on strategy by Mark Nyman The first principle of strategy is that it describes the creation of two things: Differentiation Distinction Having a great goal, such as “We want to be in the top 5,” doesn’t help describe what creates differentiation and distinction in the market. You must be able to answer those questions. […]
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Don’t Axe the Golden Goose

The last thing anyone wants to do is slash the productive portions of a business, yet the first indication of non-strategic restructuring is across-the-board cuts.  The view is that every group or department needs to do their share so everyone will reduce some fixed percent.  A clear business strategy targets where and why each cut […]
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Strategy – The Key to Restructuring

Strategy – The Key to Restructuring

Business leaders commonly react to economic uncertainty by restructuring. While most managers agree that structure should follow strategy, few have a process for moving from strategy to restructuring.   With or without a strategic framework, restructuring goes on.  The result of not basing restructuring decisions on a clear business strategy has been that less than […]
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Are You Restructuring Too Soon?

Are You Restructuring Too Soon?

Business leaders commonly react to economic uncertainty by restructuring. While most managers agree that structure should follow strategy, few have a process for moving from strategy to restructuring. With or without a strategic framework, restructuring goes on. What results from not basing restructuring on a clear business strategy? Less than a third of restructuring efforts […]
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