StrategyNotes

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How Competitive Forces Shape Strategy

The essence of strategy formulation is coping with competition. Yet it is easy to view competition too narrowly and too pessimistically. While one sometimes hears executives complaining to the contrary, intense competition in an industry is neither coincidence nor bad luck.<p>Moreover, in the fight …

Innovation

The Origin of Strategy

Consider this lesson in strategy. In 1934, Professor G.F. Gause of Moscow University, known as “the father of mathematical biology,” published the results of a set of experiments in which he put two very small animals (protozoans) of the same genus in a bottle with an adequate supply of food. If …

Innovation

Escaping the Doghouse: Winning in Commoditized Markets

<b>Perspective</b><br>Thursday, April 16, 2015<br>Commoditization is often seen as the kiss of death for an industry. Boding ominously for profit margins, it brings …

Blue Ocean Strategy

A onetime accordion player, stilt walker, and fire-eater, Guy Laliberté is now CEO of one of Canada’s largest cultural exports, Cirque du Soleil. Founded in 1984 by a group of street performers, Cirque has staged dozens of productions seen by some 40 million people in 90 cities around the world. In …

Innovation

Why Strategy Execution Unravels—and What to Do About It

Since Michael Porter’s seminal work in the 1980s we have had a clear and widely accepted definition of what strategy is—but we know a lot less about translating a strategy into results. Books and articles on strategy outnumber those on execution by an order of magnitude. And what little has been …

Management

This wind turbine can think for itself

These undulating wooden blades are harvesting wind. The €60,000 (£43,000) Hercules turbine is built by Italian company ENESSERE and can provide up to …

This Graphic Explains 20 Cognitive Biases That Affect Your Decision-Making

We all make bad decisions sometimes, but have you ever wondered what mental obstacles can lead you astray? This infographic goes over 20 of the most …

How to Write a Great Business Plan

Few areas of business attract as much attention as new ventures, and few aspects of new-venture creation attract as much attention as the business plan. Countless books and articles in the popular press dissect the topic. A growing number of annual business-plan contests are springing up across the …

Small Business

The Complete Guide To The 5 Types Of Organizational Structures For The Future Of Work

Over the past few weeks I’ve been writing about various types of organizational structures that either already exist in today’s business landscape or are starting to emerge as viable options for the future of work. I explore each of these structures and concepts in my book <i>The Future of Work:</i> …

What's The Difference Between Strategy And Tactics?

Dear Liz,<p>I love your columns and I read them all! I just graduated with my degree in Communications and I am lucky to have already started working. I got the job offer over winter break this past January because I was an intern in my company during the fall of my senior year. I’m in the Client …

Leadership