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Companion Channel EpisodesStrategy

STRATEGY PROCESSES KEY LEARNINGS (2/3) – DYNAMICS

Welcome back to our companion channel!
We already talked about FOCUS as one key element of good strategies. Today we are going to continue our little series and have a look at DYNAMICS as second key element of a thorough Corporate Strategy development process. In a VUCA world, good strategies need to be highly adaptable to a fast changing environment. But what does that practically mean? Let´s have a look!Continue readingSTRATEGY PROCESSES KEY LEARNINGS (2/3) – DYNAMICS

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Companion Channel EpisodesStrategy

STRATEGY PROCESSES KEY LEARNINGS (1/3) – FOCUS

What makes your corporate strategy a good strategy? In our work we found, despite all individual differences, three elements: focus, dynamics and ambition. Today´s video talks about the first element.Continue readingSTRATEGY PROCESSES KEY LEARNINGS (1/3) – FOCUS

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Companion Channel EpisodesStrategy

A key barrier to change: SUNK COSTS

In a world that is becoming more and more complex, entrepreneurial decision making is much more difficult than it used to be in the past. In times of constant change, wrong decisions can and do happen. It is the reluctancy to course correct decisions that often leads to high investments into projects that are already dead. In this weeks companion channel, we will shed some light at this phenomenon which is known as the sunk cost fallacyContinue readingA key barrier to change: SUNK COSTS

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Companion Channel EpisodesStrategy

Deciding under uncertainty

In view of the exponential increase in corona infections in fall 2020, we realize that we live in times of radical uncertainty. Unknown unknowns present a dilemma for entrepreneurial decisions. Continue readingDeciding under uncertainty

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Companion Channel EpisodesStrategy

Weak in execution? How to get things done in strategy implementation

It is no secret that strategic initiatives in companies are often subject of failure. In many cases, companies overinvest in what is as opposed to what might be. The struggle to execute strategy declarations into everyday business leads to poor outcomes and strategic goals might not be accomplished. What can you as a leader in your organzation do in order to overcome weaknesses in strategy implementation? Here are some straight forward and easy to implement tips.Continue readingWeak in execution? How to get things done in strategy implementation