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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 EpisodesLeadership

Extreme leadership versus balanced leadership

Amundsen and Scott raced against each other in 1911/12 to South Pole. They choosed two contrary strategies, tactics and leadership styles to be the first one at the pole: extreme versus balanced leadership. Immerse yourself in two completely different paths to one goal: making the impossible possible.
We wish you all a merry christmas and a healthy, fulfilling and lucky new year!Continue readingExtreme leadership versus balanced leadership

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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 EpisodesOrganization

Sales Performance – How to stay on track despite Corona

Due to the current situation, we observe that many companies struggle with staying on track with their sales performance. But what are companies doing differently that manage to thrive even in these turbulant times? What is their key for success when it comes to sales performance?Continue readingSales Performance – How to stay on track despite Corona

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Companion Channel EpisodesLeadership

How (fr)agile we are! A laudation for (classical) project management

Aren´t we used to it? At least every 10 to 15 years we see these big fusses in management practice again: Total Quality Management in the 80s, Lean & Kaizen in the 90s, Process Management & ISO Certificates in 2000s and now it´s all about Agility. Agility has also reached project management and is often used as an “excuse” to disregard important fundamentals of classical project management, which are ultimately critical to the success of a project. Keep reading, if you want to lead projects successfully…Continue readingHow (fr)agile we are! A laudation for (classical) project management

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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

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Companion Channel EpisodesLeadership

Mythos Purpose

Purpose, purpose, purpose – every company since some years is looking for its purpose. Purpose seems to be the solution for every problem our companies are facing: achieving better results in business, finding and binding talents, or pushing internal collaboration beyond functional borders. But in most cases the results of semantic exercises defining the purpose are poor, often empty of content, interchangeable and exaggerating the own business into a higher sense that has nothing …Continue readingMythos Purpose

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Companion Channel Episodes

Flatten the curve

Today we recommend a video from Ray Dalio called “How the economic machine works” in times when it comes to central banks printing money and governments using this printed money to stimulate the economic system – a very risky time! Watch out if you’d like to see how to flatten out the threatening economic downturn these days.Continue readingFlatten the curve