Blog Archives

What is the difference between Vision, Mission, Purpose, Strategy, and Tactics?

We would argue that one of the biggest reasons organizations are so complex is because we have a hard time just agreeing on terminology.  Communication is a key to organizational health and prosperity.  And, in order to communicate effectively, executives

Posted in Strategy Development

What is Strategy?

In my 20 years in the business world, I don’t believe I’ve seen a term that has greater variation in definition then “Strategy”.  On the other hand, there is no greater tool to drive sustained organizational growth than “Strategy” –

Posted in Strategy Development

You Cannot Manage What You Do Not Measure

It’s hard to get analysis right. And even when you do, it’s hard to get it consistently right. You increase your chances with a good process that prevents common pitfalls like these: Failing to establish measurements of success before deployment.

Posted in Strategy Development

What is Strategy?

Some companies are adjusting their strategies to compensate for the current economic conditions, but if “strategy” is the long-term blueprint for an organization, why change it for temporary insecurity? Michael Porter, Harvard Business School professor and leader of the University’s

Posted in Strategy Development

Developing a Sound Business Model

Portero, which operates an online market for luxury goods, secured $6.6 million in venture capital financing earlier this month. In the press release announcing the deal, one of the investors, LFE Capital Chief Executive Leslie Frécon, lauded Portero’s business model

Posted in Strategy Development

The Soft-side of Strategy

I recently read “Wired to Care: How Companies Prosper When They Create Widespread Empathy”, by Dev Patnaik. He is an advocate of empathy for business people as it helps them discover unseen opportunities when they develop a personal and empathic

Posted in Strategy Development

Why Companies Fail

One of my readers asked me if I’d read Jim Collins’ book Good to Great in response to the story of a customer’s winning strategy and how it related to the origins of strategy management consulting. I had read the

Posted in Strategy Development

The Difference between Strategy & Purpose

A business strategy is not a purpose or vice versa. I believe that this clarification is critical to understanding how to motivate and move your organization. Purpose is all about vision and passion – “purpose” is bigger than “strategy”. It

Posted in Strategy Development

HP’s Secret Sauce

In today’s business environment, any organization that wishes to exceed customer expectations and stay competitive needs a long-range strategic plan. This plan must be forward-looking, visionary and achievable, while at the same time striving toward continuous improvement of the organization’s

Posted in Strategy Development