One of the most important components of corporate resilience is firm culture. A company’s culture defines how it views itself, how it acts and even how it thinks. Firms with strong cultures are often able to thrive under very difficult conditions while firms with weak cultures can struggle even when it has extensive resources and […]
Many valuation methods are directly or indirectly based on projecting potential firm performance in the future. While it is sensible to consider a firm’s ability to create future economic value in the valuation process, forward-looking valuation approaches all share the analytical weakness that the future cannot be predicted with certainty. Due to the negative consequences […]
Inherent in the process of strategic planning is assumptions about levels of business certainty. One way to approach strategic planning is to take what is known about a firm and market conditions and design an approach for maximizing shareholder value based on that knowledge. In this approach, certainty is often viewed as positive and uncertainty […]
Business development by definition often involves transformation and transformation very frequently requires overcoming different types of obstacles. Common strategies for facing obstacles, including knocking them down or trying to avoid them, often turn out not to be cost-effective or, worse, counterproductive. Given this, one useful tool that we can use to confront obstacles is the […]