Creating business strategy often involves selecting a meta-strategy objective and then designing specific sub-strategies to drive that objective based on market conditions, company resources and company DNA. One of the most common meta-strategy objectives is maximizing short-term economic opportunity. While this can generate high returns on company resources, it can leave a company economically exposed […]
The Pareto Principle posits that 80% of results come from 20% of causes. While this is a generalization that certainly does not apply in many cases, marked asymmetries between causes and effects have many important business implications, from how strategy is designed to how resources are allocated. For entrepreneurs and companies, a key challenge as […]
As the global economy has evolved and competitive dynamics have changed, the organizational structure of many companies has become flatter. While this shift has facilitated economic growth and cross-functional innovation and problem solving, it has also created unique corporate challenges. Without agreed decision-making procedures and values, horizontal decision-making can become inefficient, cause companies to drift […]