Strategy is all about reviewing the internal and external environment, setting aims and objectives, identifying and implementing an approach that fits the organisation and monitoring progress.en-GBThu, 27 Apr 2017 13:58:30 -0000Strategies to Become a Better Decision Maker<p>Making decisions can be notoriously difficult when you're an entrepreneur or you're in a leadership position of a bigger company. Because you're invested in making the best possible decision for your business or for your employer, you must use a line of objective reasoning and eliminate any emotional or biased influences that might alter or compromise that decision.</p>Thu, 27 Apr 2017 13:58:30 -0000Asking the Right Questions Can Frame a Successful Transformation<p>When plotting strategy, leaders should worry less about solutions and more about identifying the precise problem they are trying to solve.</p>Thu, 27 Apr 2017 05:00:00 -0000Media's Data-Driven Future<p>"Today is the slowest rate of technological change you will ever experience in your lifetime," says Shelly Palmer. In this Thought Leader interview, one of the world's premier voices on digital technology in media and entertainment looks ahead to the decline of midsized companies, the evolution of data-driven decision making (and the general lack of skill at it), and the prospect of many jobs being lost to automation, except for the very top creative tier.</p>Wed, 26 Apr 2017 05:00:00 -0000Navigating the Choppy Waters of Healthcare Reform<p>Even though Congress's effort to partially repeal and replace the Affordable Care Act (ACA) failed, it is likely that reforms and changes in the regulatory and competitive environment will continue to disrupt established business models. As they negotiate the uncertainty inherent in the environment in the coming years, healthcare organizations that understand the long-term trends affecting their markets, grasp their relevance to stakeholders, forge meaningful partnerships, and engage with reform efforts at every level of government will be well positioned to succeed.</p>Tue, 25 Apr 2017 05:00:00 -0000The New Ways to Win in Emerging Markets<p>In emerging markets, companies must offer an environment conducive not only to economic success but to good living as well.</p>Mon, 24 Apr 2017 05:00:00 -0000How Much Innovation Should We Juice Out of Engineers?<p>Are the bells and whistles on already highly engineered products just decadence, or are they a small price to pay for the gadgets we need?</p>Mon, 24 Apr 2017 05:00:00 -0000Strategic Planning: A Product of Organizational Strategic Thinking<p>Strategic planning is an exciting process for imagining the future of a business. However, it is only successful if planners and executors, the organization as a whole in other words, is thinking strategically. Conventional thinking keeps organizations stuck in the past as leaders and their employees focus on short-term goals that have little relevance to stimulating new competitive approaches. Yet, the business marketplace is now in a constant state of transformation, largely due to technology and globalization. Organizations unable to meet the challenge of staying competitive in the new, and somewhat chaotic, order of things are not likely to succeed. Strategic thinkers imagine the future as an exciting opportunity to utilize creativity to generate innovation to enhance competitiveness. Developing a strategic thinking organization requires encouraging diverse people to freely communicate, think outside the box, and be willing to share new ideas without fear of criticism. A culture of strategic thinking is more likely to lead to successful strategic planning which eventually becomes a written strategic plan.</p>Wed, 19 Apr 2017 15:46:08 -0000Connecting the Dots from Brand to Demand<p>Companies need a more integrated view of what drives consumer choice -- one that isn't tied to one-dimensional demographics or a narrowly defined need. They have to combine a deep knowledge of who is shopping, when, where, and why, with an understanding of the emotional and functional benefits of their products. Making those connections reveals specific situations, or demand windows, in which consumers want or need to make a purchase. Companies need to identify those windows that are most promising for their brand, and then make changes to how they market and sell their current products, as well as develop new ones.</p>Wed, 19 Apr 2017 05:00:00 -0000For Startups, Giving Up Control Is Key to Creating Value<p>Young firms are valued significantly higher and attract more financing after their founders relinquish some power.</p>Wed, 19 Apr 2017 05:00:00 -0000Why Do Cannibals Lead the Pack?<p>In business, a cannibal is a company that devours its own product or service. In other words, they make a product that is significantly better than existing products. Because of that, customers abandon the existing product for the new one. While this appears counterintuitive, it is a critical strategy that can ensure the future success of a corporation. This article explores what happens to those organizations that avoid this approach as well as the benefits of those who have successfully pursued this strategy.</p>Tue, 18 Apr 2017 16:36:13 -0000Why Managers Can't Skimp on Radical Candor<p>Author Kim Scott argues that managers who care personally and challenge their team directly can improve results.</p>Mon, 17 Apr 2017 05:00:00 -0000HR's New Challenge: Whole-Family Care<p>Today's workforce is not only more diverse in terms of gender and ethnicity than it was several decades ago, it is far more diverse in terms of life circumstances. As a result, employees must deal with much greater family responsibilities, such as caring for children or elderly parents with chronic conditions such as Alzheimer's. Yet many companies continue to rely on HR policies and employee benefits programs built to suit the needs of workers two generations ago, when most private-sector employees were male and married. The result is that many companies are not getting the most from their talent, and companies are plagued by absenteeism and "presenteeism" -- which is driven in part by workers' need to meet family obligations. Companies should do a better job of supporting employees in fulfilling their caregiver responsibilities outside the office. That will reduce voluntary turnover and allow employees to focus on their job when they're at work. This approach, which we call "whole-family care," is an integrated program that helps employees meet the needs of their family in a comprehensive, seamless manner. This complex idea boils down to three core elements: tailored benefits packages, better coordination and communication, and superior technology.</p>Mon, 17 Apr 2017 05:00:00 -0000Top 3 Secrets to Unraveling the Challenges of Healthcare Interoperability<p>Interoperability remains one of the top challenges across the behavioral healthcare sector. What exactly does interoperability mean? It means having the ability to successfully transfer communication between your software and technology internally and externally with clarity. Streamlining the technology that runs your facility demonstrates that you have a sincere focus on improving the patient experience and the healthcare process that your facility provides.</p>Fri, 14 Apr 2017 13:48:31 -0000Where Have All the Shop Clerks Gone?<p>Forget your worries about the factory floor. Machines are already decimating retail jobs.</p>Wed, 12 Apr 2017 05:00:00 -0000Strategy Talk: How Do I Build a Strong Pipeline of Future Leaders?<p>The next generation of management needs to build its strategic acumen through real-world practice.</p>Wed, 12 Apr 2017 05:00:00 -0000Rethinking Returnships for Retaining Women<p>These high-level internships can help organizations tap into an overlooked talent pool, but they aren't a cure-all.</p>Tue, 11 Apr 2017 05:00:00 -0000Wanted: Ambidextrous Leaders<p>Leaders who fully understand strategy and execution are rare. Those who can make it work are even rarer. We're looking for examples. See also "The Leadership Survey."</p>Mon, 10 Apr 2017 05:00:00 -0000The Leadership Survey<p>Tell us who you think the most capable leaders are, and what they do to excel at both strategy and execution. See also "Wanted: Ambidextrous Leaders."</p>Mon, 10 Apr 2017 04:06:00 -0000Different Ways To Research Your Target Market<p>In this article, I am going to talk about different ways you can research your target market to find out what they need and what they want before even coming up with a product or service to offer them. 1. Forums The first place you can head down to is forums in your niche.</p>Sat, 08 Apr 2017 18:51:32 -0000Tech Is No Cure-All Where Emotions Run High<p>Autonomous buses seem like a natural solution to a school bus driver shortage, but parents would certainly disagree.</p>Thu, 06 Apr 2017 05:00:00 -0000