innovation

What can entrepreneurs and professional managers learn from each other?

Posted by on Mar 19, 2012

More importantly, when and where should these lessons be applied?  A lot has been written about the differences between entrepreneurs and managers, often with the underlying message that professional managers should try to be more like entrepreneurs. The praise showered on entrepreneurs includes that they: see opportunities where others don’t have the knack of making something out of nothing are “fearless”, “independent minded” and “adaptable” are constantly scanning for new opportunities are avid information-gatherers and opportunistic learners see and pursue opportunities without the need...

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Why plan in a retreat setting?

Posted by on Feb 6, 2012

Retreats can be highly productive During my career I’ve worked with more than 100 client organizations, public, private, for-profit and not for profit. The most productive planning meetings I’ve facilitated have been multi-day meetings held offsite, usually in locations requiring an overnight stay. The reason for selecting a retreat location is well known to those who have participated. These meetings are nobody’s idea of a vacation. It’s common to work 10 to 12 hours per day, interrupted only by breaks, and without the distraction of people rushing off to deal with “emergencies” or...

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Strategic ch-ch-ch-ch-changes – turn and face the strain?

Posted by on Sep 12, 2011

Keys to successful strategic change management A client recently remarked that strategy seems to be more about what glam rocker David Bowie once called ch-ch-ch-ch-changes than any other factor. We couldn’t help but agree. Change is what drives the need for strategy, and change management is an important tool for implementing new strategies. It’s difficult to overstate the importance of strategic change management. Done well, it means faster implementation, faster growth and higher profitability. We can’t think of a more important reason to manage change effectively. What’s driving your...

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If you can’t answer this question, you may be a sitting duck!

Posted by on Jul 25, 2011

What is your business model? Lately we’ve taken to asking every prospective new client the same question in our exploratory discussion: “What is your business model?” A bit of history will help to explain why we think this question is important. When I began consulting on strategic management, I thought it strange that in the five days it typically took to create a strategic plan, very little time was spent actually discussing strategy. We devoted many hours to SWOT lists, mission statements, climate goals, objectives and action plans. Strategy was implicit in many of these discussions, but...

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Is Creative Thinking An Oxymoron in Your Strategic Planning?

Posted by on Jul 18, 2011

Why strategic thinking stops during strategic planning In his book, “The Rise and Fall of Strategic Planning”, Henry Mintzberg noted that strategic thinking occurs more or less continuously in most organizations. Paradoxically, it seems to stop only during strategic planning sessions! After leading strategic planning sessions for 22 years, I agree. During strategic planning sessions ideas are presented, socialized, debated and polished . . . but seldom actually created. The vast majority of the new ideas presented in planning sessions were conceived before the planning session – often long...

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