Increased complexity of a company’s systems — products, processes, technologies, organizational structures, legal contracts and so on — can create dangerous vulnerabilities. Three complementary strategies can help mitigate the risk.
In January 2005, Kenn Jorgensen and Cassian Drew, two British entrepreneurs who were passionate about rock climbing, wanted to know if their sport could be adapted for use in exercise facilities.
Project teams can fly or founder on the demographic attributes of team members and the fractures they can create. Here’s how to recognize the potential for division, and how to respond in time when team fractures do arise.
Effective patent strategy is tailored to the market, mindful of competitive positioning and supported by organizational structure.
Under the right circumstances, industry initiatives involving “coopetition” among competitors can reduce customers’ reluctance to adopt an innovation.
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Expertise in strategic thinking is not the product of innate ability and pure serendipity. It arises from specific experiences (personal, interpersonal, organizational and external) which occur over 10 or more years.
New research suggests that five crucial conversations — often overlooked or avoided — are essential to the success of any high stakes project or initiative.
How to plan profitable sales promotions by considering the stature of your brand in the marketplace, the message being delivered, and how customers and competitors will react.
More and more companies are now able to change their prices in real time to capture the full possible value of goods and services. Here’s how to do dynamic pricing right.
How can executives prioritize their time to ensure that they are focusing on the countries and subsidiaries that need the most attention?
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To succeed in China, multinational corporations must turn the aphorism “think global, but act local” on its head. Although they have to master the art of local operation, their behavior must match their global standards, as expected by the Chinese.
Lying is a central aspect of human behavior. Negotiators need to learn about every tool that will protect their interests.
Under the right conditions, two corporate heads can be better than one, both for the company and the individual partners.
In fast-paced industries, companies should think of strategy as an iterative loop with four steps: making sense of a situation, making choices, making things happen and making revisions.
Many marketers consider consumers a fickle and unpredictable lot, known to change their purchasing decisions as quickly as winds shift, without being able to say why. In part, suggest two researchers, that’s because subtle cues in the environment influence consumers without their knowledge.H
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There may be an executive suite parallel to the saying that when an athlete is featured on the cover of Sports Illustrated, he or she is doomed for a slump.
“When it comes to innovation, geography is destiny,” wrote the New York Times this past February. Not according to three business school professors, who say it’s corporate culture, not geography, that defines innovative potential.A
Identity theft is the fastest-growing crime in the world, and while it is commonly thought of as a mostly petty crime involving stolen personal credit cards or social security numbers, it is now becoming a larger threat to governments and corporations.
I was in a meeting in Dallas when I looked out the window to see dark clouds on the horizon. Armed with my laptop, I monitored the storms around Dallas on weather.com, checked delays at Dallas/Fort Worth International Airport at dfwairport.com, and clicked over to flightstats.c
Managers today are faced with expanding diversity in their work force, and one of the most overlooked challenges concerns the widening age range of their employees who, despite their vast experiential and attitudinal differences, must come together to form a coherent and viable corporate culture.I