I am frequently impressed with the fuzzy thinking present in many companies. The lack of clarity as to what they are trying to accomplish in their business is usually reflected in fuzzy strategic goals, lack of alignment between senior management and fuzzy, imprecise execution. Unless leaders are clear (think measurable) about what they are trying to [...]
Having recently been with a company that is doing a major plant expansion, I have been thinking about one of the differentiators between market leaders and market laggards. I am wondering if the leaders, in addition to the slow and steady incremental changes necessary of any long-lived company, also focus on doing big things and [...]
“What do we have to do today to be ready for an uncertain tomorrow?” Peter Drucker. What’s up with strategic thinking? How important do you think strategic thinking is to the success of your organization? If your answer is that it is one of the most important skills for you, your leadership team and all [...]
The Annual Strategic Plan is Dead A good deal of the corporate planning I have observed is like a ritual rain dance; it has no effect on the weather that follows, but those who engage in it think it does. Moreover, it seems to me that much of the advice and instruction related to corporate [...]
"No one ever excused his way to success." – Dave Del Dotto It’s no secret that I’m a proponent of strategic planning. If you’ve read any of my articles over the years, you know that I believe every business – especially closely held businesses – should implement a strategic plan to align the organization around key [...]
"In business you get what you want by giving other people what they want." – Alice MacDougall Are you among the business leaders who believe the economy is starting to pick up? Or do you foresee another year or two of tough going for your business? Regardless of where you stand on the subject, chances [...]
"Leadership is creating a future for your organization." – Gordon Sullivan One of the most common problems I see among closely held businesses (actually most businesses) is a lack of clarity: By clarity, I mean the following: 1. Vision: Vision defines what your organization will look like and be doing in three years or so. [...]