Strategy Dynamics Briefing 47: Resources remaining useful after leaving

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Resources can continue to be relevant even after they are lost. Former customers recommend or dissuade others to buy a product, and former staff may recommend or dissuade friends about joining an employer. A clear case concerns university alumni. Most universities now have substantial programs in place to keep in touch with former students, predominantly with the aim of raising money from them, but also to attract future students and commercial partners. Whilst this alumni-recommendation process is widely understood in ...

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Briefing, Strategy

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Good & bad downturn advice

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I have commented on some of the consultants’ and journals’ advice in earlier posts, so thought I would share what some senior execs think who I’ve been asking in recent events. Here’s just a few … 

I asked for two ratings – Useful [no, a little, very] – and Dangerous [no, a little, very] – and allowed people to respond with both if they felt a suggestion was both potentially useful, but also came with dangers. Following are the most common ...

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Strategy

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Chuck the consultants?

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Have come across a few examples of companies cancelling all consultancy projects in response to the downturn. Now while this may be unavoidable in real crisis cases, it’s not a universally good idea. It’s a common sport to bash consulting firms, but they clearly can serve valuable purposes. They have access to knowledge that few individual firms could justify building and genuinely know stuff from other cases that can be useful to you.

So … if there was a good purpose ...

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Strategy

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Update on the troubles with strategy

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Here’s my latest msg to the B School academics [remember the point of this is to get some useful strategy methods for executives and consultants]. Will let you all know what response I get.

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Have had many useful answers on this. There seems little dissent that:

  • we have a problem with current strategy methods not being valued by the people who are supposed to use them,
  • … which implies we have little useful theory [notably that seeking explanations for profitability is ...
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Strategy

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