I’m not a big fan of checklists, but Have you tested your strategy lately? offers useful tests for checking the quality of a strategy. The list also makes some assumptions, and leaves out some vital tests. For example, “Will your strategy beat the market?” assumes there is a defined market for which rivals struggle for share, but many leading firms create market that they themselves exploit. And test 10 “Have you translated your strategy into an action plan?” assumes that management ...
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Posted by: Kim Warren
Analysts keep getting it wrong
Posted by: Kim Warren
Equity Analysts: Still Too Bullish in McKQ makes depressing, if unsurprising reading. Analysts continue a decades-long tendency to forecast nearly double the profit growth that actually follows, and go most wrong when they most need to get it right – when boom times falter. CEOs get beaten over the head with these forecasts, and mess up business in their efforts to hit stupid targets, so this is of more than academic interest. It is interesting to note, then, that ...
Continue Reading → ShareUsable game theory
Posted by: Kim Warren
Hagen Lindstaedt just alerted me to what looks a smart way of making game theory usable, with a neat link to scenario-based thinking. Probably quite challenging to do, but looks powerful – thanks Hagen. Looking forward to seeing more on how it works.
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Posted by: Kim Warren
Harvard Business Review may be seen as the gold-standard for leading edge management thinking. But I am increasingly impressed by the quality of other journals. McKinsey Quarterly, of course, has long produced solid content based on work with major clients, or else on serious research from their Global Institute, and other big consulting firms do some of the same. Now, seems to me, Sloan Management Review is also putting out important, well-informed articles reflecting rigorous work, and strategy+business from Booz & Co does the ...
Continue Reading → ShareGreat video with Adam Werbach, author of Strategy for Sustainability: A Business Manifesto, shares an adaptation from his book and talks with the McKinsey Quarterly about trading in green fashion for more enduring business solutions. Practial and commercial.
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