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Some sound principles in a brief Memo to the CEO. Particularly good is the focus on opportunity today’s conditions offer for sound firms.
Full article at Rethink Your Strategy: An Urgent Memo to the CEO.
Much of the advice is generic, and requires much more work than the brief headlines suggest. It also implies undoing much of the foolish activity that firms engaged in during the boom – by cutting fringe activities, shedding marginal businesses, ...
Continue Reading → ShareNow here’s a really useful tool from McKinsey. Using ‘power curves’ to assess industry dynamics shows the value of seeing the size-distribution of competitors in an industry. It shows the tool for banking, chemicals, software and biotech. You can do much, much more with this though.
Merely seeing the pattern is interesting but so what? This is a fundamental tool for something virtually no companies do well – truly competitive strategy.
The basic principles are simple:
