Avoiding business strategy blind-spots

In 1878, Thomas Edison began his experiments to invent the incandescent light bulb. Not until October of 1879 was he able to conduct his first successful test. Edison later commented, “I never considered my attempts as failures; I just found 10,000 ways not to make a...

Perceptions Can Impair Strategy Formation

Most executives believe that by collecting data about their strategic challenge, using their own business knowledge, and applying some logic will guide development of a successful strategy. But if that is all that is required, why do so many company strategies fail?...

7 Ways to Improve Strategy Formation

It seems every CEO I speak with knows that company strategy is important and it is their job to ensure a successful one is in place. But developing the optimal strategy appears to be elusive for many. Sometimes this lack of success occurs because companies have not...

What the lion teaches about leadership

Those of us aspiring to be better leaders can learn from the animal kingdom. This is a fable about how animals evolved their traits to survive in the wild. Leaders, too, need to evolve to thrive in the corporate jungle. In the beginning all animals were equal. But...