Avoid the Roadrunner Business Strategy Approach

Like many growing up in the 1960’s, I watched a lot of Warner Brothers cartoons on a Saturday morning. But one that always infuriated me was the Roadrunner series. Remember the plots? Wylie Coyote, desperate for a roadrunner dinner, planned and implemented strategy...

Your strategy decision is not as easy as it looks

How many times have you run into the senior manager who has all the answers? I’m referring to the individual who is so confident in his/her abilities that they consistently make a “gut call,” regardless of the situation. I expect you’ve probably run into these people...

Strategy Formation Myth 1: I don’t have time

Sometimes effective strategic decision-making is avoided. Not because the company lacks the capability to make these types of decisions. Rather, companies fail to grapple with strategic issues because of preconceived notions. Often these perceptions are based in myth,...

Strategy requires more than a coin flip

Evidence shows companies that create sound strategies establish a foundation for future success. The hallmark of effective strategy is consistent, quality strategic decision-making that can be broadly supported by employees. But sometimes executives seem to...