The recent selection of Delaware Senator Joe Biden to be the Vice Presidential running mate of Democratic Presidential Candidate Barack Obama and the selection of Alaska’s Governor Sarah Palin to serve in a similar capacity by Republican Presidential Candidate John McCain are extremely interesting when perceived through the prism of strategic thought and principles. In [...]
Archive for August 2008
But I have a business plan…isn’t that enough?
August 26, 2008Strategic and tactical plans are different from business plans. Business plans are often used to sell the company to potential investors and financial backers. In order to do so, they must come to grips with the realities of the company, the marketplace, the existing corporate products and services, the strengths and weaknesses of the management [...]
The Art of War and the Art of Battle
August 22, 2008The goal of a business strategy is clear-cut: Win the customer’s preference and create a sustainable competitive advantage, while providing sufficient return for owners or, in the case of a publicly held company, the shareholders. A strategy defines the direction the business will take and positions it to move in that direction. A strategic plan [...]
Yes but…why should every company have a strategic plan?
August 19, 2008Here’s what we know. We know that the pace of change seems to be accelerating. We know that competitors arrive on the scene very rapidly (and often disappear as fast). The question then is: “Given the complexities of the marketplace and the speed of change, how can one write a meaningful strategic and tactical plan? [...]
Why doesn’t every company have a strategy?
August 15, 2008Over the course of my career, I’ve had the honor of providing strategic guidance to small companies as well as to many of the more recognized corporations in the United States. In many cases, the smaller companies (less than $100 million in sales) do not have a formalized written strategy. Logically speaking, it would seem [...]
I think therefore I…strategize?
August 14, 2008It took me a very long time to have the courage to begin this blog. I’ve received a lot of encouragement from friends and family and especially my 15 year old son, Eli (he has a blog too). I’ve also tried to learn how to write in a way that I hope will inspire others [...]
