strategy

Performance, Strategy, Vision

Designing a Business Strategy – Between Foresight and Signalling

A business strategy typically addresses a mid-term time horizon of three to five years. Businesses should also explore what lies before and beyond this timeframe. To complement their strategy (mid-term), organizations need foresight (long-term) and signalling (short-term). Signalling addresses the immediate future, and foresight explores what’s beyond the planning horizon of the current business strategy. Identifying […]

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Leadership, Learning & Development, Strategy

Building People Skills Is No Longer Enough

Executive Summary: The dangers of neglecting strategic skills in leadership development Leadership development programs have long been mainly about so-called soft skills. Participants learned how to communicate more smoothly, delegate better, or manage conflict in their teams. Programs taught coaching skills for leaders and explored emotional intelligence. The main promise of human resources (HR) functions

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Leadership, Performance, Strategy

From $1mn to $100mn: The Top 5 Barriers That High-Growth Companies Need to Overcome

Scaling a high-growth startup from $1million to a lofty 100 million is a monumental achievement. The path to such exponential growth is riddled with numerous barriers that founders and leadership teams must navigate, from market fit and scalability to leadership skills, strategic focus, and beyond. Here’s how to overcome the top 5 barriers that stand

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Culture, Leadership, Strategy

Nurturing Success: The Dynamic Dance Between Strategy and Culture

In the wild world of business, catchphrases run rampant, sparking debates and raising eyebrows. One such catchphrase that tends to get a reaction out of me is “culture eats strategy for breakfast.” Now, hold on a second! Let’s dig deeper into why this phrase makes me cringe and explore the fascinating relationship between strategy and

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Organizational Identity, Purpose, Strategy

Moving Beyond Purpose: Aligning Strategy and Impact for Meaningful Change

Purpose has become a popular buzzword in many organizations, with companies proudly proclaiming their commitment to noble causes. However, merely having a purpose is not enough to create real change. Purpose refers to an organization’s intent or reason for existing beyond profit. Impact is the effect an organization has on its stakeholders and the world.

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Leadership, Performance, Strategy

What So Many Get Wrong About Business Strategy – And How To Fix It

Business strategy is a widely misunderstood concept – which is terrifying given that it is also one of the most important aspects of any successful company. No wonder so many business large and small fail each year. As a decision-making framework, strategy clarifies the key priorities and sets a direction for the organization. Unfortunately, many

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Leadership, Planning, Strategy

Business Strategy vs. Strategic Planning: Why Confusing Them Can Lead to Disaster

Preparing a meal and then eating it are two different activities. Both are needed to avoid going hungry. If you prepare dinner and then don’t enjoy the meal, you’ll still be hungry. Likewise, you cannot have a nice meal without someone preparing it. When it comes to business strategy and strategic planning, we are essentially

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Leadership, Learning & Development, Strategy

Linking Leadership Development to Business Strategy: How it Boosts Performance, Engagement, and Talent Management

Developing effective leaders is a critical component of any successful organization. But simply training individuals in leadership skills is not enough. For maximum impact, executive and leadership development programs must be closely linked to an organization’s business strategy. Thereby, capability building boosts business performance, increases individual engagement, and pays into talent management. Improved performance Organizations

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Leadership, Learning & Development, Strategy

3+1 Essential Success Skills Every Business Leader Should Master

Leading a business can be an exciting and overwhelming experience. To create a thriving business and build a fulfilling life, there are some critical skills and insights that every entrepreneur and business leader should develop: business strategy, pricing, sustainability, and certain elements of leadership. Business strategy is crucial for every business, regardless of their industry

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Board of Directors, Governance, Strategy

So, you want to become a board director. Do you have what it takes?

Serving as a board director for a for-profit SME is a significant responsibility. It requires a combination of knowledge, expertise, and experience. Board directors are responsible for overseeing the company’s strategic direction, financial performance, risk management, and other key areas, and play an essential role in ensuring the company’s long-term success. If you’re considering pursuing

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Board of Directors, Planning, Strategy

Why ‘Strategic Planning’ is a Flawed Concept that Doesn’t Serve your Business

The term ‘strategic planning’ has become ubiquitous in modern business parlance, but the truth is that the two words represent fundamentally different concepts. In fact, it is precisely because they are so different that it makes little sense to combine them into a single term. First, let’s define our terms. Strategy refers to the overarching

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Governance, Leadership, Strategy

5 Telltale Signs Your Business Needs a Board of Directors – Even if it’s Not Required by Law

As a business owner, you’re always looking for ways to make your business better, stronger, and more successful. One important step in this journey is to consider forming a board of directors. This group of trusted advisors can provide valuable guidance and help your business navigate the challenges that come with growth and complexity. But

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Governance, Leadership, Strategy

The Danger of CEO/Chairs: Why Companies Should Separate These Key Roles

Proponents of separating the CEO and Board Chair roles argue that enterprise companies need strong governance to effectively manage risk and make informed decisions.  An independent Board Chair can provide critical oversight and guidance to the CEO, helping to ensure that the company remains on track. The Board of Directors operates on a longer-term horizon,

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Finance, Leadership, Strategy

Maximizing Financial Success in Crisis: The Benefits of Investing in a Business Strategy

Small and medium-sized enterprises (SMEs) are particularly vulnerable to financial challenges during times of crisis. To weather these storms and come out on top, SMEs must invest in a comprehensive business strategy. In this article, we will explore the financial benefits of investing in a business strategy during times of crisis and how SMEs can

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Emotions, Empowerment, Leadership, Strategy

The Emotional Benefits of a Clear Business Strategy – for Leaders and Entrepreneurs

Having a clearly defined business strategy is not only beneficial for the growth and success of the company – but also for your own emotional well-being as a leader and entrepreneur. A defined strategy provides a sense of direction, purpose, and motivation, leading to a range of emotional benefits. After working with corporate leaders and

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