John Nash became a household name thanks to the Hollywood movie A Beautiful Mind. He died tragically in a car crash on 23rd May. Fortunately his contribution to Game Theory, for which he was awarded Nobel Prize in 1994, lives on.
They have an established practice of spontaneous, agenda-free meetings in which people discuss problems, share facts, express opinions, challenge each other including senior colleagues, and attempt to find effective solutions. It is
On December 14, 1911 Roald Amundsen and his team of four Norwegians became the first to conquer the South Pole. Robert Scott, the English explorer, was thirty-four days and 360 miles behind having lost the head start of over eight weeks. Scott
On a warm February day in Chennai seven Directors and three top managers of Spectrum Softech sat down to discuss a bold idea: to acquire Bristol Software, an English private software firm. The purpose was to agree on an action plan.
The subject of strategy is unique for the many misconceptions managers carry. Here are just three, and what you can do about them.
The fallacy of first mover advantage
1. First mover advantage is a fallacy
Strategy models are like lenses. Properly used they reveal unseen facets of a business issue or situation. A broad repertoire of lenses helps managers choose relevant and applicable ones. Knowing how to wield and focus lenses is important
Last month I had written about how leadership behaviour inculcates the spirit of learning. Surely learning orientation and leadership behaviour stem from corporate culture? What are the key cultural aspects of inquisitive organisations? My
In my last month’s post I had written about the importance of insight in shaping effective strategy. Besides lack of insight, strategies fail for two other reasons. One, managers often confuse strategy with outcomes. And two,
Why do strategies fail? The principal purpose of strategy is to achieve a desired future state by making the business competitive. Strategies fail when they are inconsistent with the long-term goal. The leadership may have, as is usual, defined
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