Tag Archives: business planning

Strategy: If You Have It; Flaunt It… If You Don’t Have It; Get It… If You Can’t Get It; Get Out– An Imperative for Success

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Without a strategy it is highly unlikely you will achieve your goals – this is true not only in business but in just about any aspect of life. ~Alastair Hyde Strategy and tactics together straddle the gap between ‘ends and … Continue reading

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Business Risk Management: ‘Protect Against Unthinkables’–Loss Due to Damages, Legal Liabilities, Fines, Crime, Strategic Relationships, Disasters…

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“The first step in the business risk management process is to acknowledge the reality of risk. Denial is a common tactic that substitutes deliberate ignorance for thoughtful planning.” ~Charles Tremper Business Risk Management is the identification, assessment, and prioritization of risks … Continue reading

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Decommoditization: The Winnable Game

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“Our research shows that commoditization is as much a psychological state as a physical one. A commoditized market is one in which buyers display rampant skepticism, routinized behaviors, minimal expectations, and a strong preference for swift and effortless transactions regardless … Continue reading

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Survive Business Crisis: Act or React?

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“The Chinese use two brush strokes to write the word ‘crisis’. One brush stroke stands for danger; the other for opportunity. In a crisis, be aware of the danger-but recognize the opportunity” ~ John F. Kennedy “There are inevitably going … Continue reading

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Predatory Pricing: Myth or Conspiracy?

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  “The attempt to reduce or to eliminate predatory pricing is also likely to reduce or eliminate competitive pricing beneficial to consumers”.–Harold Demsetz, professor   emeritus of economics at UCLA. In the article “The Myth of Predatory Pricing” by Thomas J. DiLorenzo, … Continue reading

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Dysfunctionality: Get on the same page

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The famous tree swing picture (also known as tire swing, rope swing) depicting tire and rope swing in various states of dysfunctionality, illustrates the pitfalls of poor product design, or poor customer service, and the dangers of failing to properly … Continue reading

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Change the Game: Change the Economics and Strategy of How It’s Played

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                                          “adapt and evolve or become extinct” In Tim Ferriss’ blog he writes: “The game today is all about changing the game. Competing head-to-head on products and services is table stakes. Innovators are looking for a new business model that … Continue reading

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Myopic Madness in Business

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Myopic: Narrow-minded approach to a marketing situation where only short-range goals are considered or where the marketing focuses on only one aspect out of many possible marketing attributes. This is a short-sighted and inward looking approach to marketing that focuses … Continue reading

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Back to Business Growth: A Business Imperative

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Competitive pressure on companies has never been greater. Globalization, mergers and acquisition, eroding margins, outsourcing, the technological revolution, shrinking customer bases; these and other developments are creating unprecedented challenges for business manager, especially for those who manage strategic accounts. More … Continue reading

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Balanced Scorecard: Is it a Failure?

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The Balanced Scorecard is a strategic planning and management system that is used extensively in business and industry, government, and nonprofit organizations worldwide to align business activities to the vision and strategy of the organization, improve internal and external communications, … Continue reading

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