This section is slowly being revised to reflect valuable insights from successful startups as well my learnings regarding large company failures.
The purpose of this article is two-fold: Help traditional companies succeed when faced with successfully growing startups. Help startups succeed when competing against traditional companies. You may download a PDF of this article from: Traditional strategic planning dooms companies to failure What is traditional strategic planning? Wikipedia (April 20, 2020 definition) Strategic planning is an … Continue reading Traditional strategic planning dooms companies to failure.
What is strategy and strategic planning? The following are some questions to consider as your board and management go through the process of strategy and strategic planning. These questions are intended to help improve your current process, rather than replace it. What are your definitions of strategy and strategic planning? Strategy: What are your facts, … Continue reading What is strategy and strategic planning?
Overview I’ve often heard that good execution beats strategy. My experience is that execution which achieves good long-term results actually reflects a good strategy. But that strategy may be quite different from the “official” strategy document. Success requires more than good luck – both a good strategy and good execution are key. Strategy – Where … Continue reading What is the difference between strategy and tactics?