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All Business Strategies Fall into 4 Categories

Harvard Business Review

The problem with strategy frameworks is that although they can help you determine whether an opportunity is attractive or whether a given strategy is likely to work, they generally don’t help you in the task of identifying the opportunity or crafting the strategy in the first place.

Strategy 145
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3 Ways to Clearly Communicate Your Company’s Strategy

Harvard Business Review

For all the communication around strategy, we know that leaders at many companies don’t provide the necessary context for employees to understand what the words and sentences in a strategy statement actually mean. What can leaders do to help employees understand enough context to understand a strategy?

Strategy 145
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First-Mover or Fast-Follower: Which is the right innovation strategy for you?

Idea to Value

For example, Scott Anthony (interviewed on the podcast here ), summarised his views in a 2012 HBR article about which companies might benefit from moving first: If you are what Professor Steven Spear calls a “high-velocity organization” that is always learning and improving, there are real benefits to moving first.

Strategy 264
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CEOs, Is Your Business Strategy Bold Enough?

Harvard Business Review

CEOs need to better understand whether their strategy is bold enough to position them for future growth. This article covers four actions that CEOs should be taking now. This means that a large number of companies are possibly at risk of being lapped by competitors or disruptors.

Strategy 142
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3 Traps to Avoid When Executing Your Strategy

Harvard Business Review

When executing strategy, companies typically fall into one or more of three traps: 1) They let too many people weigh in; 2)They plan a lot of activity but do not specify concrete actions; and 3) They tend not to build in accountability into execution. lot a good strategies never take off. The result is that.

Strategy 144
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4 Strategies to Guide Your Team Through a Departmental Transition

Harvard Business Review

In this article, the authors offer four strategies to guide your team through a departmental transition while maintaining morale, productivity, and cohesion: 1) Communicate the “why” clearly and authentically. 2) Acknowledge the emotional impact. 3) Cultivate ownership and involvement. 4) Prepare your team for future changes.

Strategy 142
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How to Decide If AI Should Be Part of Your Growth Strategy

Harvard Business Review

Should your company be betting on AI as a growth strategy now? In this article, the authors cover five steps to help your company answer this question. After thoughtful analysis, your decision ultimately boils down to this: Does the current state of AI align with your business strategy?

Strategy 134