It’s true. There is one action you can take that may have the most consequential impact for your business for the foreseeable future. That’s not hyperbole. No more thinking and planning and strategizing. Now is the time for action. Vote on April 4, 2023 for Justice Daniel Kelly. There, I said it. But many conservative […]
Conventional wisdom says strategies fail because of poor execution, but conventional wisdom is wrong. Just because strategies fail in execution does not mean they fail because of execution. The top reasons for strategy failure have nothing to do with strategy execution, everything to do with strategy development. Several years ago, I started out my […]
Over the last 20 years, talk about strategy has been in serious decline. As much as a 60% decline to be more exact. Worse yet, today’s numbers are bolstered only by recent trends to understand specific applications like “social media strategy”, not strategy itself, or the numbers would be worse. And there’s one important thing […]
68,000. That’s how many pages were generated in one quarterly planning update back in the day at Kraft Foods. I know because I collected and laid out all the binders –holding just the final presentations from all the business units down to the category level– on the Kraft board room conference table so the CEO […]
Intro Kraft Foods took a monstrously long time to develop its strategic plan back in the day. I’m talking months and months. Operations would start building product cost estimates beginning in early June. Marketing began building their plans early in the third quarter. And finance, well finance was always planning. Granted, Kraft was a $40B […]
Intro Fifteen years ago two words came together to form the name of a new business: “Think” and “Way”. The combination of those two words were no accident. It represents a worldview that drives everything about ThinkWay from how people are viewed, client selection, the nature of products and services, views on profits and investments, […]
The Theory Teleology is the explanation for something as a function of its end, purpose or goal. The teleology of a saw is to cut, a hammer to pound, a conveyor to convey. In other words, the teleology or purpose of these things, the reason they were designed in the first place, is to accomplish […]
Looking for workers? Good news. A large pool of highly qualified workers is emerging. While the media is telling us daily “there’s no end in sight” for the labor shortage, that’s not totally true for everyone. In fact, there is an emerging pool of highly skilled workers quickly becoming available to small businesses (and astute […]
The Great Reset and ESG (Environmental, Social, Governance) scores are being implemented to fundamentally change the U.S. and the world’s economy from shareholder capitalism to “stakeholder” capitalism. The largest investment firms in the world (e.g., Blackrock, Vanguard, etc.) and the world’s largest banks have already signed on. Large, publicly traded companies are already being evaluated […]
Every disruption since this all began has hurt small businesses far more than large ones. Consider this: Small businesses account for almost all business failures in the last year. Meanwhile, large businesses like Amazon, Walmart and others have flourished. In the face of nationwide worker shortages, employment at large businesses has increased by almost 10%. […]
