Our research shows that although many organizations (nearly half) experience negative emotions around the topic of strategy, 95% of organizations of all types and sizes (For-Profit and Non-Profit) feel they probably or definitely need a strategy.
Leaders, especially non-profit leaders, should take note of preliminary results of ThinkWay’s quantitative strategy research. While 87% of for-profit businesses have a strategy, nearly a third experience negative emotions when they think about it. Nearly two thirds review their strategy monthly or more frequently. Data also indicates a statistically significant difference between for-profit businesses and […]
Strategy comes naturally for everyone. Really. If you need an example, check this one. Regardless of whether you’re running a big business, leading a project, applying for your first job, or trying to improve your science grade in school, everyone generally (though admittedly quite loosely) follows the same five step process: situation, insight, objective, strategy, […]
The ancestor of every action is a thought. – Ralph Waldo Emerson Let’s debunk the myth that strategy is high and lofty, something done only by those people in the corner office. Everybody does strategy. Everybody naturally uses a five step strategy method without even realizing it… every day. Their “strategy” is the way they think […]
There’s a big problem in the college football sports world. Well, in my opinion anyway. The Nebraska Cornhuskers, my alma mater, have momentarily lost relevance. At least, tens of thousands of Husker fans around the world and I hope it’s momentary. And the entire Husker Nation is trying to figure out why. The situation with […]
There are a lot of similarities between many of the companies I’ve worked with over the last 30 years. I really like them and the people I’ve work with. Many have iconic brands that dominate their respective categories and are considered leaders in their industries. But some have epic struggles going on to regain that leadership. […]
In August of 2005, a large, violent tornado swept through our neighborhood indiscriminately uprooting trees, scattering personal possessions, and leveling homes. It’s something I’ll likely never forget. Our home was one of them. Although only a couple people were hurt physically, hundreds of lives in our community were suddenly and literally turned upside down. Tornadoes […]
The story is told1 that in 1944 Allied forces bombed and destroyed a prison camp factory in Hungary that was distilling human waste into alcohol to help fuel Hitler’s war effort. For the prisoners, mild relief turned to disgust at the thought of rebuilding the camp when the guards forced them to carry the rubble to […]
The intent was to fuel earnings growth by using technology to transform a part of the innovation process. The business had spent months and significant resources developing a strategy and detailed business case for the major initiative. They even went so far as to make sure senior leaders signed off on it showing their understanding, […]
The big strategic efforts that require internal change almost always fail to achieve the original objectives. Whether it’s an acquisition and subsequent integration, a needed change in the ability to innovate, implementation of a major ERP system or software platform, a new supply chain program or approach, or any number of other major initiatives, CEO’s are […]
