Category Archives for "Strategic Thinking"

What is Strategic Thinking?

As you may know from Simplified Strategic Planning, strategy is the course or direction of an enterprise.  In business, this revolves around three basic questions:  What do we sell? To whom do we sell it? How do we beat – or better yet, avoid – competition? Strategic thinking is a specific approach to thinking that […]

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Made the “Nifty Fifty” New Product List and Fought to Make a Dime – Lessons Learned in Protecting Intellectual Property and Partnerships

By Denise Harrison, Executive Vice President & COO Your new product makes the “nifty fifty” list of innovative new product introductions; you envision your picture on the cover of Fortune magazine; and then….you end up in legal battles and with little money.  Here are some lessons learned from one company as it tried to capitalize […]

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Watching Trends: Ebbs and Flows

Watching companies respond to massive changes in the current strategic environment, I am struck by how much we tend to overemphasize the present when planning for the future.  In strategic planning, it is vital that you do the best job you can to anticipate future trends that will shape the strategic environment of your industry.  […]

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Flavors of Profit

Profit, many would say, is profit.  But in reality, profit comes from several different sources, and the type of profit you are getting in your business can be very important in thinking about your strategy.  Profit that comes from a temporary or threatened situation, for example, should be treated quite differently from profit that comes […]

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