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Strategic Planning Steps

CO2

You can’t predict or control the future, but you can control your organization’s alignment in terms of mission, vision, goals, and strategy. Externally, examine societal trends, political implications, technological advancements, and competitive forces. GPSing can be used by individuals, of course, or by organizations as a whole.

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8 Reasons Companies Don’t Capture More Value

Harvard Business Review

But in truth businesses rarely focus on only profitability; most strive to satisfy various stakeholders and meet the goals of balanced scorecards. Deterring new providers: A professional event technology firm offers rock-bottom quotes to special events to signal its pricing power to any potential new entrants.

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On Creative Accounting: Two Creativity Myths

Harvard Business Review

An idea, behavior, or product is creative if it is both novel and appropriate to some goal. They were appropriate to the artist's goal of creating "a contemplative space that encourages participants to linger and experience an all-encompassing art environment.". And it quite effectively served its murderous goal.

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Many Strategies Fail Because They’re Not Actually Strategies

Harvard Business Review

Town hall meetings are organized, employees are told to change their behavior, balanced scorecards are reformulated, and budgets are set aside to support initiatives that fit the new strategy. Many so-called strategies are in fact goals. And then nothing happens. Let selection happen organically.

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Your Employees Are Not Mind Readers

Harvard Business Review

Here are a few thoughts on how you can more effectively address these issues and reach your goals in an authentic and enduring way. And — once they know the "what" and "how" — do you provide them with enough autonomy to get the job done in an effective and timely way? These are pragmatic business issues that all leaders encounter.

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Making Hospital Partnerships Work

Harvard Business Review

The assumption is that a merger will make it easier to achieve economies of scale, develop a large but narrow network of preferably healthy patients, establish data registries, and integrate expensive technology. With that goal, we thought carefully about each of our clinical service lines: Are we the best at this service line?