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Create a Strategy for Creating a Strategy

Lead Change Blog

As Peter Drucker said, “The best way to predict the future is to create it.” The purpose of strategy is to create a competitive advantage. This could be done through efficiency, innovation, and collaboration. Each year, they are challenged by their stakeholders to do better than they did the prior year.

Strategy 213
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Six social-media skills every leader needs

First Friday Book Synopsis

Here is a brief excerpt from an article co-authored by Roland Deiser and Sylvain Newton for The McKinsey Quarterly, published by McKinsey & Company, in which they explain how and why organizational social-media literacy is fast becoming a source of competitive advantage.

Media 117
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Revealing Leadership Insights From Thinkers50

Tanveer Naseer

From blue ocean strategy to Michael Porter’s five forces, Vijay Govindarajan’s reverse innovation to Richard D’Aveni’s hypercompetition, great thinkers and their ideas directly effect how companies are run and how business people think about and practice business. Think of Peter Drucker who topped the first Thinkers50 ranking in 2001.

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Leaders Can Turn Creativity into a Competitive Advantage

Harvard Business Review

In 1985, Peter Drucker made a hopeful case for an entrepreneurial society in which innovation and the creation of new businesses would more than compensate for job losses stemming from the retreat of manufacturing industries in the U.S. This “VUCA” environment rewards innovation but it also punishes failure more harshly.

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0503 | Julian Birkinshaw: Full Transcript

LDRLB

Just the other day I was having a conversation with a good friend of mine who’s in a doctorate in leadership program but yet he finds himself reading a lot of Peter Drucker etc., and he was talking about how Drucker was one of the first people that elevated management as a thing to strive for.

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Strategic Insight is Not on the CEO Radar

Harvard Business Review

In 2001, Peter Drucker wrote in The Economist that "businesspeople stand on the threshold of the knowledge society. In this society, a company's competitive advantage will come from an historically underdeveloped asset: the ability to capture and apply insights from diverse fields.". It's a compelling argument.

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In 2014, Resolve to Make Your Business Human Again

Harvard Business Review

Peter Drucker famously said that the point of a business was to create a customer. Worshipping at what Christensen calls the “church of finance” hollows out a company’s competitive advantage, as it loses the capacity to invest in innovation that drives the perpetual reinvention so necessary in today’s world of temporary competitive advantage.

Levitt 11