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Four Steps for Making Better Decisions

Next Level Blog

I found Porter’s book to be a fun and thought provoking read. As an economics geek, I figured Porter had to discuss my favorite principle, opportunity cost, somewhere early in the book.   My observation in working with leaders is that there is often a short circuit in their decision making process.

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20 Interesting Behaviors of Strategy Tourist

Strategy Driven

So take advantage of all the strategy tourists you know and develop opposite behavior. Develop your power play skills and use them as often as you can. Focus obsessively on the short run. Define long term ‘something we can focus on once the basics are in place.’ They show us how not behave.

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Shared Value vs. Don't Be Evil

Harvard Business Review

Michael Porter and Mark Kramer's article in January's HBR tries to advance our world's shared values by arguing that doing right is the best long-term business strategy. But first, let's praise Porter and Kramer. Their article puts Porter's reputational weight behind an idea that in itself has, well, shared value.

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The Best Companies Know How to Balance Strategy and Purpose

Harvard Business Review

Seeking to extend its technological edge (particularly in miniaturization), it acquired more than 100 startup companies while pursuing a vast portfolio of research and product development projects. ” Develop corporate plasticity. In 2006 alone, Nokia introduced 39 new mobile-device models. ” Aim for the golden mean.

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The Answer to Short-Termism Isn’t Asking Investors to Be Patient

Harvard Business Review

Short-term corporate behavior is a major problem in the 21 st century firm. Too many companies prioritize quarterly earnings over long-term innovation, human capital investment, and brand development, and many people believe short-term shareholders are to blame. Tim Evans for HBR.

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Is the Next Karl Marx a Management Consultant?

Harvard Business Review

A brief sampling: Michael Porter and Mark Kramer's " Creating Shared Value ;" Christoper Meyer and Julia Kirby's " Runaway Capitalism ;" Dominic Barton's " Capitalism for the Long Term ;" the collected works of Umair Haque. And in that he sounds a lot like Michael Porter, Dominic Barton, Rosabeth Moss Kanter, etc. Note to U.S.

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The Two Questions Every Manager Must Ask

Harvard Business Review

It relates to what Michael Porter meant with being “stuck in the middle”: if you try to come up with a strategy that does everything for everyone, you will likely end up achieving nothing. The trick is that their business models are built for the long-term.