article thumbnail

20 Interesting Behaviors of Strategy Tourist

Strategy Driven

Focus obsessively on the short run. Define long term ‘something we can focus on once the basics are in place.’ Blame the market, other departments or poor IT-systems for the fact that you are not taking brave, independent action. This buys you at least a year. Go for quick wins that put you in the spotlight.

article thumbnail

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.

Porter 15
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

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. So how can we ensure the latter?

article thumbnail

How Big Business Created the Politics of Anger

Harvard Business Review

politics is not merely the inevitable result of our free-market system; it is also a consequence of the choices our business leaders make. They transfer money away from public treasuries and wage earners to provide a short-term incremental benefit that does nothing to improve the company’s long-term prospects.

article thumbnail

The Best Companies Know How to Balance Strategy and Purpose

Harvard Business Review

Before the iPhone was introduced, in 2007, Nokia was the dominant mobile phone maker with a clearly stated purpose — “Connecting people” — and an aggressive strategy for sustaining market dominance. The once-dominant Nokia soon lost much of its market cap and was eventually acquired by Microsoft. Insight Center.

article thumbnail

Is the Next Karl Marx a Management Consultant?

Harvard Business Review

The new ideology would not see markets as an end in themselves; instead, it would value global trade and investment to the extent that they contributed to a flourishing middle class, not just to greater aggregate national wealth. And in that he sounds a lot like Michael Porter, Dominic Barton, Rosabeth Moss Kanter, etc.

article thumbnail

Your Digital Strategy Shouldn’t Be About Attention

Harvard Business Review

The painful truth is: attention itself isn’t worth as much as today’s marketers, boardrooms, and beancounters think. Institutions and leaders, obedient students of modern marketing, obsessively ask, “How do we get people to be loyal to us?” Make the terms and conditions impossible to understand!