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Choices to focus your business plan

Lead Change Blog

The clearer a company is about what it is moving towards, the more successful it will be in executing its strategy. An effective business plan over-weights attention to core competencies – the things your company does best – and steers clear of anything outside of that nucleus. There’s more to success than the absence of issues.

Planning 275
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The Biggest Challenge In Business? I'ts Not What You Think

Six Disciplines

BOTTOMLINE: Building an organization that executes its strategy is the greatest core competence an organization can have -- and doing so is the greatest challenge in business. It's what we refer to as the "Growth Paradox": the better you execute, the bigger the challenges you'll face.

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The Biggest Challenge In Business? I'ts Not What You Think

Six Disciplines

BOTTOMLINE: Building an organization that executes its strategy is the greatest core competence an organization can have -- and doing so is the greatest challenge in business. It's what we refer to as the "Growth Paradox": the better you execute, the bigger the challenges you'll face.

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A Closed-Loop Strategy Execution System

Six Disciplines

By management system, they're referring to the integrated set of processes and tools that a company uses to develop its strategy, translate it into operational actions, and monitor and improve the effectiveness of both. By creating a closed-loop management system, companies can avoid such shortfalls. Discipline I. Decide What's Important ).

System 98
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A Closed-Loop Strategy Execution System

Six Disciplines

By management system, they're referring to the integrated set of processes and tools that a company uses to develop its strategy, translate it into operational actions, and monitor and improve the effectiveness of both. By creating a closed-loop management system, companies can avoid such shortfalls. Discipline I. Decide What's Important ).

System 85
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Walmart Won’t Stay on Top If Its Strategy Is “Copy Amazon”

Harvard Business Review

Improving the in-store experience, promoting omnichannel shopping and fulfillment options, and developing in-person service innovations are avenues that leverage its brand equity and core competencies — and they’re approaches that would put Amazon at a disadvantage. But this rarely ends well.

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A Sad Lesson in Collaborative Innovation

Harvard Business Review

A crucial element of its strategy to win over consumers to its advanced smartphones was to persuade third-party developers to create a vast array of apps for its phones. But its strategy of customizing hardware for telcos had the unintended effect of imposing high customization costs on would-be developers (i.e.,