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Today’s Organizations Are Outward Bound

Leading Blog

When a company diversified, it bought companies in other businesses, or else developed new businesses internally, to sell additional products or services, as with Honda, which has exploited its expertise in motors to produce a variety of other vehicles — outboard motors, lawnmowers, ATVs, and so on. He is the author or coauthor of 21 books.

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How to Use Intelligent Failure and Controlled Chaos to Strengthen Agility Ability

The Practical Leader

In his article on “Crafting Strategy,” McGill University professor and management author, Henry Mintzberg, provides a good example of innovation and organizational learning in high-performing, agile organizations: “Out in the field, a salesman visits a customer. A new product emerges, which eventually opens up a new market.

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To P or Not to P: Does Your Purpose Provoke Passion?

The Practical Leader

And don’t delegate purpose to marketing. McGill University management professor and author, Henry Mintzberg said, “an organization without human commitment is like a person without a soul: Skeleton, flesh, and blood may be able to consume and to excrete, but there is no life force.”

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Surveying Strategy

LDRLB

These executives pour over data regarding what products are profitable and unprofitable. They decide on where to position their products. They examine estimates about what opportunities the future of the market holds for their current and imagined products. They conduct near-cliché tools such as a SWOT analysis.

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Great Businesses Don't Start With a Plan

Harvard Business Review

Many start-up plans emphasize some gigantic potential market and how getting just the smallest sliver of it will make them and investors rich. This is what Henry Mintzberg , a seminal figure in competitive strategy theory, once described as "emergent" or "evolutionary" strategy. Focus on a well-defined market sub-segment or niche.

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Stop Comparing Management to Sports

Harvard Business Review

Business history is full of examples of companies that grew remarkably fast – often aided by acquisitions – and became the darlings of the stock market, only to collapse after a period of high growth and corresponding pressure. That is because, ultimately, competitive advantage comes from people, rather than products or patents.

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5 Strategy Questions Every Leader Should Make Time For

Harvard Business Review

As famous management professor Henry Mintzberg has described, much of strategy is “ emergent.” Companies often engage in new activities – customers, markets, products, and business models – serendipitously, in response to external events and lucky breaks. Stuff happens. What would an outsider do?