Decision makers need adequate instruments in order to foresightedly steer the efficacy of strategic measures. In many cases, organizations confine themselves to simply monitor the defined measures. What is often missing is a foresighted efficacy monitoring.
Due to the social and economic conditions’ rapid dynamics of change, management faces the challenge of adapting the organization’s vision accordingly. In this context, organizational and personal competences play a central role: An organization must be capable of monitoring external development as well as seizing existing impulses, to then evaluate them […]
“Because every swan I have ever seen was white, all swans must be white!” If the contrary has not been proven true over time, this statement would sound quite reasonable. Until the 17th century, the Europeans had firmly believed that all swans were white. The discovery of the black swan in […]
The increasingly strong exchangeability of products and services present management with special challenges. Often amounts and prices are the sole relevant variables in business. Achieving the objective of clearly standing out from competitors has become increasingly difficult. Even though products are exchangeable; a business is not! Developing and offering […]
Strategy is a clear answer to the question of how an organization positions itself within the market and in comparison to its competitors. The strategy development connected to it is a major, non-delegable managerial task within the company, which enables the differences between present and past to be processed. […]
Sooner or later, not only family-owned enterprises are confronted with the challenges of business succession. As media reports have shown, the subject can also become relevant to large corporations, such as in the case of IKEA: According to initial reports, the overall responsibility for the company, once established by […]
In consideration of the capability to respond to current challenges, the leader of an organization has the responsibility to ensure that a continual comparison takes place between the existing organizational conditions and future requirements. Often, strategic repositioning leads to an ultimately clear view upon the organization-related requirements for further […]
Latest research has shown that a consistent alignment to one business strategy has a high probability of success. In many projects we had to observe though that many companies unconsciously followed mixed strategies and hence give away competitive advantage. The consistent determination and alignment to one business strategy is elementary and provides essential decision premises […]