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flevyblog
The Flevy Blog covers Business Strategies, Business Theories, & Business Stories.
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Creative ideas—such as Innovation, Process Improvement initiatives, or Growth Strategy opportunities—drive businesses. It’s every executive’s dream to manage a team that is creative enough to come up with innovative ideas perpetually. Traditional brainstorming is the… Brainstorming Redefined: 7 Steps to Questions-based Brainstorming
To succeed in a market or industry, organizations need to objectively analyze the underlying forces, attractiveness, and other success factors. They often seek outsiders’ assistance to bring fresh perspective, insights, and recommendations. The external contractors… A Quick Look at the Structured Approach to Industry Analysis
One of the major necessities of this information age involves developing leadership that is capable of guiding organizations through challenging times. A vast majority of executives at most organizations are exceptional in handling routine operations;… Are Your Leaders Cognizant of the 10 Principles of Strategic Leadership?
Almost every other day, startups emerge and disrupt established companies because of their innovative ideas and business models. This disruption is, primarily, due to the reluctance of big companies to implement a series of strategic… An Effective Methodology to Avoid Disruption: The 8 Pillars of Innovation
Functional areas in an organization are often marred with ambiguities–some process related and other role related. The Responsibility Assignment Matrix or RACI Charting is a simple technique to resolve these ambiguities. It works collaboratively to… How to Conduct RACI Charting and Analysis Professionally?
Innovative technologies are sweeping away everything: organizations, work practices, offerings, hierarchies, and even business models. Those days are long past when business models used to stay static for years to no end. They are now… The Secret to Unlocking Business Model Innovation (BMI)
Financial downturns and intense competition has put a lot of strain over boards and directors to perform better. The effectiveness of the board of directors varies from organization to organization. An accomplished chairman can make… What Makes a BoD a High Performance Board?
New market entry provides potential opportunities for organizations to grow. But penetrating a market and establishing a new business is fraught with complications and failure. Attempts at entering a new market often fail, in fact,… For a Successful Market Entry, First We Must Remove Our Cognitive Biases
The problem solving approach to organizational design and management has a number of limitations. It focuses only on what’s wrong, identifying causes, brainstorming solutions, developing action plans, and not taking into account the areas that… Do You Know How To Take Advantage of the “Appreciative Inquiry” Approach for Organizational Management?
At the pinnacle of the Industrial Revolution, not many organizations realized the complex subtleties of the Financial Capital. The organizations that were able to develop innovative methodologies to administer their financial capital outsmarted the rivals… Do You Realize the Value of Developing BeCoN (Behavior, Cognitive, Network) Capital in the Digital Age?
Expanding into new markets presents lucrative opportunities, as well as risks. Potential threats in new territories include corporate corruption, malpractices, and fraud, which most firms have to face. Corruption and fraud cover a wide array… How to Counter Corporate Corruption and Fraud
While making critical decisions, not many strategists are conscious of the impact that cognitive biases have on business decisions. These biases are part of human behavior, and can be referred to as “systematic human tendencies… Building Blocks of Behavioral Strategy: How to De-Bias Your Decision Making Process