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Strategy

Why CEOs Must Change How Their Organizations Forecast

Improving the odds of predicting an outcome is a vital determinant of informed business decisions. By being able to more accurately and quickly forecast such factors as market demand, changing consumer demographics or rising political instability, a company gets a jump on its competitors to generate profitable business revenue.

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Coming in Second: When Being a ‘Fast Follower’ Is the Best Strategy

Marathon.

An accepted wisdom in business is that being first-to-market with a product, service or a new wrinkle on an old idea is the optimal strategy. Intuitively, this makes sense—a new market is there for the taking. The early mover can capitalize on its inventiveness, win brand loyalty and fend off the copycats that follow. Now comes a series of provocative books declaring that being an early mover is fraught with danger, that the risk of failure for a first-to-market company is much higher than for the pack in pursuit.

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6 Ways to Nurture CEOs’ Visionary Thinking

Every CEO wants to be a visionary; it’s practically in the job description, and it’s one of the most reliable indicators of effective business leadership. But they don’t have to rely only on visions, dreams and flashes of insight to provide a picture of the future they can use to forge missions and cast strategies.

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4 Ways to Motivate Employees to Help Achieve Your Strategic Vision

The biggest reasons strategic initiatives don’t get done is the enormous amount of energy it takes to run daily operations. Between serving a customer and working on a strategic initiative, which one is your team going to work on? Every time, it will be the day-to-day work. So now that we know what the issue is, how do we fix it? Here are 4 steps that can help.

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The Secret to a Successful Strategic Planning Process

A strategy canvas can help CEOs and their teams visualize their company’s current strategic position in its marketplace and chart its future strategy. By building a strategic planning process around a strategy canvas, the C-suite can focus its attention on the big picture rather than by becoming immersed in numbers and operational details.

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