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In the past, leaders used the terms replacement planning and succession planning synonymously, but the two differ. Convincing decision makers to have a disaster replacement plan in the event that key individuals die or depart unexpectedly is not too difficult; persuading them to prepare people for advancement years ahead of their actual promotions presents moreRead more

A breakthrough product, dazzling service, or cutting-edge technology can put you in the game, but only rock-solid execution of a well-developed strategy can keep you there. You have to be able to deliver—to transform your brilliant strategy and operational decisions into action. If your organization is like many, however, in an effort to improve performance,Read more

Effective strategy formula­tion concentrates actions and resources on critical issues, gains commitment, provides a rationale for allocation of resources, enhances communication, and increases your chances of thriving in your industry. However, leaders often face a three-fold problem relative to strategy: they confuse strategy with tactics; they don’t hire enough strategic thinkers who can handle theRead more

Aardvarks are really good at one thing: eating bugs—sometimes 50,000 in one night! No other creature on the planet can match their appetites. Star performers in their own corner of the jungle, when they tuck a napkin under their aardvark chins, they produce impressive results, just like your hard-working people can in their jobs. TooRead more

What is strategy? The definitions vary slightly, but the common elements and their effects on the realities of organizational life are apparent. According to three longstanding experts in the field, strategy is: “a framework of choices that determine the nature and direction of an organization.” 1 “those policies and key decisions adopted by management thatRead more