Why do some companies succeed in creating new markets while others fail?This question has driven the work of W. Chan Kim and Renée Mauborgne over the past ten years and led them to conceptualize a framework for business innovation and success: Blue Ocean Strategy.
Strategic awareness rarely features in modern textbooks on management, yet is something that can fundamentally change conversations and decision-making at the Board level.
In essence, strategic awareness is the...
Have you ever seen one of your close peers receive a promotion, or be appointed to a Board, only to then treat you and existing workplace friends in a different, negative way?
This commonly accepted business practice tends to compel people to believe that they need to cut costs to improve revenue and profit, making expenses the focus of the business strategy, not revenue generation. This often leads management to make decisions that actually harm the organization.
When it comes to financing a nonprofit, there are many uphill battles. The two greatest factors that either create or limit prosperity and abundance in a nonprofit organization are...
The following list is a compilation of tactics and behaviors which may seem unconventional, but form the foundations of a resilient business that can sustain conscious growth.
Have you ever had (or heard of) the situation where one or more Board members were either consistently late, or were not turning up on a regular basis (with or without pre-warning)?
For innovation to thrive in an organization, the CEO plus Board of Directors must actively promote the right culture.
The thinking habits of an organization's Board of directors plays an important role in shaping the culture of its workforce and the effectiveness of its strategies.
The strategic value of asking the right questions, especially during board meetings, is rarely tapped into. Start use the six most powerful questions below and watch the effectiveness of your board skyrocket.
One of the most powerful tools for creating strategic awareness in your nonprofit organization is your Vision statement.