The Strategy Game: A Monthly Newsletter for Business Leaders on Achieving Sustainable Growth

Click to listen At a recent networking gathering, I was asked, “Which is more important: strategy or execution?” I didn’t want to be rude, but it’s a nonsensical question. It’s like asking, “Which is more important, your car’s engine or its wheels?” In both cases, you won’t get far with just one. BlackBerry, Nokia, and Motorola excelled…

Click to listen In one of my entrepreneurship classes, a team of students came up with the idea of an app for helping young people navigate the local nightlife scene. The app’s focus would be on understanding things like line length, cover charges, and other factors specific to the bars and nightclubs here in Boston. To…

Click to listen You’ve no doubt heard about the cargo ship that struck the Francis Scott Key Bridge in Baltimore last month, causing nearly the entire structure to collapse instantly. As of this writing, the cause is still not entirely clear. Apparently, the accident was not the result of one major thing. In fact, it seems…

I’ve often said that a company should have just one strategy — something that functions as the highest-level guidance for the organization.So I had to think carefully when I was asked recently about the need for a departmental strategy, that of the IT or marketing department, for example. After all, each operating department — groups that have…

Recently, I was asked whether I thought entrepreneurship could be taught. I wondered if that was a loaded question since I teach entrepreneurship at Boston University. My (only slightly) bruised feelings aside, the embedded assumption was that entrepreneurship is some kind of magical process that can only be done by people born with certain characteristics. After…

It’s been more than 20 years since Dr. Loraine Hale, president of a children’s shelter in Harlem, pleaded guilty to diverting more than a million dollars of donated funds for personal use. The scandal was the apparent spark that led Pat Dugan to launch Charity Navigator, believing there was no good way for the average donor to determine…

The first spreadsheet I ever used was Lotus123. I’m not exactly sure of the year, but it was sometime in the mid-eighties. Back then, the promise of this cutting-edge invention was that because of its relative efficiency compared to pencil and paper, spreadsheets would lead to a tremendous amount of time savings. Somehow, though, it didn’t…

When my son Michael was in high school, he worked after school at a local ice cream shop. They had all the traditional flavors, of course: vanilla, chocolate, strawberry, etc. But… they also experimented with some that were new and unusual. One flavor that stood out to me was jalapeno! I always wondered: Who in their right…

You’ve no doubt heard a lot about AI (Artificial Intelligence) over the past several months.From what I’ve read, these tools will either be the greatest invention ever, transforming the world of work and significantly increasing productivity, or… they will lead to tremendous job losses and the end of humanity as we know it.Although serious people…

“The essence of strategy is choosing what not to do.” — Michael Porter Strategy involves choices, and choices involve trade-offs. Trade-offs enable you to deliberately choose ways to differentiate your organization from others in your field.At a high level, deciding what to do — and what not to do — is only the starting point. Many other trade-off…

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