Even If You See The End Is Coming. You Still Need A Strategy Out. It Is The Time To Think New Game.

Almost all companies at some point face some serious crisis. Sometimes it is clear that the end is near or coming and no can see the light at the end of the tunnel, at least not until you see it. Sometimes you know there is a way out but not sure how.Facing with disruptive changes driven by innovative technologies or shifting regulations, it is clear that the strategy is no longer working. You see the demand of your products is disappearing or new business models or low cost payers are eating your lunch. What do you do?

There is often a short window of opportunity to do something radically different; it has to be drastically different. Any incremental change or window dressing will push you closer…
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Do You Know What A Growth Strategy Is?

happy new year
This marks the end of another year. A very busy and fruitful year for us. Personally I was on the road for more than 200 days and I need to take a break – perhaps 3 days. What about my New Year's resolution? I need to cut down on drive and email. I need to cut down on attending unprodcutive meetings. I need to find three people to mentor that they can become the best. I need to revisit places from my childhood that were memorable. I need to back up my hard drive (I am 96 days behind). I need to produce a mini feature film and shot entirely with my HTC phone. I need to cut down on my public…
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Let’s Not Confuse Drawing Circles And Arrows With Real Sensemaking.

As everything is moving faster and less predictable as it seems while organizations struggling to understand what it means and what options to take and how to land on the right decisions at the right time.The results often are inactions or delayed repsonses that cost companies.

Both senior and middle managers’ job include understanding, interpreting and communicating options for executive decisions, both as change agents and advocates. The toolkit that they have is very limited. Sensemaking is a vital skill and a new managerial discipline that is lacking across many organizations and functional units. How do we define sensemaking? It is how we try to make sense of the world and associated challenges so we can see and act in it. It also carries the concept…
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Strategy Lessons From The Safari. There Is More Than Just The Survival Of The Fittest.

I recently took my strategy and innovation class out of the classroom. Guess where we ended up? A safari or a zoo (whatever you want to call it). What’s a better place that teaching strategy where you can see the survival of the fittest. It was a suggestion from my students.

History is filled with examples of animal species with Dinosaurs as the lead example that were made extinct by their inability to adapt environmental change and the prediction from scientists is that there are more to come. An alarming finding that was published in the scientific journal Nature that suggested more than a million existing species could be extinct by 2050 because of climate change. Probably 80% of those species we have never heard of.

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China Is Pushing The Frontiers Of Innovation. It Needs To Move Beyond Just Technological Progress. China Is Behind In Commercialization And It Is A Big Gap To Fill.

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There were lots of interesting debates about "new thinking around innovation and future development of enterprises in China.” With almost three decades of sustained economic growth and orchestrated government support for advance technology research resulted in a large talent pool (but still not large enough) and many are well trained by foreign univerisities and companies.

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China has made impressive achievement in many areas including network technologies, article physics, structural biology, genomics, human space exploration, supercomputing and high-speed rail which is part of China's centrally designed and state-led innovation model. Moving towards a…
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What Do We Need More? Managers Or Strategists? Or Design Thinkers?

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In business school we are taught the difference between a good decision and a bad one, and how to leverage a good one to get the most out of it. We are also taught that the best decisions are those that minimize risk and produce the highest return.
On the ground, management decision-making is never that simple.

We want managers to have a vision for the long term but be flexible enough to respond to competition in the short term. We want them to produce consistent results and yet experiment with innovative ideas for growth. We want both change and stability.
If change is the only constant, its constant companion is the avoidance…
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Today Is The Launch Of My New Book “Design Thinking For Strategic Innovation”.

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“Design Thinking” has gone beyond fashionable in the design industry, but now quickly getting into management circles and even boardrooms. B-schools are tapping into this new trend and but many are yet to understand what it means and its applications. The idea of management that we teach in B-schools was originally designed for a set of very different kind of needs – managing repetitive tasks, improving economic efficiency and labor productivity and maximizing scale. Today the needs expand to managing complexity and extreme uncertainty that is part of our everyday environment and this is where “Design Thinking” can change management forever.
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Some Celebrate Failure. Some Even Romaniticize Failure. The Best Strategy Is To Avoid It!

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The new M/I/S/C Bounce Back issue is out in newstand.This issue is packed with great articles about how companies should deal with adversity. It is one of the best issues ever.

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For the last few years, magazines have made failure romantic, and start-ups love their failure stories. It’s true, there are some great stories out there: at the top of the list is Steve Jobs who was…
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Introducing The 4P’s of Management: Peanut, Peter, Penis, and Perfection.

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I used to interview
between 200 to 350 fresh MBA grads a year, and many barely understand the basic principles
of management let alone strategy and organization design. Most people developed some functional skills attending B-schools but
most fail to develop a senior management perspectives despite those case studies method of teaching. Here’s the 4Ps that they need to teach in B-schools.

Here’s the
Management 4Ps which I invented to train young managers: The Peanut Effect, The Peter
Principles, The Penis Theory, and The Perfectionist Syndrome.
If you have not heard all or any one of them, don't worry.

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Can We Stop Talking About The Knowledge Management Nonsense Please? Knowledge Is Not Power. The Ability To Act On Knowledge Is Real Power.

The concept of knowledge management
is purely an academic topic and has very little relevancy to the real world. When consultants start promoting it as if it is the central piece of strategy or oganizaion, I have a problem with it. When
companies are thinking to hire a Chief Knowledge Officer to do the job of managing
knowledge, we should first consider Chief Culture Officer or Chief Common Sense
Officer, Chief Foresight Officer, Chief Politics Bashing Officer or Chief Human Factor Officer. These are more practical.

If the job of a CKO is to be the
chief librarian or chief facilitator, then a company will have 100 chiefs. Some are suggesting CKOs can take a
more strategic perspective, scanning…
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