Notes on Growing Wealth in the For-profit Firm 2018

January 2018 will be the beginning of the eighth year of this series of articles on what causes the valuation of the for-profit firm to increase. The topics are not just purely financial and include those plus topics and causes of wealth creation and growth such as competitive strategy formulation, strategy execution, process excellence, innovation, the leadership of strategy and much more. We are honored that so many people have found our points of view useful for their efforts, whether in industry or consulting. We pledge to try to bring important and interesting topics to you in 2018. Very best regards, Bill Bigler.

research at business schools

The Mind and Behaviors of the True Professional

I have been wanting to write this piece for a long time. As readers of this series know, the articles are about what causes the for-profit firm’s valuation to increase. Here I want to write about how true professionals think and behave. To the extent that firms need and want true professionals as executives or consultants, the article should serve to foster the theme of these articles of increasing firm valuation.

buildings and sky

Why Business Performance Can Be Elusive and An Approach Forward

Even “excellent companies” go through periods of problems with sustained business performance. Amazon caught traction in the marketplace after almost going bankrupt in the 1999-2000 time period and became a runaway success and value-creating machine. I have read nowhere in the business press of any current problems with business performance at Amazon. Everything they do seems to become a hit. But I can almost guarantee that Jeff Bezos worries about some aspects of business performance at Amazon. For most for-profit firms, there is always some aspect of business performance that can at least be improved.

lion

On Business Schools and the Training of Business Managers and Leaders

Readers of this series know it is about what causes the valuation of for-profit firms to increase. But in this wide-ranging article, I want to describe how business schools and the training of business managers and leaders is a key ingredient in our economy of helping to grow the valuation of for-profit firms. Without ‘good to great’ managers and leaders, who are allowed to actually practice their crafts inside of their firms, our system of free-market capitalism is at stake. Business schools’ role in the training of business managers and leaders has some room for improvement.

Core of Competitive Strategy

Your Firm’s “Value Story”: The Core of Competitive Strategy

I have just finished a brief client engagement this past week whose situation reminds us of what is at the core of your firm’s competitive strategy: the “value stories” that differentiate your firm and your firm’s key strategic initiatives. I was asked to help assess why a venture of three years was not making very many sales. In today’s world, if the value story is not superior and compelling, most of the time your firm or a key initiative is in trouble.

Developing the mind of a successful strategist

Developing the Mind of a Successful Strategist

I am asked from time to time how many business people are really strategic in their thoughts and actions. This article will cover the thought part. In my estimation, a relatively few people in business are good strategic thinkers – I think about twenty percent. I am not trying to be inflammatory – only reporting my observations, which could be based on the sample of only the people with whom I have dealt over the last forty years in the field.

people are all the rage

Here We Go Again – People Are All the Rage

I am not against people. I am one of those people and for much of my thirty-five-year career, I have been an employee. I have started my second consulting boutique and look forward to engaging well any employees who would want to work with me. People are a fascinating topic in the context of work and maybe anywhere else for that matter. But at work, we all know people who we can count on, those who we to try to avoid as they seem to be toxic, those who are team players and those who are rank opportunists. I could go on listing the kinds of people we have all worked with.

ceo strategy first thirty days

What Should a New CEO Do in the First Thirty Days In Office?

There have been many articles published on what a new CEO should do in the first ninety days on the job. What can I possibly add to this discussion? I have only been an ad hoc CEO at one client, but I have counseled six CEOs in this process when the board of directors brought in a new CEO from the outside. I was asked to extend the scope of my strategy work and be a coach for this process.

Growth Constellations – An Audit Approach For Your Firm

Recall my definition of a GC is: a key valuable resource or a bundle of valuable resources and a unique capabilities set aimed at a particular opportunity or related set of opportunities in the marketplace. This approach is brand new so I have only initial experience in conducting GC audits. However, I think this audit framework works but I invite your suggestions from your experience on things I w

Growth Constellations – A New Phrase For Strategy Part 1

This article will present a new phrase for strategy: “growth constellations” and make some important distinctions, I think, for the field of competitive strategy. I think the phrase growth constellation could be at least a complimentary, if not better way, to describe your firm’s competitive strategy in today’s world of quick change, transient competitive advantage and the need for dynamic capabilities.

What Is The Real Pace of Your Business? Answer: Market Rhythm

Here is a quick question for you: how fast does your business to do anything? But as readers of this series of articles know, this series is about what causes a for-profit firm’s value to increase. So while we will focus on how long it takes your business to complete new strategic initiatives that have been derived from strategic planning, competitive intelligence, innovation or from other sources, this discussion will cover the speed in general of your business as well.