It would be nice to know if we have laws of business strategy that should be followed at all times. Think about this – if there are no laws of business strategy then every decision we make is really following rules of thumb that have been passed down from generations or practicing common sense at the time of the decision. Not bad if these have worked in the past. But were you perhaps just lucky? What if there are laws of business strategy that could help you outperform your industry averages by a wide margin?
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Information Technology and Growing the Value of Your Firm
If you are like me and are not an information technology (IT) expert or aficionado, then you probably scrape by understanding the ins and outs of the waves of new IT the best you can. You call on your IT experts to train you on what you need to know from a technical standpoint, and make do until the next IT wave emerges. However, IT and the waves of new IT that we can count on to happen every year, if not every six months, have huge potential for helping to grow the value of your firm, which is the topic of this series of articles started last year for the Forum. As such, IT can be very strategic, as well as allowing us to perform daily tasks at ever increasing productivity and efficiency.