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BNET Business Dictionary
- Strategy
- a course of action, including the specification of resources required, to achieve a specific objective
- Strategy definition on BNET »
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- Business and IT Integration: Where Tech and Strategy Meet
- We warned you there'd be a lot of 2007 year-in-review and 2008 predictions posts. Here we go again. Verizon Business has identified 10 hot business technology trends for 2008, including CIO as a business strategist: CIOs will take on an even more pivotal role in determining how to invest capital...
- Blog posts 2007-12-18
- How Does GE Address Global Issues in Innovative and Market-Changing Ways?
- GE has a rich history as an innovation leader. Managers have come up with a huge list of reasons why GE is synonymous with innovation, including diversity of businesses, constant growth and investment in R&D, commitment to eco-friendly technologies, and a global presence with a wide range of products. Imagination Breakthrough Leader Shahira Raineri outlines...
- Blog posts 2007-12-18
- Hot-Button Topics for Managers in 2007
- Much of success in business comes from listening to your customers, and the same is true for those of us writing for a management audience. Your insights shape the conversation, inspiring us all to question what defines strong leadership, what motivates employees to go the extra mile, and what propels...
- Blog posts 2007-12-18
- How to Manage Ignorance; Inside the Book Peter Drucker Never Wrote
- Organizations devote abundant time and resources to knowledge management, but what about ignorance management? The nuggets are often nestled somewhere between what you know you don't know and what you don't know you don't know. So how do you get at them? If the stories of fallen...
- Blog posts 2007-12-12
- When Is It Wise to Sacrifice Profitability for Market Share?
- Motorola's chief executive, Ed Zander, will hand over the reigns on January 1st, 2008. Zander's adamant it was his decision: "[It was] my date, my doing, my time frame." He even added that he'd told his wife he intended to be CEO for four years only. If you've followed Motorola's...
- Blog posts 2007-11-30
- Management's Role in Network-Centric Innovation
- Speakers at next week's "Creativity, Entrepreneurship, and Organizations of the Future" conference, part of Harvard Business School's 100th anniversary celebration, will ask some thought-provoking questions about management's role in innovation. One question about the Internet's impact on collaboration stands out: Are management processes so out of sync with networked processes that they'll...
- Blog posts 2007-11-30
- Is an "Open" Strategy Right For You?
- Some critics called Amazon's Kindle electronic book reader overpriced and poorly designed, while others hailed it "the book of the future." There may be truth on both sides of the debate, but nonetheless, consumers have spoken, and their response has been highly favorable. Now there's just one thing standing in the way of...
- Blog posts 2007-11-28
- CIO Influence Waning; Tech Execs Need to Step Up
- CIOs need to step up their game if they want to maintain their influence. The Society for Information Management found that 31 percent of CIOs report to the CEO now, as opposed to 45 percent last year. Some CEOs are questioning whether or not their companies' even need a CIO now...
- Blog posts 2007-11-21
- The Future of Innovation Management; Hamel and Bryan Speak
- Gary Hamel and Lowell Bryan offer similar perspectives on the future role of management in their respective books, "The Future of Management" and "Mobilizing Minds" (co-authored by Claudia Joyce). Each calls for organizational change so managers an direct employees with the same innovative energy that is devoted to product development -- minimizing complexity and harnessing every...
- Blog posts 2007-11-20
- How to Enable Viral Change
- Since we just posted a blog on innovation management and the organizational changes digitalization and globalization require, it seems appropriate to link to a series of myths about change management. Viral Change TM first listed 15 myths, and has been responding to each myth, one by one, in a series of posts dating...
- Blog posts 2007-11-20
- Need to Cancel a Vacation for Work? No Problem
- It's becoming increasingly difficult to justify taking time to yourself (despite abundant research on the benefits of work/life balance, which should release us from feeling the need to find justification). Research shows that 19 percent of workers have cancelled a vacation for work at least once -- and vacation insurers are counting on this. ...
- Blog posts 2007-11-15
- Beer: Defying the Laws of Supply and Demand
- If you did a little happy dance when you learned that beer can actually be good for you, you may want to sit down before reading the rest of this post. Foreign Policy's Passport blog reports that beer "defies the laws of supply and demand." The post discusses how the...
- Blog posts 2007-11-13
- Research Shows Why You Are Always Right
- Have you ever worked with someone who's always right? You know, one of those people who can always find a reason why a customer, client, or coworker is to blame for their personal shortcomings. Poorly prepared presentation? The client lacks vision. Accounting error? Faulty software. Disagreement about corporate strategy? It's all you're fault...
- Blog posts 2007-11-12
- How to Become One of the World's Most Influential Management Thinkers
- Think you're one of the most influential management thinkers? Odds are you aren't no offense -- at least not according to Sun Media's 2007 Global Ranking. At the top of the list is CK Prahalad, who developed the concept of core competencies and wrote several groundbreaking books on corporate strategy....
- Blog posts 2007-11-09
- How to Escape From Time Vampires
- Today being Halloween, it seems appropriate to discuss a topic that's relevant all year-round, but fun to say today: escaping from time vampires. You know; those people who feed off your time and energy, always trying to get more than your better judgment says you should give -- coworkers, clients,...
- Blog posts 2007-10-31
- Saving the Newspaper Industry, Slashing One Section at a Time
- The LA Daily News has diminished and moved its business section to make room for KNOW, a section that will "contain in-depth information about everything from relationships to cars, from issues of faith to the history of the region." The business section, now located in B2, no longer includes stock listings. Likely, KNOW will start...
- Blog posts 2007-10-30
- Merrill Lynch Gives Stan O'Neal the Boot; Now What?
- Merrill Lynch posted a $2.3 billion net loss for the third quarter — its biggest since its founding 93 years ago — thanks to risky investments in subprime mortgages. The brokerage firm allowed chief executive Stan O'Neal to "retire" after the board learned of his secret merger talks with Wachovia. (The many ex-employees whose jobs...
- Blog posts 2007-10-30
- Microsoft Unified Communications; Waste of Time and Money?
- Microsoft's Office Communication Server 2007 -- the heart of the company's Unified Communication Strategy -- was launched this week. Jeff Raikes, president of Microsoft Business Division, initially described the offerings as a "software-focused approach to bring together disparate communications technologies into a unified experience -- driving down the cost and...
- Blog posts 2007-10-19
- How to Recover From a Bad Business Deal
- Bad deals happen to good people. Perhaps your company responded to industry changes with a good-on-paper strategy that failed to be transformational. Maybe some of the big guns made decisions based on high-up relationships but failed to foster the integration of corporate cultures. Or maybe conducting due diligence became more about...
- Blog posts 2007-10-16
- Get Into the Heads of Wealthy Consumers
- To survive in a competitive marketplace, you need an edge to differentiate your business from the competition. In the wealth management industry, that edge is all in your head. That's right; wealth management companies are now offering psychological services to help clients deal with their fears. Psychologist and consultant James Grubman...
- Blog posts 2007-10-09
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