When it comes to creating a strategy for your business, it is rarely wise to move forward with just one carefully thought out course of action. Instead, it is wiser to encourage vigorous debate and develop several alternatives as part of the strategic discussion. The best scenario is to have three to five alternatives that are all so good that you experience a lot of angst over which one to choose. This process provides several benefits; among them are better critical thinking, increased creativity, and a number of alternatives to choose from as the future unfolds.
Unfortunately, many organizations don’t value this approach and they quickly move strategic discussions …
Pat M: "To further Stuart's reply, when our group President asked why our projects were …" on Portfolio Manager Roles
February 9, 2012
Stuart E: "Pat, it would be hard to disagree with your comments. One fairly common blind s…" on Portfolio Manager Roles
February 9, 2012
Pat M: "Perhaps I'm a bit naive, but it seems that you need both capabilities. In order…" on Portfolio Manager Roles
February 8, 2012
Andrew D: "Mr. Farnbach, Thank you for the feedback. We did approach the project just as…" on Recipe for Product Innovation
February 7, 2012