November 2006
2 posts
1 tag
Why strategies fail
Michael Porter has a nice essay over at Wharton on why strategies fail. I always enjoy how for Porter it all comes back to understanding what strategy is. Some of my notes and excerpts: Failure comes from within. “I have come to the realization after 25 to 30 years that many, if not most, strategic errors come from within. The company does it to itself.” Being the best isn’t a strategy. “Many...
Nov 2nd
Corporate prediction markets
There’s been a lot of noise recently about companies using trading markets to help predict outcomes, ferret out the best ideas, or accurately size up a complex situation. BusinessWeek Online packaged a whole issue on it, and Business 2.0′s September issue (p. 47) discusses “The Wisdom of the Corporate Crowd.” Yes, this draws on that wonderful pop psychology of The Wisdom of Crowds. This is a...
Nov 1st