Tag Archives: risk management

Three Tips for Leading Strategic Alliances

Strategic alliances are a growing subset of strategic initiatives. A Strategic Alliance is a relationship between two or more parties where they collaborate to capture an opportunity or extend their reach into complementary areas. Author and consultant Greg Githens has participated in many strategic alliances, both as a leader and as a consultant and offers three tips that will increase the probability of success. Tip #1 – Meet in Person, Frequently. Tip #2 – Find and Articulate Strategic Insights. Tip #3 – Explicitly discuss risks, risk tolerances and risk response strategies. Continue reading

Posted in Program & Portfolio Management, Success Principles for Strategic Initiatives, Useful Practices & Management Tools | Tagged , , , , , , , , , | Leave a comment

Apple versus Samsung: Three Lessons for Strategic Initiative Leaders

Here are three lessons for strategic initiative leaders drawn from analysis of the Samsung Apple iPhone patent infringement verdict. 1. Tell the better story. 2. Make better strategic bets. 3. Value originality. Continue reading

Posted in How to Improve Your Story Telling Chops, Success Principles for Strategic Initiatives | Tagged , , , , , , , | 1 Comment

Use the Prospective Hindsight Technique to Improve Your Vision Statements and Story Telling

The practical technique of prospective hindsight – on both the disaster scenario and the delight scenario – will help your strategic initiative team identify risks and think more strategically about turning the vision the vision into results. The difference between a prospective story and retrospective story is also discussed. Continue reading

Posted in How to Improve Your Story Telling Chops, Strategy Coaching and Facilitation, Useful Practices & Management Tools | Tagged , , , , | 2 Comments

Resolving Ambiguity and Uncertainty (Strategic Thinking – Part 4)

Strategic initiatives leaders must understand the difference between ambiguity and uncertainty. Uncertainty deals with explicit questions, whereas ambiguity raises the point, “Are we asking the right questions?” Both are useful concepts, and strategic thinkers have tools (most importantly, questions) for dealing with both. This article continues a series on strategic thinking. Continue reading

Posted in Competencies of Strategic Initiative Leaders, Strategic Planning Issues for Strategic Initiatives, Success Principles for Strategic Initiatives | Tagged , , , , , , , , , , , , | 9 Comments