First Mover Advantages/Disadvantages

If you have a product or service that opens up a new market, as opposed to a new product for an existing market, you’ll want to consider “first-mover” advantages and disadvantages. The advantage may result in market dominance and higher-than-average profitability. A disadvantage can occur when a company entering the market later achieves superior results with “second-mover” advantage.

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Strategy Planning Made Easier

Without a properly executed Strategy Plan, you’ll never get the successful results you desire. Instead of shaping the environment and controlling the future, your organization will scurry to adapt to the chaotic events attacking from all sides—like Newtonian billiard balls bouncing off each other in random fashion. You’ve surrendered the future to the whims of fate.

Strategy planning is an exercise in prediction based on what worked and didn’t work in the past, which unfortunately you’re biased toward. Strategic thinking requires that you expose your core competencies and strengths to new possibilities, while reducing or eliminating weaknesses linked to the past. Continue reading →

The Ken Tasch Business Imperative Framework for Success

I’m asked all the time what’s on my short list for business success. Here’s an undetailed list of nine imperatives that businesses must implement to be successful: Continue reading →