Strategy

Most executives naturally gravitate toward one of these two approaches. The challenge is that companies need both.

When two business models, and two business units, make sense.

From Apple to Twitter, some of the most successful businesses are not what their inventors originally envisioned.

Systematizing the analysis process should produce more gain and less pain when forming strategic partnerships.

In a global economy, sustained competitive advantage arises from tackling social, political and environmental issues as part of a corporate strategy.

Managers need to learn from history about what they can and cannot predict, and develop plans that are sensitive to surprises.

Many companies have trouble making the transition from a failing business model to one that works. Often, one culprit is an inability to experiment.

When venture capitalists are more tolerant of failure, the successful companies in their portfolio tend to be more innovative.

Grameen Bank and others know that you get the best answers by burying yourself in the questions.