MindShifts Matters - July 2009

The topics covered include:

How to win in a financial crisis
Simple survival is the first strategy that most managers come up with when confronting a financial crisis. The savviest managers, however, realise that a period of great uncertainty, with financial and competitive landscapes changing almost overnight, can be the ideal time to make important strategic gains. Read this article to see how you can turn the current economic environment into the opportunity of a lifetime for your company.

Strategic Planning: Three tips for 2009
Strategic planning season has arrived for many companies, and it couldn't be more different than it has in years past. Strategists, now facing the most profoundly uncertain times in their careers, are creating disaster scenarios that would have been unthinkable until recently and making the preservation of cash integral to their strategies. With the benefit of the tips provided in the article, despite challenging times, this years strategic planning process need not be an exercise in anxiety or futility.

7 Principles of Knowledge Management
Dave Snowden has recently expanded his 3 rules of knowledge management to the 7 Principles of knowledge management. The real world is complex, fragmented and inherently messy and that is not necessarily a bad thing! As Dave says, we have evolved to handle this. Have we really?

Competing with Free
While some may only grudgingly admit it, competition is good for business. But not all competition is good - or, at least, certain types of competition can be very bad for business. The most dangerous competitor is one whose primary competitive tool appears to be aggressive price competition, either rapidly moving prices down, or worse, selling products or services below cost. How can your business compete with an 'irrational' competitor who offers equivalent products or service below cost or for free?

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