Friday, August 27, 2010

A Simple Strategic Framework

Many who read the blog title may opine that the phrases "Simple" and "Strategic Framework" do not go together!

However, H. James Wilson proposes exactly such a framework. While admitting that traditional strategic frameworks are rarely helpful to front-line practitioners, he draws upon a simple concept from his personal life as a trainer and racer in triathlons.

Wilson found that triathlon racers can be segmented into three categories based on which position they finish in. Those finishing middle or last seem to have just one goal - to somehow get into the segment which finishes first, i.e. move in that direction from one race to the next. Based on this concept, he asked three questions to several firms to assess where they were, and whether they were moving in the right direction.

You can read about his findings at the HBR Blogs. A rather short and simple read, this.

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