Strategy

Exploring ideas in strategy, management and how organizations really work.

  • Healthcare and the tragedy of the commons

    Land grab In more pastoral times, town layouts might include a designated area of public land on which anyone was free to let their livestock graze. An early example of this was Boston Common, originally a pasture for cows before…

  • Competing when you can’t compete

    Divided loyalties In the early 1980s, a swirl of deregulation was upending the cozy and profitable arrangements U.S. airlines had enjoyed for years. Routes had previously been tightly restricted, and fares were regulated to ensure a comfortable return for owners….

  • The benefits of limiting your freedom

    A tale of two cities Detroit was a uniquely American success story. Originally a strategically situated trading post, it rose to its greatest prominence in tandem with the booming automotive industry. The city was home to several pioneering industrialists whose…

  • Why you’re not as smart as you think

    The Midas touch Imagine you’ve been wildly successful in a highly visible role, celebrated for your genius in introducing innovations to a market not traditionally known for them. On the strength of that track record you vault into another space…

  • The checklist for great presentations

    If you are even remotely connected to modern organizational life you have sat through your fair share of presentations, be they routine readouts to a small team or the spotlit keynote before an audience of hundreds. Although a few of…

  • Two simple ways to make better decisions

    Step right up Community gatherings and carnivals have long entertained attendees with guessing games, in which a glass jar containing some vast quantity of small objects is kept on display, with a prize going to the person whose entry is…

  • How to create a culture that lasts

    House of cards When the accountants have no idea what’s going on, leaders struggle to explain the choices they’re making, and even savvy Wall Street-types who dig into this stuff for a living are thoroughly baffled, you can bet something…

  • Extend your horizons and do what others can’t

    Sounds good It started with a disappointing audio system. A diligent MIT engineering student was nearing the end of his doctoral studies, and as a classical music fan he decided to purchase the best stereo he could find as a…

  • The singularity isn’t real, people

    You, robot Ray Kurzweil was a precocious child, to put it mildly. His fascination with robotics and programming began early, and by the time he was a teenager he was already demonstrating the technological brilliance that would come to characterize…

  • Bigger and bingier: the business of more

    Happy meals Before it became the colossus of fast food with outposts in nearly every country, McDonald’s was a novel hamburger chain with a limited menu and an emphasis on low prices. A distinguishing feature was its rapid service, which…