Author: Kris Safarova
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Strategic Challenges
Strategic Challenges In this post we will examine some strategic challenges that may arise. We will also look at an example of effectively dealing with strategic challengs. The creation of a strategy would be simple if we had a clear understanding of all causal connections between actions and outcomes. But this is not how the…
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Customer Care as a Sustainable Competitive Advantage
Customer Care as a Sustainable Competitive Advantage In today’s post I was to talk about how customer care, client care, can be source of a sustainable competitive advantage. And I am not only talking here about customer care or client care department that answers customers emails or speaks to customers on the phone. I am…
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Strategic Ways to Use Your Competitors’ (Internal + External) Flaws
As you have elected to be a part of the FIRMSconsulting community, today I am going to share with you another piece from a new book/program we are working on. It is focused on how to achieve a sustainable competitive advantage by uncovering flaws in your thinking and thinking of your competitors. This is from writing…
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19 Ways for Developing Strategy Insights
19 Ways for Developing Strategy Insights One of my favorite words is the Japanese word Satori, translated as “comprehension; understanding” or “a flash of insight.” Insights allow us to see what others—or most others—were not able to see or what they ignored. Insights allow us to see what we ourselves have not seen before, or have not understood the importance of…
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Jeff Bezos Question Worth Asking
Jeff Bezos Question Worth Asking Jeff Bezos mentioned he often received this question: “What’s going to change in the next 10 years?” Jeff Bezos, however, said that the more important question is this: “What’s NOT going to change in the next 10 years?” I thought about this as it relates to building a career in…
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Who is going to be the making of YOU
Who is going to be the making of YOU I came across this story about Thomas Edison today: Edison was sent home from school with a letter for his mom. He asked his mother, “What does the letter say?” She said, “It says, your son is incredibly intelligent beyond our capabilities of teaching him. Our recommendation…
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Understanding the Risk in a Business Strategy
Understanding the Risk in a Business Strategy A business strategy tries to solve a set of problems to increase returns while minimizing risk. The return side is well covered with numerous tools, analytics, and frameworks to more or less accurately estimate free cash flow, economic profit, NOPAT, enterprise value, EBITDA, net income, ROIC, and any…
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The Ultimate Guide to Working With Business Consultants
Guide to Working With Business Consultants What Is a Business Consultant? A business consultant is a professional who provides expert advice to organizations to help improve their performance. They analyze a company’s operations, identify areas for improvement, and develop strategies to achieve specific goals. Why Hire a Business Consultant? A business consultant can bring value…
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The Desire To Feel Better About Oneself
There is a very basic human need: The desire to feel better about oneself. Everybody has this need. And there are four ways in which people act on this need. #1 is focusing on achieving, success, accomplishing difficult goals, and breaking out of your orbit. #2 is charity and sacrifice. We feel better when we…