A resource for industry professionals and consultants, this book on corporate strategy lays down the theories and models for revitalizing companies in the face of global recession.
It discusses cutting-edge concepts, constructs, paradigms, theories, models, and cases of corporate strategic leadership for bringing about transformation and innovation in companies. The book demonstrates that great companies are those that make the leap from ‘good’ results to ‘great’ results and sustain these for at least 15 years; it explores, reviews and analyzes great transformation strategies in this context.
Each chapter in the book is appended with transformation exercises that further explicate the concepts.
Chapter 5: The CEO as a Critical Thinker of Simple Strategic Problems
The CEO as a Critical Thinker of Simple Strategic Problems
Real life in the offline and online world challenges us with many business and e-business problems. Each problem may be a threat but it is also an opportunity. Each problem is both a turnaround and transformation challenge to the business executive. In this context, identifying, defining, formulating, specifying, and resolving business problems, in general, and turnaround transformation problems, in particular, becomes urgent. This chapter proposes a “systems approach” to a simple problem definition, identification, formulation, specification, alternatives solution generation, evaluation, and the final resolution of the problem.
No problem can be resolved until you recognize it and failure to identify a problem correctly, may lead to disastrous ...