In a global economy that’s riddled with uncertainty, a few constants remain. In addition to death and taxes, business leaders can be sure to expect continued expansion into global markets, rapid advancement of how people work and do business using technology, and increasingly tough competition. So what are some potential responses to these forces by strategically minded executives?
Some businesses try to deal with uncertainty by copying what works for others. This can happen explicitly—for example, a CEO deliberately decides to offer a similar service as a competitor—or implicitly. An example of the latter might be the shared knowledge that spreads across organizations in the same industry by consultants, who may offer similar advice to different firms. Read more of this post