Remove Metrics Remove Sales Remove Strategy Remove Travel
article thumbnail

Tesla Shows How Traditional Business Metrics Are Outdated

Harvard Business

Tesla just delivered its first Model 3, the affordable model that he envisioned in his “secret” strategy some 11 years ago. At the core of the confusion over a company like Tesla is that traditional business metrics are outdated and can create overconfidence or underestimation. Laura Schneider for HBR.

Metrics 28
article thumbnail

What is consulting?

Tom Spencer

When people think of consultants, they tend to visualize professionally suited employees, degrees from the best schools, high pay-checks and fancy travel stories. For this reason, strategy consultants generally carry out work assigned by top managers, like CxOs, directors and senior managers. Finance, HR, Supply Chain, ICT, Legal).

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

To Change Your Strategy, First Change How You Think

Harvard Business

Therefore his mental model was not how to gain market share from other airlines, but how to create a completely new market for air travel. Like Southwest, JetBlue focuses on people over planes, with a mission to “bring humanity back to air travel.” But that was the outcome, not the strategy.

article thumbnail

Your Mobile Strategy Can’t Just Be About Phones

Harvard Business

To get there, companies should take the time to level-set their efforts with three strategic exercises: Reexamine your goals and strategy. With more and more options for mobile interactions, businesses all too often get their digital strategy wrong — or don’t reassess it often enough. Insight Center. Think about Airbnb.

article thumbnail

Is Your Business Ready to be Sold?

Martinka Consulting

For reference, my first three questions to owners are: Have you worked with a financial advisor to see how much money you need from the sale to support your next great adventure in life (and do you know what your business is worth – not just what you want for it)? What will you be doing after the sale? Pretty straightforward, right?

article thumbnail

6 Steps to Make Your Strategic Plan Really Strategic

Harvard Business

Why is it that when a group of managers gets together for a strategic planning session they often emerge with a document that’s devoid of “strategy”, and often not even a plan ? ” The latter is a list of actions interspersed with a sprinkling of desired results, all utterly useless in terms of strategy.

article thumbnail

Thinking lifetime (don't break the chain)

Seth Godin Blog

The traveling salesman, the carnival barker and the old-time businessman can hit and run. Make the sale, cut your costs, move on. Assuming that your competitors are just as selfish and metric-driven as you are isn''t a great strategy, because you''re still losing when you break the chain. Subscription.