The widely accepted view that strategy and execution are separable activities sets companies up for failure in a fast-paced world. One of us (Paul) is a strategy scholar and economist; the other (Amy) studies organizational behavior and operations management. We came together to consider why strategy so often breaks down in the execution stage. While [...]
As your company grows and matures, you’ll need to engage an accounting firm to provide some level of assurance on your financial statements. The level of assurance that should be performed depends not only on what you need, but also on what the other people who rely on your financial statements need. First ask yourself [...]
Business owners are facing all types of challenges today – including the pending tax changes that Finance Minister Bill Morneau has announced, and is in the process of finalizing. Given the proposed changes, and the fact that Dec. 31 is approaching, here is a list of tips to consider before the year's end that could [...]
In business circles, the idea of being first to market is referred to as first-mover advantage. The thinking is that if you can get a new concept out before anyone else, you’ll be able to build a brand and a following while everyone else is asleep at the wheel. By the time competitors enter the [...]
When it comes to virtual teams, if you’re out of sight, you’re also out of mind. While more and more people are working remotely, our recent study suggests that unless we take extra measures to build trust and connection with colleagues, we pay dearly for doing so. Long gone are the days when most teams [...]
