May the 5 forces be with you

STRATEGIC PLANNING – COMPETITOR ANALYSIS – PORTER 5 FORCES MODEL One very effective way for evaluating the competitive situation of an industry is to use the 5 (or 7) forces screening of Michael Porter. He published his book 25 years ago and it became a...

Games people play

DETECTING BEHAVIOR – TRANSACTIONAL ANALYSES Transactional analyses is the third area described in this blog to understand people’s behaviour and prevent taking wrong conclusions. Transactional analyses originate on the studies of Eric Berne. He described...

Strategic planning – 3

CREATING A STRATEGY – INFORMATION COLLECTION Its a tedious process but the information is required for the next steps – can’t be avoided. Not having certain pieces of information results in guessing or including expectations based on guts feeling –...