5 Fav Business and Strategy Post – August 14th

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photo by Jim Jenson
photo by  Jim Jen­son

 

As always my area of focus is the busi­ness man­age­ment and strat­egy arena while the sub­ject mat­ters will be insights, analy­sis of cur­rent events, or inter­views of interest.

While I’m not going into depth about the finds, I do encour­age you check them out if they sound inter­est­ing. The photo in the post is my favorite for the week from Flickr.

This week’s findings:
  1. Strat­egy is What You Do – One must always remem­ber that your strat­egy is not what you say, your strat­egy is what you do. I much rather exe­cute on a half-baked strat­egy – because you can mea­sure and adjust – than craft the best strate­gic plan but no one puts it into action. Think that this doesn’t hap­pen? Just think about all the busi­ness plans, New Year’s res­o­lu­tions, and promises that are sit­ting on shelves col­lect­ing dust. Thanks Tim Kastelle from keep­ing us straight by shin­ing the light of truth on this fact of life.
  2. Why Enter­tain­ment Will Drive the Next Checkin Craze — We are all some­what famil­iar with loca­tion check-in ser­vice Foursquare. I’ve never used it, guess I just want to keep oth­ers on their toes about the where­abouts, but I know my fair share a local estab­lish­ment kings. This arti­cle by Jen­nifer Van Grove on Mash­able has me think­ing that I might enter then check-in cohort in the near future. It’s not that I’ve changed my mind about broad­cast­ing my phys­i­cal loca­tion, but I’m always inter­ested in con­nect­ing with other who share cul­tural – media & enter­tain­ment — my passions.
  3. Case Study — At FreshDi­rect, Rein­ven­tion After a Cri­sis - Do you know what to do when your work­force churn rate is over 100%, you’re hem­or­rhag­ing money and alien­at­ing cus­tomers because your basic busi­ness model was not work­ing? Rick Brad­dock of FreshDi­rect, the NYC Area online gro­cer, thinks he has the plan.
  4. 5 Rea­sons Why Tra­di­tional Media is Mak­ing a Come­back – in the end of the day it’s always about the con­tent. Big con­cerns have the bench strength and insights to churn out rel­e­vant, highly enter­tain­ing (or edu­ca­tional, think Sesame Work­shop), and well-produced con­tent. Be it film, games, of pub­li­ca­tions they do have some dis­tinc­tive advan­tages. I think that Greg Satell’s take is right on point. No one is tak­ing any­thing away from the aggres­sive lean orga­ni­za­tions or home grown con­trib­u­tors; with this blog I’m clearly in this cat­e­gory. We clearly cher­ish the increased global media per­spec­tives and variety.
  5. Media Com­pa­nies Must Divide To Con­quer — Great incre­men­tal per­spec­tive from Steve Rubel’s espe­cially after read­ing the above. Steve’s take is that the media busi­ness is still reel­ing in pain. The three key cur­rents con­tribut­ing to the pain are 1) the sheer bal­loon­ing of infor­ma­tion, 2) time and atten­tion remain finite quan­ti­ties there is a only so much one can do in 24 hours, and 3) the expo­nen­tial rise in access­ing con­tent by mobile will lead to per­va­sive media snacking.

 

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