We used to think about business strategy in terms of chess. But chess strategy assumes fixed rules and a fixed playing board. This has changed because “transaction costs” have dramatically fallen. So instead of chess, we talk about build “ecologies”. Digital Tonto offers a nice overview of this line of thought in the corporate context.
Partnering is a trend in the business world. Why? Because big firms often have cash but lack innovative culture. So they try to buy this. In the old days, they thought they were buying property. Now they are starting to realize that they are buying a new set of relationships. John Hammergren discusses how this works for HBR
Bernie Schwartz knows lots about being successful in life. He has found success for himslef, and he has helped a lot of others find success as well. He was asked what he looks for in new hires: optimism. And he was asked what students coming out of university should learn: how to communicate. Here is the link to the NYT piece.