New strategy services!

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… Yeah so we thought we had gone on vacation, but running a company is not really work… and so there is not really a break… but there are breaking news!

We have just signed on several projects for second half 2017 and we are pretty much sold out – so maybe we can go on a well deserved and no-stress summer break!

That being said we are looking to boost the team and we will be launching two new smaller products that has often been requested by both C20 and midsized firms:

STRATEGY REVIEW: Being the new kid on the block with a super exciting concept in a conservative industry is not always easy and several companies have asked us to start out by reviewing their current strategy either in terms of biased decisions or lack of execution. This way you get a very different view with limited effort.

CRITICAL DECISION PROCESS: The core of what we do differently is that we take out biases from decisions through a host of tools and approaches. However many companies do not just gather once a year to set a strategy but take multiple critical decisions throughout a year and need a debiased process to do so. This way you can comfortably take strategic decisions without fear of biases.

We will be refining these two services over the next month or so (there goes the break), but do let us know, if you want to experience, how strategy based on behavioural economics can move your business.

If you want to learn more, then contact us here or read more on strategy and change at Behavioural Strategy Group.

 

Gone fishing…

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We are proud to reveal a 60% growth in income over last year for Behavioural Strategy Group extrapolating the first half of 2017 – and it is not completely unfair to do so, as we are getting close to fully booked for the second half!

We would just like to thank everyone who has helped make this happen – our associated partners and fine clients most of all – it has been a great journey so far and we look forward to taking the next steps with you!

We have worked almost exclusively on consumer products and retail during 2017 with corporate growth strategy, due diligence advisory, marketing organization, brand strategy, omnichannel strategy and even an interim CMO role – so exciting to be a part of creating something amazing!

In the next month it is time for some R&R and a program at Insead on big data and digital disruption – Enjoy the summer everyone!

If you want to learn more, then contact us here or read more on strategy and change at Behavioural Strategy Group.

Innovative project approach recognized

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Behavioural Strategy Group was just featured in the Comatch newsletter to more than 1,000 strategically minded businesses with an article on our next practice strategy as an innovative project approach!

Of course you should not be cheated of the article so here is the link – enjoy reading:

Next practice strategy

If you want to learn more, then contact us here or read more on strategy and change at Behavioural Strategy Group.

And the winner is…

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The competition for one of the last available copies of Beslutningsstrategi is over and the winner has been found…

Børsen awarded this book 5th place globally and it received wide praise from readers, structuring our +200 biases into a coherent whole and treating each bias type with the relevant strategic management tools.

We are happy to announce that the winner is Steffen Pihlmann and we wish him all the best in applying the tools and insights in his job as Business & Strategy Manager at Nordea Global Private Banking!

The prize will be handed over by coauthor and Behavioural Strategy Group partner, Brian Kaasner Kristiansen just in time for a great summer vacation reading. The book is expected to sell out before summer according to our publisher but it still available right now at: Beslutningsstrategi

Thank you all for participating in our first ever online competition – we hope you enjoyed it just half as much as we did!

If you want to learn more, then contact us here or read more on strategy and change at Behavioural Strategy Group.

 

How did THAT happen?!?

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Finally. After 12 months of waiting. And we did not even know we were waiting on something. But someone finally told me.

“You know, when you write your articles every week, there is actually a small advertisement below on your website”. “Really? Are they like cutting edge consultancies, business schools and crowd-sourced innovation ideas like ours?” I said. “Ehm, well, they are more like, you know, dog food and weight loss click bait”…

OK then! So one thing is that our website provider forgot to mention this to us and then proceeded to sell completely irrelevant advertisement space to some unsuspecting customers. That happens. I have seen worse.

But how does thousands of visitors – many of them likely among our direct network – even friends – go to our website time and again for over a year without mentioning anything? Well, the same way that people in an organization see a problem but leave it, because someone else has probably already planned to do something – also known as the bystander effect.

This is just one of +200 biases that gets in the way of making and executing your more than 35,000 decisions every day and has cost companies billions in poor investment decisions and weak strategy execution. The time for behavioural strategy is now!

If you want to learn more, then contact us here or read more on strategy and change at Behavioural Strategy Group.

Vind årets ledelsesbog

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Børsen valgte vores bog som årets 5. bedste globalt, og den blev flot modtaget af læserne. Den strukturerer vores +200 biases ind i et samlet koncept og behandler hver bias type med de relevante strategiværktøjer. Bogen er næsten udsolgt, så dette er måske din sidste chance for at få et eksemplar!

Alt hvad du skal gøre er at indsætte din email i en kommentar på linkedin for at deltage i konkurrencen om en af årets globale ledelsesbøger, Beslutningsstrategi.

Vinderen annonceres 20. maj og præmien overrækkes af medforfatter og partner i Behavioural Strategy Group, Brian Kaasner Kristiansen.

Hvis du vil høre mere eller have en inspirationssession til ledelsen, så kontakt os her eller læs mere om strategi og forandring på Behavioural Strategy Group.

Win management book of the year!

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Børsen awarded this book 5th place globally and it received wide praise from readers, structuring our +200 biases into a coherent whole and treating each bias type with the relevant strategic management tools. The book is almost sold out and this may be your last chance to get a copy of the original!

All you need to do is enter your email in a comment on linkedin to enter the competition for one of the global management books of 2016, Beslutningsstrategi.

The winner will be announced 20th May and the prize will be handed over by coauthor and Behavioural Strategy Group partner, Brian Kaasner Kristiansen.

If you want to hear more or get a management inspiration session, then contact us here or read more on strategy and change at Behavioural Strategy Group.

Going once, twice, sold… out!

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… is our book, Beslutningsstrategi, in the original version, that was awarded 5th place among global management books of 2016!

Readers also loved it as this quote from Jakob Wedel, a partner at Monitor Deloitte illustrates: “I have read many management books. But this one surprises. Beslutningsstrategi puts behavioural economics at the center of strategic decision processes. Brilliantly written – should find it’s way to board and management rooms fast”

The book is the first time ever, that anyone has structured our more than 200 biases into a coherent whole and treated each bias type with the relevant current strategic management tools such as “Playing To Win”, “Scenario Planning” and many more.

Sometime this spring the book is expected to sell out, but you can still buy the original version from our publisher here, if you are quick: https://www.djoef-forlag.dk/da/boeger/b/beslutningsstrategi#

If you are interested in hearing more or want to have an inspiration session for your management team, then contact us here or read some of the other articles on strategy and change at http://www.behaviouralstrategygroup.com.

Stratecution nugget: incentives work…

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… but not in the way that you expect!

Firstly, as Daniel Kahneman points out in his landmark book, Thinking Fast & Slow, quoted above, money drives individualism over team work.

Secondly, as Dan Ariely, another key behavioural economics player, has described again and again, money tends to take us away from focusing on the overall purpose of an organization and towards maximizing our own benefits – and they do not always align.

Thirdly, as shown by Daniel Pink, money as an incentive even in basic jobs tend to reduce performance.

So incentives work, but probably not in the way that you want – instead think of rewarding on a team level with a more profit sharing approach.

Did you like this blog article? Then contact us here, follow us or read some of the other articles on strategy and change at http://www.behaviouralstrategygroup.com.

 

Now is your window!

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Behavioural Strategy Group has been fully booked on growth and marketing strategy projects in consumer products/retail since November, but we are finally able to take in new projects from May – do get in touch, if you want to explore ideas!

Our focus has been on building an ambitious yet practical approach to omnichannel strategy, brand strategy, ecommerce strategy, B2C CRM (not to be confused with B2B CRM) and marketing organization – exciting stuff and subtle using the power of behavioural economics.

To continue to build our capabilities within strategic marketing, we will be participating in the highly sought after advanced big data and digital business transformation program this summer at Insead – the worlds highest ranked business school located in beautiful Fontainebleau.

Finally, it is time we pick up our weekly blog again – consider this the start!