Strategy Is a Probability Statement

Strategy Is a Probability Statement

Game theory tells you what position you must hold. Statistics tells you the odds your plan actually gets you there. Almost no company computes either. Ask a Fortune 500 strategy team what their plan is, and you will receive a narrative: a market thesis, a three-year...
The Missing Ingredient

The Missing Ingredient

According to this article by Jinjoo Lee, supermarkets are losing market share and customers to big-box retailers like Costco Wholesale who has a highly efficient operating model and leans on membership fees and sales volume to generate revenue and profits. Walmart,...