RALEIGH, N.C., March 16, 2012 /PRNewswire-iReach/ -- What makes a good strategy? The answer to that question has filled thousands of business books already. "But before we can discuss good strategies, we have to understand the characteristics of bad strategies," said Chris Stern, Chairman and CEO of the Institute for Efficient Management. He added: "There are two kinds of bad strategies: Those crafted by incompetent management, or fundamentally good strategies that had a chance to succeed, but were later screwed up by unfortunate circumstances."
In his new chapter on BizIsSimple.Com, Stern concludes that companies with incompetent or indifferent supervisory boards almost always end up with bad strategies. This often opens the door for bad people to infect a company. Once evil subjects have succeeded hijacking an organization, its failure is just a matter of time. Stern concludes: "The reason why this happens is the general believe in the good of people. Good executives tend to give people who had issues in the past a second chance. Evil people know how to abuse this to their advantage. The bitter-sweet icing on that cake is that their success typically is short-lived."
"Of course, business life is complicated, and there are situations when even a visionary leader cannot prevent a situation from becoming unfavorable. The principles discussed in this chapter may help readers to keep their eyes open and their backs covered," continues Stern, "because, if you tolerate the wrong people getting their hands on the reins, good strategies can get on a bad track very quickly".
The goal of BizIsSimple.com is to look at business administration in a new and more practical way and to help readers find tools they can immediately apply in every day business life.
The web book will be an ongoing work. In contrast to paper publications, the author can add and change content based on readers' input or updated knowledge. The third chapter is called "Bad Strategies" and is available for immediate reading at http://www.bizissimple.com.
Every chapter comes with a downloadable presentation and the author plans to add video sequences in the near future. Until further notice, access to the site is free of charge.
IFEM Management Consultants Inc, doing business as Institute For Efficient Management, is a management-consulting firm that delivers integrated business administration solutions for organizations that need to simplify the processes of strategic and business management. IFEM helps its clients design and implement strategic plans that are highly efficient and effective. IFEM's founder Chris J. Stern is best known for his statement that "business is simple until academics and consultants make it complicated". IFEM serves corporate customers throughout the United States and Europe, and specializes in improving the performance of U.S. subsidiaries of European companies and EU subsidiaries of U.S. companies. Click here to read the IFEM Website and to contact IFEM. To read the web book on bizissimple.com, click here.
Caution Regarding Forward-Looking Statements
This news release contains certain forward-looking statements by the company that involve risks and uncertainties and reflect the company's judgment as of the date of this release. These statements include the expansion of development of IFEM consulting services and the timing of the introduction of new consulting offerings. The forward-looking statements are subject to a number of risks and uncertainties including matters beyond the company's control that could lead to delays in new service introductions and customer acceptance of these news services, and other risks and uncertainties as any small business typically is exposed to. The company disclaims any intent or obligation to update these forward-looking statements beyond the date of this release. This caution is made under the safe harbor provisions of the Private Securities Litigation Reform Act of 1995.
The web book www.bizissimple.com is an educational business publication and not a factual report. Unless events, persons, or situations are described and quoted based on public knowledge, all events, persons, or descriptions are strictly fictional. Any resemblance to existing companies, people, or situations is unintended and purely coincidental. Citations for third party sources used in this publication are available in the publication, in the accompanying slide shows, or available upon request from the author. The owner of the website and blog on www.bizissimple.com makes no representations as to the accuracy or completeness of any information on this site or found by following any link on this site. The owner will not be liable for any errors or omissions in this information nor for the availability of this information. The owner will not be liable for any losses, injuries, or damages from the display or use of this information. These terms and conditions of use are subject to change at anytime and without notice.
Copyright 2012 Chris J. Stern, all rights reserved.
Media Contact: Chris Stern of IFEM Management Consultants, Inc., 919 521 8907, firstname.lastname@example.org
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SOURCE IFEM Management Consultants, Inc.