billion-dollar lessons

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Recent overview of "Billion Dollar Lessons" plus a description of our process for Independent Devil's Advocate Reviews.

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  • 1. Billion-Dollar Lessons Learning From Others Failures So They Wont Happen To You Chunka Mui [email protected] BillionDollarLessons.com
  • 2. 2008 Chunka Mui | http://www.chunkamui.com
  • 3. 2008 Chunka Mui | http://www.chunkamui.com
  • 4. Outline 1. Three Insights 2. One Recommendation 3. Personal Implications 2008 Chunka Mui | BillionDollarLessons.com
  • 5. Insight 1 Strategy Matters 2008 Chunka Mui | BillionDollarLessons.com
  • 6. Flawed Strategies 46% 54% Inept Execution or Exogenous Factors 2008 Chunka Mui | BillionDollarLessons.com
  • 7. Insight 2 Seven Failure Patterns, with Predictable Warning Signs 2008 Chunka Mui | BillionDollarLessons.com
  • 8. Seven Failure Patterns 1. Illusions of Synergy 2. Faulty Financial Engineering 3. Deated Rollups 4. Staying the (Misguided) Course 5. Misjudged Adjacencies 6. Fumbling Technology 7. Consolidation Blues 2008 Chunka Mui | BillionDollarLessons.com
  • 9. Insight 3 Why do bad strategies happen to smart people and good companies? 2008 Chunka Mui | BillionDollarLessons.com
  • 10. The New Yorker Collection 1979 Henry Martin from cartoonbank.com. All Rights Reserved.
  • 11. Outline 1. Three Insights 2. One Recommendation 3. Personal Implications 2008 Chunka Mui | BillionDollarLessons.com
  • 12. One Recommendation Agree to Disagree 2008 Chunka Mui | BillionDollarLessons.com
  • 13. Decisions of the kind the executive has to make ... are made well only if based on conicting views, the dialogue between different points of view, the choice between different judgments. Peter Drucker 2008 Chunka Mui | BillionDollarLessons.com
  • 14. Three Models Alfred P. Sloan Ancient Persians Catholic Church 2008 Chunka Mui | BillionDollarLessons.com
  • 15. Independent Devils Advocate Review Strategy Development 3. Last Chance Review of Full Strategy 2. Examine Key Design Questions 1. Surface and Test Strategic Assumptions 2008 Chunka Mui | BillionDollarLessons.com
  • 16. Devils Advocate Principles Transparent throughout the organization, even to the Board of Directors Led by a trusted, independent outsider Offers fresh perspectives Focuses on facts, not emotion or intuition Delivers questions, not answers 2008 Chunka Mui | BillionDollarLessons.com
  • 17. Outline 1. Three Insights 2. One Recommendation 3. Personal Implications 2008 Chunka Mui | BillionDollarLessons.com
  • 18. What does this mean for you? Investors Board of Directors CEO Functional Executives Business Unit Leaders Line Management Front Lines 2008 Chunka Mui | BillionDollarLessons.com
  • 19. Biography Chunka Muis perspectives have been shaped by more than 25 years of research, consulting, management and entrepreneurship. He is the co- author, with Paul Carroll, of Billion-Dollar Lessons: What You Can Learn from the Most Inexcusable Business Failures of the Last 25 Years. A companion article, Seven Ways to Fail Big, appears in the September 2008 issue of the Harvard Business Review. Chunka is also the co-author of the best-selling Unleashing the Killer App: Digital Strategies for Market Dominance (Harvard Business School Press, 1998). The Wall Street Journal recently named the book one of the ve best books on business and the Internet. Chunka is an independent business advisor. He is also a fellow with Diamond Management & Technology Consultants, a global consulting rm headquartered in Chicago. He holds a B.S. in electrical engineering and computer science from MIT. More information can be found at billiondollarlessons.com. 2008 Chunka Mui | BillionDollarLessons.com

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