January 1, 2024. New year revisited.
I cannot believe another year has gone by. The older I get, the faster time seems to go. As I considered how to articulate the emerging landscape that will be 2024, two headline items screamed at me. Strategy, and governance. Without a solid, deeply...
2023 top 10 StrategyAudit posts.
This is an indulgence, but who cares, it is that time of the year. I do not spend too much time worrying about numbers, this blog is my personal ‘journal’ of the stuff I am thinking about. If others get some benefit from that great, if not, nobody cares....
How to make incentive programs compulsive
At this time of the year, there is much thinking going on in relation to the manner in which incentives will be applied in the coming year, for which you are preparing the budget. There are many and varied schemes, most of which are geared in one way or...
Is it only a year since Chattie kicked off the AI party??
A year ago I stumbled across ChatGPT for the first time, had a poke around, and wrote this post. Over the following few months, I tried to keep up with what was happening, but at addendum 20, called it a day. Generative AI became the fastest growing...
The second best word to close a sale.
The best word in sales is 'Free', it will close more often than any other, by a long stretch. However, being free also implies there is no value to the buyer, and in any event, it is not really a sale, as there is no money involved. At best a 'freebie'...
The disruptive impact of information ½ life.
Following on from a previous post about the value of information, it seems relevant to ask how long any value created lasts. We are all familiar with the notion of the '1/2 life'. The time it takes for radioactivity of an element to decay by 1/2. Uranium...
How should accountants treat investments in the future?
We make many types of investments in the future, brand building, capability development, process optimisation, building the foundations to scale, and significantly, R&D. Each is aimed at generating future cash flow. The management and strategic...
8 things the leader of an SME can learn from a dead genius.
One of Charlie Mungers better known quips was: ‘All I want is to know where I am going to die, so I’ll never go there’. He avoided that place assiduously, but last week, after 99 years, Charlie went there. Perhaps by mistake, perhaps because even he recognised...
Why do politicians undervalue their leverage?
Of the many objections to the inequity and shortcomings of the tax system I harbour, the most egregious is the seduction by the fossil fuel industry of governments of all persuasions over the last 30 years. I have two profound objections. The first: They have...
Retailers cost of living party trick.
Every time I go through a supermarket checkout, I find myself surprised at the total of the bill. Should be used to it by now, but no, I'm not! The two supermarket gorillas, Coles and Woolworths have both released their annual results in the last month,...