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External strategy advice can be costly — and wrong.
Managers should be skeptical consumers of external strategy advice.
"The situation needs that — the external strategy is becoming more complicated," he said.
It's ironic that companies often spend significant resources on external strategy advice while ignoring one the most fruitful sources of strategic insights: their own employees.
The examples below seem to suggest that a company must stay true to its DNA, but has a lot of room to express that DNA in new ways whether in external strategy or internal management.
However, the analysis offered here shows that, despite various considerations affecting the corporation's ambitious external strategy, its interests are economic, and it is economic logic that prompts the company to focus on projects abroad.
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External strategies include networking strategies with external stakeholders designed to access local information and develop relationships of trust that facilitate doing business in new environments.
This means that external strategies are risky and may require a very large number of attempts before average returns are obtained.
The results of our study suggest, that in case of matured company, the external strategies, that point out to the information exchange and strategic networked alliance with customers and suppliers, are preferred to the internal ones.
Sorai surely had little faith in the efficacy of internal means of self control; instead, he consistently advocated external strategies such as rites and music, penal laws, and administrative government as the means for providing, along utilitarian lines, for the welfare of all.
We reasoned that comparing the gene expression pattern of ADH1 cells grown in glucose vs. glycerol would allow us to distinguish between internal vs. external strategies of gene expression regulation.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com