[ IDEAS &
OPPORTUNITIES ]
Trends By the season Home-based Part-time stint Success stories [ FRANCHISING ] Get a franchise Franchise your
business
[ GET STARTED ] Startup tips Ask Entrepreneur Workbook Resource center [ GROW YOUR
BUSINESS ]
Sales and marketing Operations Strategies Expansion
Username  Password  LOG IN|REGISTER NOW

Get Weekly Updates

Free tips and advice to grow your business!

Get Entrepreneur Philippines Everywhere

Get Started

Think smart, develop strategic intuition

By Jan Vincent O.Ong

Sep 19, 2012

Business slumps are sometimes caused by the inability of enterprises to keep pace with change, and many a company often plays a game of chess against time to find the right market opportunities. When an easy solution to an unfamiliar or complicated problem is not forthcoming, they throw up their hands and won’t trust their gut feel either for a breakout solution. This explains why some companies can sometimes boom one day and go bust the next, clueless as to what to do with the situation confronting them.

 

Dr. William Duggan, a business strategy guru from the Columbia University Business School, aims to change all that by showing entrepreneurs how to take out the guesswork from their decision-making. His main focus is developing a thought process that he had dubbed as “strategic intuition”, or how to readily think smart in any situation. It is, in a nutshell, a way of thinking prudently before taking action.

 

The outcome that strategic intuition seeks is understanding, and the creative spark that Prof. Duggan calls the “Aha!” or “Eureka!” moment, a true breakthrough solution or idea. He explains the thought process in his book Strategic Intuition: The Creative Spark in Human Achievement.

 

A reading of the book and an interview with Prof. Duggan tended to indicate that strategic intuition is still in its infancy. This seems to be the reason why he is very careful not to provide a step-by-step guide for HR on strategic intuition; instead, he tells various success stories and interjects into them the different concepts that he had incorporated into his idea. For instance, he offers examples of the use of strategic intuition from the French Revolution, from Eastern philosophies, and from the current IT revolution.

 

Simply put, says Duggan, strategic intuition is not expert intuition based on technical work experience but rather a result brought about by elements from one’s immediate environment. He cites the great French General Napoleon Bonaparte as an example. He argues that the then inexperienced general—he had almost zero war experience—was able to conquer the port of Toulon in France because of his extensive knowledge of war history and maps, not because of personal battlefield expertise.

1 2 3


Comments     Email to a friend     Go back to Get Started

Comments

Business Opportunities
Looking for a new business? Find opportunities here
Business Matching
The best place to look for suppliers and business partners
Investment Opportunities
Know where to place your investments
Source of Funds
Looking for ways to fund your business? Find them here
Buy and Sell
Find the right suppliers and clients for business equipment and other products
Rent, Lease or Sell Real Estate
Earn money from your properties. Post your advertisement here
Franchising Opportunities
Anything and everything about franchising
MLM and Networking Opportunities
Expand your network here
News and Announcements
Get the buzz from fellow entrepreneurs
What’s Your Problem?
Let’s solve your business woes
Starting and Running a Business
Your guide through the start-up maze
Business Tax, Accounting and Government Requirements
Swap tips and get advice on juggling your business journals