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Digital Disruption in Strategy Consulting

All industries have been affected by digitalization. In sector after sector, companies are coping with a changed world in which power has shifted to the customer, decision-makers have access to knowledge, and cognitive labour is becoming automated. The leaders of nearly every industry are discussing and analysing the risks and opportunities of digital disruption. Strategy […]

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Helping Finnish companies to make strategy work more impactful – August extends collaboration with Timo Vuori

Timo Vuori, Strategy Professor at Aalto University, takes an Executive Advisor role at August. Timo has worked with the leading Finnish companies and leaders and his work has gained wide international recognition. For example, his detailed study of how Nokia’s executives and board used scenario planning was published in Harvard Business Review [link 1]. Most recently, Timo wrote a book, […]

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Shifting AI discourse – from opportunity identification to practical solutions

Alun perin julkaistu Director’s Institute of Finlandin jäsenblogissa 31.1.2019   Tekoäly oli yksi DIF:n avainteemoista vuonna 2018 ja aihetta käsiteltiin ansiokkaasti ja monipuolisesti DIF:n jäsen- ja kumppaniblogissa – alla lyhyt synteesimme blogien tekoälykeskustelusta vuoden 2018 loppupuoliskolta. Ja ennusteemme suunnista, joihin uskomme tekoälykeskustelun kulkevan tästä eteenpäin. Ensimmäinen kattoteema tähänastisessa keskustelussa on ollut arviot muutoksista, jotka tekoälyn […]

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Get your facts right for pitching Finland

August Associates, in cooperation with Amcham Finland, put together the first Finland Fact Pack in 2017. Aimed at country managers and others dealing with international investments, it showcases Finland’s stable and growing economy, and its tech-savvy, reasonably priced, highly educated and skilled workforce. Now we have updated Finland Fact Pack for 2019! As the name […]

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Time to step up your pricing game!

A surprising number of companies treat pricing as merely an operational consideration and relegate pricing decisions down the ranks of their sales organizations. This is usually rationalized by the information advantage that people working at the customer interface hold over top management on key pricing considerations, such as local market conditions or customer willingness to […]

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From professional sports to strategy consulting: a team addict finds a new home

For the last 25 years of my life, floorball (in Finnish, salibandy) has been my passion, primary target of effort and commitment, and overriding source of pride and joy. Among other honors, I have been part of the Finnish national team for almost two decades and played on the team for all three of the […]

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Don’t overlook cultural fit assessment in your M&A process

“The merger has been very smooth, as the cultures of the two companies were a perfect fit. That helped us deliver synergies that far exceeded our initial expectations.” – CEO of NewCO, the merged entity of two former competitors “We are extremely happy with the acquisition we made. The asset we valued most, the high-performance […]

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Executing strategy in an everchanging world

A few weeks ago, I heard an interesting presentation by Timo Ritakallio, the new President and Executive Chairman of OP Financial Group. Mr. Ritakallio emphasized that unlike sports, business is a never-ending game, in which the rules and contestants are constantly changing. While the strategy is often formulated during a relatively short time period, its implementation […]

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Brave the structure!

Structure is the most critical tool in steering an enterprise. A purposeful structure does not alone guarantee the excellent performance of a company, but a badly designed or inadequately put-together structure can surely dilute it. From time to time the need to assess and renew structure and organization arises. This is usually onset by a […]

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Get the most out of your strategy process: Two simple pitfalls to avoid

I’ve noticed a marked improvement over the last decade in the quality of Finnish companies’ strategy work. Strategy processes have gained an institutional role in management systems, increased investment in business intelligence provides a more comprehensive fact base to strategy work and strategy processes are generally well organized. Yet I still find that strategy processes […]

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