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Your Company's Strategy-in Pictures, by W. Chan Kim and Renee Mauborgne

Preparing a company strategy can bury you in data. How do you deal with both qualitative and quantitative data? Make it easier by drawing a strategy picture, a strategy canvas, advises this excerpt from Harvard Business Review. Here's how Southwest Airlines found "The Big Picture."

High-Stakes Decision Making: The Lessons of Mount Everest

On May 10, 1996, five mountaineers from two teams perished while climbing Mount Everest. Is there anything business leaders can learn from the tragedy? HBS professor Michael A. Roberto used the tools of management to find out. The paper suggests that leaders must pay close attention to how they balance competing pressures in their organizations, and how their words and actions shape the perceptions and beliefs of organization members. In addition, the case provides insight regarding how firms approach learning from past failures.

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