What Is the Economic Engine in Business Strategy? Explained with Real Examples

Economic data charts and reports illustrating how an economic engine drives business growth

Every thriving business has one force that keeps it alive and growing, its economic engine. It’s the mechanism that generates consistent, sustainable profit by aligning what a company does best with what the market truly values. In strategic management, understanding your economic engine is like understanding how blood flows through the body of your business. … Read more

SCP Model (Structure–Conduct–Performance) – Strategic Insights and Business Implications

Two professionals review charts and graphs while analyzing the SCP model

The Structure–Conduct–Performance (SCP) model is one of the foundational frameworks in industrial organization and competitive strategy. It helps explain how market structure shapes firm behavior, and how that behavior, in turn, determines overall performance across industries. In practical terms, the SCP model answers a question every executive and policymaker asks: “Why do some markets deliver … Read more

Product Matrix Strategy – Benefits, Real-World Examples, How to Apply It

Three professionals review charts and documents in a meeting room while planning a Product Matrix Strategy

If you’ve ever looked at a product catalog and wondered how these things are organized, why some brands have multiple versions, tiers, add-ons, bundles, or variant lines, you’re looking at decisions rooted in a product matrix strategy. This tool helps businesses systematically decide which products or variants to offer, how they relate, and why customers … Read more

COO vs CEO – What’s the Real Difference?

Business leader at a desk reviewing documents, symbolizing COO vs CEO differences in company leadership roles

When people talk about the top of a company’s leadership ladder, the terms CEO and COO often come up together. But while they may sound similar, they actually represent very different responsibilities. The CEO (Chief Executive Officer) is the highest-ranking leader, responsible for setting the company’s vision, strategy, and overall direction. The COO (Chief Operating … Read more

How to Run a Skip-Level Meeting – Purpose, Tips & 5 Must-Ask Questions

Two colleagues discuss work across a desk with a laptop during a skip-level meeting

A skip-level meeting is exactly what it sounds like: a meeting where a manager speaks directly with employees who normally report to their direct reports, effectively “skipping” one level in the hierarchy. The purpose is simple but powerful – it gives leaders a way to hear unfiltered feedback, understand the reality of day-to-day operations, and … Read more

Gallup Q12 – What It Is and How to Use It to Boost Employee Engagement

Gallup Q12 survey graphic showing key questions that measure employee engagement

Employee engagement is one of those terms that leaders hear constantly, but many underestimate its true business impact. Engagement isn’t about whether employees seem happy or smile during meetings;  it’s about how emotionally connected they are to their work and their organization. And that emotional connection has measurable consequences. According to Gallup’s 2024 State of … Read more

What Is a Level 10 Meeting? EOS Explained for Business Leaders

Business leaders collaborate around documents and charts during a level 10 meeting focused on EOS strategy

A Level 10 Meeting is a structured weekly meeting designed within the Entrepreneurial Operating System (EOS) framework to keep leadership teams aligned, accountable, and focused on results. Unlike traditional meetings that often drift into unproductive conversations, the Level 10 format provides a 90-minute agenda that prioritizes solving issues, reviewing progress, and ensuring every leader leaves … Read more