Why Fit Beats Best Practice

In business we are fond of best practices. We study successful companies, distill key lessons from how they have done it and try to adopt those as best practices in our organizations. This is how best-selling books like “In Search Of Excellence” (Peters & Waterman), “Good To Great” (Collins) and “Blue Ocean Strategy” (Kim & Mauborgne)…

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Why Is Primark So Successful? The Power Of Alignment

Last week, on January 17 2019, Primark announced its Q1 results to January 5. As these results show, the company is doing well. Their sales grew 4 percent compared to last year and both their market share and operating profit margins increased. These are not isolated quarterly results. Of course, like other retailers, last year’s unseasonal weather and exchange…

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