Here's a take on leadership and strategy that you won't read in any textbook: Leadership is the business of . Startling? Yes, but think about it. It's quite true. A business leader's job is to keep the organization viable. Now ponder this one: Strategy is the deliberate reduction of alternatives. In other words, it's choosing one path and in so doing not choosing all the others. So what's strategic planning? It's the long-term deliberate reduction of alternatives in order to avoid liquidation. Granted, strategic planning is a clunky term. Mention it to Millennials and they give you a look of "that's so old-school." Perhaps it has an antique ring to it. But make no mistake, the practice hasn't fallen out of favor. It's the most universally used management tool in the ...
A liquidation sale to dispose of the inventory of the Sixth Avenue Electronics stores in Paramus and other New Jersey locations could begin as early as Friday, following the designation Wednesday of Closter-based Alco Capital Group as the assigned agent to dissolve the company. The bankrupt consumer electronics retailer was ordered by U.S. District Court Judge William Martini in Newark this month to relinquish its inventory to GE Capital Solutions after defaulting on a loan for the second time in six months.
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