The handbags and gladrags of strategy

STRICTLY Boardroom describes the anatomy of strategy recommendations.

The handbags and gladrags of strategy The handbags and gladrags of strategy The handbags and gladrags of strategy The handbags and gladrags of strategy The handbags and gladrags of strategy

Back in the last century, your scribe was tasked to complete a Net Present Value (NPV) calculation when submitting a requisition request to buy some electrical geophysics equipment at WMC1

The new gear was far from cheap - in the hundreds of thousands of dollars - but nevertheless the NPV-based decision-making process came as something of a culture shock.

After all, wasn't mineral exploration supposed to be the world of scientific rigour, creativity, of a ‘just do it' mentality - all fragranced with a smidgeon of pragmatism, experience, intellectual property, intuition and gut-feel? Completing a cost/benefit analysis for what seemed an essential part of the exploration process caught me by surprise.

It got worse. Unfortunately, there we...

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