--- title: Strategic Thinking | Innovation description: Innovation | Thoughts from Alembic Strategy on profit, growth, strategy and performance --- [![Alembicstrategy](https://www.alembicstrategy.com/hs-fs/hubfs/Alembic_Strategy_September2018%20Theme/Images/logo.png?width=218&height=76&name=logo.png "Alembicstrategy")](https://www.alembicstrategy.com/) # Strategic Thinking ![Alembic-Resized-Max](https://www.alembicstrategy.com/hs-fs/hubfs/Alembic-Resized-Max.jpg?width=2420&height=692&name=Alembic-Resized-Max.jpg) # Strategic Thinking - - [![The 7 Wastes](https://www.alembicstrategy.com/hs-fs/hubfs/elisa-ventur-yjHh4JpZQT8-unsplash.jpg?width=142&name=elisa-ventur-yjHh4JpZQT8-unsplash.jpg) ](https://www.alembicstrategy.com/strategic-thinking/the-7-wastes) ## [The 7 Wastes](https://www.alembicstrategy.com/strategic-thinking/the-7-wastes) The 7 wastes are inappropriate processing, transporting, defects, overproduction, waiting, unnecessary motions, and unnecessary inventory. [![Ben Grant](https://www.alembicstrategy.com/hubfs/Ben%20website%20image-3.jpeg) ](https://www.alembicstrategy.com/strategic-thinking/author/ben-grant) [Ben Grant](https://www.alembicstrategy.com/strategic-thinking/author/ben-grant) Trainee Strategy Facilitator [![Ben Grant](https://www.alembicstrategy.com/hubfs/Ben%20website%20image-3.jpeg)](https://www.alembicstrategy.com/strategic-thinking/author/ben-grant) [Ben Grant](https://www.alembicstrategy.com/strategic-thinking/author/ben-grant) [Ben Grant](https://www.alembicstrategy.com/strategic-thinking/author/ben-grant) Trainee Strategy Facilitator [![Ben Grant](https://www.alembicstrategy.com/hubfs/Ben%20website%20image-3.jpeg)](https://www.alembicstrategy.com/strategic-thinking/author/ben-grant) Dec 17, 2021 [![The Importance of Effective Internal Communication](https://www.alembicstrategy.com/hs-fs/hubfs/headway-5QgIuuBxKwM-unsplash.jpg?width=142&name=headway-5QgIuuBxKwM-unsplash.jpg) ](https://www.alembicstrategy.com/strategic-thinking/the-importance-of-effective-internal-communication) ## [The Importance of Effective Internal Communication](https://www.alembicstrategy.com/strategic-thinking/the-importance-of-effective-internal-communication) This article is part of our efficiency series where we give our top tips on how you can identify the areas of inefficiency/waste and how to begin [![Alice Davies](https://www.alembicstrategy.com/hubfs/Alice%20circular%20crop%20(1).jpg) ](https://www.alembicstrategy.com/strategic-thinking/author/alice-davies) [Alice Davies](https://www.alembicstrategy.com/strategic-thinking/author/alice-davies) Strategy Facilitator at Alembic Strategy [![Alice Davies](https://www.alembicstrategy.com/hubfs/Alice%20circular%20crop%20(1).jpg)](https://www.alembicstrategy.com/strategic-thinking/author/alice-davies) [Alice Davies](https://www.alembicstrategy.com/strategic-thinking/author/alice-davies) [Alice Davies](https://www.alembicstrategy.com/strategic-thinking/author/alice-davies) Strategy Facilitator at Alembic Strategy [![Alice Davies](https://www.alembicstrategy.com/hubfs/Alice%20circular%20crop%20(1).jpg)](https://www.alembicstrategy.com/strategic-thinking/author/alice-davies) Dec 16, 2021 [![Putting ESG on the Strategic Agenda](https://www.alembicstrategy.com/hs-fs/hubfs/campaign-creators-gMsnXqILjp4-unsplash-jpg-1.jpeg?width=142&name=campaign-creators-gMsnXqILjp4-unsplash-jpg-1.jpeg) ](https://www.alembicstrategy.com/strategic-thinking/putting-esg-on-the-strategic-agenda) ## [Putting ESG on the Strategic Agenda](https://www.alembicstrategy.com/strategic-thinking/putting-esg-on-the-strategic-agenda) Get in touch: nick.mayhew@alembicstrategy.com First thing’s first, what is ESG? ESG stands for Environmental, Social, and Governance. Environmental, [![Ben Grant](https://www.alembicstrategy.com/hubfs/Ben%20website%20image-3.jpeg) ](https://www.alembicstrategy.com/strategic-thinking/author/ben-grant) [Ben Grant](https://www.alembicstrategy.com/strategic-thinking/author/ben-grant) Trainee Strategy Facilitator [![Ben Grant](https://www.alembicstrategy.com/hubfs/Ben%20website%20image-3.jpeg)](https://www.alembicstrategy.com/strategic-thinking/author/ben-grant) [Ben Grant](https://www.alembicstrategy.com/strategic-thinking/author/ben-grant) [Ben Grant](https://www.alembicstrategy.com/strategic-thinking/author/ben-grant) Trainee Strategy Facilitator [![Ben Grant](https://www.alembicstrategy.com/hubfs/Ben%20website%20image-3.jpeg)](https://www.alembicstrategy.com/strategic-thinking/author/ben-grant) Jul 6, 2021 [![Business in an Impermanent World](https://www.alembicstrategy.com/hs-fs/hubfs/Alembic_Strategy_September2018%20Theme/Images/1_sjzemVIkycls3xbnfUuWbA.jpeg?width=142&name=1_sjzemVIkycls3xbnfUuWbA.jpeg) ](https://www.alembicstrategy.com/strategic-thinking/business-in-an-impermanent-world-50cae8886fce) ## [Business in an Impermanent World](https://www.alembicstrategy.com/strategic-thinking/business-in-an-impermanent-world-50cae8886fce) and how it enables innovation Impermanence is a natural process of constant change and mutation. Everything in this world has a start and an end [![Roseanna Ramsey](https://www.alembicstrategy.com/hubfs/People%20photos/Alembic%20People/Roseanna%20cropped%20photo-1-1.jpeg) ](https://www.alembicstrategy.com/strategic-thinking/author/roseanna-farish) [Roseanna Ramsey](https://www.alembicstrategy.com/strategic-thinking/author/roseanna-farish) Strategy Facilitator and Client Manager at Alembic Strategy [![Roseanna Ramsey](https://www.alembicstrategy.com/hubfs/People%20photos/Alembic%20People/Roseanna%20cropped%20photo-1-1.jpeg)](https://www.alembicstrategy.com/strategic-thinking/author/roseanna-farish) [Roseanna Ramsey](https://www.alembicstrategy.com/strategic-thinking/author/roseanna-farish) [Roseanna Ramsey](https://www.alembicstrategy.com/strategic-thinking/author/roseanna-farish) Strategy Facilitator and Client Manager at Alembic Strategy [![Roseanna Ramsey](https://www.alembicstrategy.com/hubfs/People%20photos/Alembic%20People/Roseanna%20cropped%20photo-1-1.jpeg)](https://www.alembicstrategy.com/strategic-thinking/author/roseanna-farish) Dec 22, 2017 [All posts](https://www.alembicstrategy.com/strategic-thinking/all) ### ELSEWHERE - [mailto:info@alembicstrategy.com](mailto:info@alembicstrategy.com) - - ### Links [Why Alembic?](https://www.alembicstrategy.com/why-alembic) [Resources](https://www.alembicstrategy.com/resources) [People](https://www.alembicstrategy.com/our-people) [Contact Us](https://www.alembicstrategy.com/contact-us) ### Connect ### Our Partners [![FBU Logo](https://www.alembicstrategy.com/hs-fs/hubfs/FBU%20Logo-RED-01.png?width=596&name=FBU%20Logo-RED-01.png "FBU Logo")](https://www.familybusinessunited.com/) [![Mindshop Logo](https://www.alembicstrategy.com/hs-fs/hubfs/Screenshot%202023-07-03%20at%2017.03.08-1.png?width=3196&name=Screenshot%202023-07-03%20at%2017.03.08-1.png "Mindshop Logo")](https://web.mindshop.com/) ### Site credentials Copyright © Alembic Strategy Ltd. 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