|
Choosing Between
the Strategy-driven and the Opportunity-driven Business
Development6 |
|
Use Strategy Approach |
Use
Opportunity Approach |
|
Known environment |
Unknown environment |
|
Stable environment |
Unstable environment |
|
Building on existing
competencies, capabilities, products, markets |
Building on new
competences,
capabilities,
products, markets |
|
Need consolidation |
Need
rapid
growth |
|
Need stability and
certainty |
Need
change, accept uncertainty |
|
Lack capacity for
flexibility, corporate venturing, and speed |
Established capacity
for flexibility, corporate venturing,
and
speed |
|
|
|
|
|
Competitive Strategies |
|
Survival Strategies |
Market Leadership
Strategies |
|
Incremental Innovation |
Radical innovation
&
Venture strategies |
|
... ►
More |
|
5
Strategic Questions
You Should
Ask to Understand Where Your Business Is Going
By:
Jack Welch |
|
|
|
Creating Competitive Disruption
7
Strategies |
|
|
|
How To Be
A Great Strategic Thinker
Top 10 Essential Requirements |
-
Essential Element #1: You must have a
vision. And you must be great at
thinking with a strategic purpose and creating a visioning process.
Great strategic thinkers are visionaries.
|
|
SWOT Analysis
Questions To Answer
|
-
What is your
strongest business asset?
-
What
unique resources do you have?
-
What do you offer that makes you
stand out from the rest?.
|
|
|
Enterprise Strategy
Successful companies are those
that focus their efforts strategically.
Strategy
should be a stretch
exercise, not a fit exercise. To meet and exceed
customer satisfaction,
your business team needs to follow an overall organizational strategy. A
successful strategy adds value for the targeted customers
over the long run by consistently meeting their needs better
than the competition does...
More
Experimental
Strategic Learning
The overall purpose of the experimental
strategic learning and
management process is to establish which strategic options or elements
thereof are robust across the scenarios and use the most healthy elements to
develop your strategic intent
– your core strategic focus or theme.
New
Systemic Approach
Old
strategic
management schools, often fighting between themselves,
favor different single-sided approaches to strategy formulation. The
currently dominant view of
business strategy
–
resource-based theory
– is based on the
view of the company as a collection of
→
capabilities. This view of strategy
has a coherence and integrative role that places it well ahead of other
mechanisms of
strategic decision making...
More |
|
Strategic Cross-Functional Management
Strategic cross-functional management is central to capitalizing on
functional excellence, and in order for functional specialists to make the
greatest possible contribution, they must take
a broader view of their functions and understand how they fit into the web of the organizational
processes and, ultimately, into the overall
strategy...
More
6 Attributes of
Successful CEOs
-
Creating, Communicating and Executing a Clear Vision,
Goals and
Strategy.
An executive's
success is affected by the ability to
communicate a vision for a
company's future, helping employees to navigate through change
and
motivating them to achieve specific goals.
Build Your
Sustainable
Competitive Advantage
Sustainable competitive advantage is the prolonged benefit of
implementing some unique value-creating strategy based on unique
combination of internal organizational
resources
and
capabilities
that cannot be replicated by competitors...
More
Business Architect
Today's companies need
business architects
who can take a
systems view of a business and build
synergies.
Business
architect is a person who
initiates new business ventures
or leads
business innovation, designs a
winning
business model, and builds a
sustainable
balanced business system for a
lasting success...
More
Managing for Results
To achieve results, you
should develop a solid, sound, customer-focused, and
entrepreneurial
strategy, aimed at
market leadership, based on
innovation, and tightly focused on decisive opportunities...
More
Blue Ocean Strategy:
6 Principles
Blue Ocean Strategy is about
revolutionary
value innovation.
The six principles drive the successful
formulation and
execution of Blue Ocean Strategy.
These principles attenuate the six risks...
More
Inspirational Business Plan:
Successful Innovation
Operational Plan: "We don’t
have a traditional strategy process,
planning process like you’d find in
traditional technical companies. It allows
Google to
innovate very, very
quickly, which I think is a real strength of the company."
–
Eric Schmidt
Lessons from Silicon Valley Firms
Deciding If Your Innovation Portfolio Has Enough
Stretch
Adapted from
Relentless Growth, Christopher Meyer
-
Balance between revolutionary and
evolutionary initiatives. First, Silicon Valley companies assess the
overall
balance between
revolutionary and evolutionary projects. The ultimate arbitrator of
portfolio stretch if the innovation leaders’ judgment, experience,
intuition, and luck.
Creating a Culture for Innovation
By: Soren Kaplan
Shaping
culture, especially when it comes to creating
a culture of
innovation, is a daily task that involves elevating the mundane to the
strategic.
By managing the strategic levers of
culture, and by practicing the strategies of envisioning, communicating
and sponsoring, it becomes possible to create a culture of innovation
and drive long-term strategic advantage...
More
4 Entrepreneurial Strategies
By:
Peter Drucker
Three Primary Criteria to Assess Your Innovation
Portfolio
Besides assessing each initiative
individually for risk, investment, return, and timing, assess your
total portfolio to ensure that you have the right initiatives in it:
-
Stretch
and strategic fit.
How much does your portfolio push the industry frontiers, and
how well does it fit with your business goals and
strategy?
Working
On Your Business...
Strategy
Management...
Strategic Management vs. Classic Managerial Functions...
Strategic Programming...
Launching a Crusade...
Strategy Innovation...
New Systemic Approach
to
Strategic Management...
Analysis of the Business Environment...
Business Portfolio Analysis...
Milestone-based Thinking...
Strategic Innovation:
Road-Mapping...
Strategic Project Management...
Strategic Learning...
FutureStep -
a New Strategic
Management Process...
Dynamic Strategy as a Source of
Sustainable Competitive Advantage...
Creating Change...
Creative Leadership...
Leadership Development as a Strategic Task....
Case in Point
Unilever...
Case in Point
Silicon Valley Firms...
Case in Point
Canon...
Case in Point
Microsoft...
Case in Point
Charles Schwab...
Case in Point
Canon...
|
