1338 Posts Found

The road to sustained success begins with the answer to this simple question: “Who are we?”

Content: Article | Authors: Ken Favaro, Nadia Kubis, Paul Leinwand | Source: strategy+business | Subject: Strategy

The business model canvas — as opposed to the traditional, intricate business plan — helps organizations conduct structured, tangible, and strategic conversations around new businesses or existing ones. It lets you look at all nine building blocks of your business on one page. Each of these nine components contains a series of hypotheses about your business model that you need to test.

Content: Article | Author: Alexander Osterwalder | Source: Harvard Business Review | Subject: Strategy

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Your new strategy looks good on paper, it looks good in the executive suite. But what does it take for the work force to get it?

Content: Multimedia Content | Author: Charles Galunic | Source: INSEAD Knowledge | Subjects: Organizational Behavior, Strategy

When leaders substitute visions, missions, purposes, plans, or goals for the real work of strategy, they send their firms adrift.

Content: Article | Author: Ken Favaro | Source: strategy+business | Subject: Strategy

The challenges of generating growth in low-growth contexts are very different from those of managing growth in high-growth contexts. A new article by IESE’s Julia Prats and Marc Sosna, together with R. Velamuri of CEIBS, offers a framework of four growth scenarios that firm units can use to map themselves, in order to identify the particular barriers they face and the actions needed to overcome … [ Read more ]

Content: Article | Authors: Julia Prats, Marc Sosna, Ramakrishna Velamuri | Source: IESE Insight | Subject: Strategy

A lot of companies get into strategy creep. They just keep adding technologies, adding services, adding customers they’d like to serve. The cost of breadth is often edge–you lose sight of the thing that makes you different.

Content: Quotation | Author: Cynthia A. Montgomery | Source: Inc. Magazine | Subject: Strategy

If you’re focused on the job that has to be done, you’ll be more likely to catch the next technology that does it better. If you frame your business by product or technology, you won’t see the next disruptor when it comes along.

Content: Quotation | Author: Clayton M. Christensen | Source: strategy+business | Subjects: Competition, Innovation

Formulating strategy is a difficult task. Making strategy work—executing or implementing it throughout the organization—is even more difficult. This author, who has written several books on strategy and implementation, briefly describes what managers must do to overcome the impediments and achieve strategic success.

Content: Article | Author: Lawrence G. Hrebiniak | Source: Ivey Business Journal | Subject: Strategy

Changes in the marketplace, if not monitored, can cause serious losses in profit, market share, and in stakeholders’ confidence. Such was the case with one of the most celebrated American companies, Hershey’s. When the company failed to keep its ear to the ground and eye on the ball it lost touch with consumers and retailers. A shift in the company’s focus and a re-alignment of … [ Read more ]

Content: Case Study | Author: Rick Kash | Source: Ivey Business Journal | Subjects: Management, Marketing / Sales, Operations, Strategy | Industry: Food Products/Service | Company: Hershey’s

Done right, companies competing as a multi-sided platform often win with higher percentage profit margins than those enjoyed by traditional resellers. The problem is that a winning strategy is far from self-evident. Professor Andrei Hagiu explains the potential and the pitfalls for life as an MSP.

Content: Article | Author: Julia Hanna | Source: Harvard Business School (HBS) Working Knowledge | Subject: Strategy

Thinking in terms of time and attention will quickly start to change the way you think about products and services, customer behavior, even business models. This is the great frontier for innovation for the next decade, this author believes. Companies that master time and attention innovation will find lots of market traction. Readers will learn how to get that traction in this article.

Content: Article | Author: Adrian C. Ott | Source: Ivey Business Journal | Subjects: Innovation, Marketing / Sales, Strategy

When discussing strategy, executives often invoke some version of a vision, a mission, a purpose, a plan, or a set of goals. I call these “the corporate five.” Each is important in driving execution, no doubt, but none should be mistaken for a strategy. The corporate five may help bring your strategy to life, but they do not give you a strategy to begin with.

Nevertheless, … [ Read more ]

Content: Quotation | Author: Ken Favaro | Source: strategy+business | Subject: Strategy

In a dynamic environment, strategy is seen a means of choosing between the innumerable options a company has for developing products, customers, and business partners; it provides a lens for making tough decisions, but it does not create a compass pointing in one fixed direction.

Content: Quotation | Author: Stephen Wunker | Source: Ivey Business Journal | Subject: Strategy

Large corporations are outsourcing a wider variety of components and services, relying on smaller supplier firms. Large corporations are also placing greater decision-making responsibility on individual units within the firm, flattening the traditional hierarchical pyramid. The academic literature has begun to address these transformations. In the 21st century, we expect to see an increase in the importance of this subject, with more attention … [ Read more ]

Content: Article | Authors: David Conklin, Larry Tapp | Source: Ivey Business Journal | Subjects: Management, Organizational Behavior, Strategy

From smartphones and computers to blue jeans and beer, companies from China, India, Taiwan, Mexico, Turkey, and other emerging markets are now winning leading market shares with their own-branded, high-quality products—rather than with poorly produced products sold under others’ brand names. These emerging-market multinational companies (EMNCs) are giving the incumbent market leaders of North America, Western Europe, and Japan a run for their money in … [ Read more ]

Content: Book | Authors: Amitava Chattopadhyay, Aysegul Ozsomer, Rajeev Batra | Subjects: International, Strategy

Antonio Nieto-Rodriguez, author of The Focused Organization, explains his approach and the current state of strategy in an exclusive interview with SPS.

Content: Thought Leader | Author: Antonio Nieto-Rodriguez | Source: Strategic Planning Society (SPS) | Subjects: Project Management, Strategy

The business model is the predominant way a business creates value for its customers and captures some piece of that value for itself. It is generally accepted that a better business model can often beat a better technology. Yet companies that spend many millions of dollars on R&D seldom invest much money or time in exploring alternative business models to commercialize those … [ Read more ]

Content: Quotation | Author: Henry Chesbrough | Source: Ivey Business Journal | Subjects: Innovation, Strategy

Focus and variety are often at odds with one another. The only way to do both profitably is to open up the business, turning it into a platform for others to work alongside or build on top of.

Content: Quotation | Author: Henry Chesbrough | Source: Ivey Business Journal | Subject: Strategy

Companies will increasingly compete on the breadth, depth, and quality of their communities that surround their activities.

Content: Quotation | Author: Henry Chesbrough | Source: Ivey Business Journal | Subjects: Competition, Strategy