1341 Posts Found

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

Dynamic capabilities can usefully be thought of as belonging to three clusters of activities and adjustments: (1) identification and assessment of an opportunity (sensing); (2) mobilization of resources to address an opportunity and to capture value from doing so (seizing); and (3) continued renewal (transforming). These activities are required if the firm is to sustain itself as markets and technologies change.

Content: Quotation | Author: David J. Teece | Source: Ivey Business Journal | Subjects: Management, Strategy

A more strategic approach to costs can help you prepare for the next round of expansion.

Content: Article | Authors: Deniz Caglar, Jaya Pandrangi, John Plansky | Source: strategy+business | Subjects: Management, Strategy

Understanding how the invisible hand of time is driving customer behavior will provide massive opportunities to innovate for new value and capture customer loyalty in the Inattention Economy. But the innovations around time and attention aren’t just limited to new products and services. Building a strategy that will carry you forward requires continually thinking about customer filters and attention ecosystems.

We all are going to be … [ Read more ]

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

Many organizational structures in the 21st century will rest on cooperation as well as competition. A set of corporations will work together to expand the value that is added by their group. In particular, this set of corporations will strive continually to create unique goods and services so that potential substitutes are further removed from the final customer’s purchasing decision. While the … [ Read more ]

Content: Quotation | Authors: David Conklin, Larry Tapp | Source: Ivey Business Journal | Subject: Strategy

You don’t need a formal strategy role to help shape your organization’s strategic direction. Start by moving beyond frameworks and communicating in a more engaging way.

Content: Article | Authors: Jayanti Kar, Michael Birshan | Source: McKinsey Quarterly | Subject: Strategy

For many, implementing an innovation strategy, which requires changes within an organization, means adding layers of new processes. Lisa Bodell, author of Kill the Company: End the Status Quo, Start an Innovation Revolution, argues that there are straightforward ways to make change without bogging down the organization. Bodell insists that whether an organization is doing exceptionally well or struggling, now is the time to address … [ Read more ]

Content: Multimedia Content | Author: Lisa Bodell | Source: Knowledge@Wharton | Subjects: Competitive Intelligence, Management, Strategy

A new study finds that underestimating strategic risk is the number one cause of shareholder value destruction. But it doesn’t have to be.

Content: Article | Authors: Christopher Dann, Christopher Pencavel, Matthew Le Merle | Source: strategy+business | Subjects: Risk Management, Strategy

As we continue in an era of simultaneous innovation and commoditization, enabled by digital technologies, managers around the world are asking themselves “how can we both adapt to rapid changes in technology and markets, and still make enough money to survive–and thrive?”

To provide answers to these important and urgent questions, MIT Sloan School of Management Professor Michael Cusumano draws on nearly 30 years of research … [ Read more ]

Content: Book | Author: Michael A. Cusumano | Subject: Strategy

Conventional wisdom on strategy is no longer a reliable guide. The authors maintain that success in any market accrues to firms with coherence: a tight match between their strategic direction and the capabilities that make them unique.

Achieving this clarity takes a sharpness of focus that only exceptional companies have mastered. This book helps you identify your firm’s blend of strategic direction and distinctive capabilities that … [ Read more ]

Content: Book | Authors: Cesare R. Mainardi, Paul Leinwand | Subject: Strategy

Decision makers struggling with uncertainty can choose from a trio of probabilistic models to match the type of risks they face.

Content: Article | Authors: Saras Sarasvathy, Tim Laseter | Source: strategy+business | Subjects: Management, Organizational Behavior, Strategy

Developing and implementing a strategy is the central task of a leader, whether the CEO at a Fortune 100 company, an entrepreneur, a church pastor, the head of a school, or a government official. Richard Rumelt shows that there has been a growing and unfortunate tendency to equate Mom-and-apple-pie values, fluffy packages of buzzwords, motivational slogans, and financial goals with “strategy.” He debunks these elements … [ Read more ]

Content: Book | Author: Richard Rumelt | Subject: Strategy

How predictable are competitive conditions in your industry? How much power does your company have to shape its underlying competitive environment? These questions are critical to strategists, since clearly the kinds of strategies that work in predictable industries are likely to be worlds apart from those geared to shaping highly volatile environments.

Content: Article | Author: Martin Reeves | Source: Harvard Business Review | Subject: Strategy

Corporate strategy has become the bailiwick of consultants and business analysts, so much so that it is no longer a top-of-mind responsibility for many senior executives. Professor Cynthia A. Montgomery says it’s time for CEOs to again become strategists.

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

How an unusual management technique inspires business teams to envision — and achieve — breakthrough results.

Content: Case Study | Authors: Mohanbir Sawhney, Sanjay Khosla | Source: strategy+business | Subject: Strategy | Company: Kraft Foods Inc.

Crowdsourcing your strategy may sound crazy. But a few pioneering companies are starting to do just that, boosting organizational alignment in the process. Should you join them?

Content: Article | Authors: Arne Gast, Michele Zanini | Source: McKinsey Quarterly | Subjects: Management, Strategy

Do you spend enough time planning strategy? Are the meetings you hold actually productive? Do you regularly track and review the results of your short- and long-term strategies, and change them when necessary? Alberto Fernández offers tips for avoiding 12 common pitfalls in strategic planning and follow-up.

Content: Article | Author: Alberto Fernández | Source: IESE Insight | Subject: Strategy

Most companies allocate the same resources to the same business units year after year. That makes it difficult to realize strategic goals and undermines performance. Here’s how to overcome inertia.

Content: Article | Authors: Dan P. Lovallo, Reinier Musters, Stephen Hall | Source: McKinsey Quarterly | Subjects: Finance, Management, Strategy