In the 1980s, Michael Porter emerged as a notable proponent of the market-based positioning methodology as a means to achieve strategic competitive advantage. As technology advances, there is a heightened level of competition, workplace cultures evolve, and employees acquire greater expertise in crafting exceptional value propositions.
A multitude of scholars and researchers have put forth alternative frameworks in an effort to achieve Profitability and sustainable competitive advantage. Rumel
Decision Making is essential to any organization's success. Military strategists use their training and experience to create battle plans and make quick decisions aimed at achieving specific objectives. Military strategies, concepts, and practices have found widespread application in business and daily life. The works, memoirs, and experiences of renowned military historians and strategists, such as Sun Tzu's "The Art of War," Clausewitz's "On War," and Liddell Hart's "Strategy," are highly
Sir Basil Henry Liddell-Hart (31 October 1895 – 29 January 1970) was an influential British strategist, historian, and military theorist. The prolific author B. H. Liddell-Hart authored numerous works on military strategy and tactics.
Liddell-Hart's "Strategy" is considered one of the most influential works on military strategy published in the 20th century. This book examines the art of warfare and provides a comprehensive analysis of the strategies and tactics used by great military commander
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Lessons from t
Organizational Analysis is necessary for enhanced Productivity and revenue improvement.
Organizational Analysis may be conducted methodically using the Organizational Elements Model. It is a potent method for analyzing a firm’s existing state, comprehending the capabilities of its rivals, and identifying challenges.
The Organizational Elements Model provides a way to examine an organization holistically. The model makes it possible to assess an organization's structure, processes, culture, compete
In prosperous economic times, organizations enjoy a cordial and relaxed environment. The confidence range for error tolerance is rather big. There is no imminent need to change corporate procedures or business models due to external factors. Prior to making decisions, people like to take the time to carefully study and examine significant facts and situations.
Good times are characterized by:
A business is sustainable if it continues to grow. However, it is hard for any business owner to estimate the firm's growth in a year or during a certain time period. Likewise, it is challenging for leaders to imagine the following scenarios:
Sustainable growth necessitates a Capabilities-driven Strategy (CDS) as opposed to conventiona
Data Governance is a set of practices that outline the roles and accountabilities related to data and support the organization’s Business Model by generating and consuming data. It’s all about overseeing the accessibility, practicality, reliability and safety of enterprise data.
Data Governance is guided by in-house data standards and guidelines to monitor data usage. The process safeguards data uniformity, dependability, and fair use. The success of a Data Governance initiative should be me
Data Governance is a set of practices that outline the roles and accountabilities related to data and support the organization’s Business Model by generating and consuming data. It’s all about overseeing the accessibility, practicality, reliability and safety of enterprise data.
Data Governance is guided by in-house data standards and guidelines to monitor data usage. The process safeguards data uniformity, dependability, and fair use. The success of a Data Governance initiative should be meas
Editor's Note: If you are interested in becoming an expert on Innovation Management, take a look at Flevy's Innovation Management Frameworks offering here. This is a curated collection of best practice frameworks based on the thought leadership of leading consulting firms, academics, and recognized subject matter experts. By learning and applying these concepts, you can stay ahead of the curve. Full details here.
When new technologies and rivals disrupt markets, numerous firms employ antiquat
The strategic objectives of publicly traded companies are communicated to investors and the general public. Websites, annual financial reports, and the Form 10-K are crucial resources for understanding a company's core offerings, competitive advantage, and market position.
Research on available documents of publicly traded companies reveals crucial information regarding their Strategies and Strategic Priorities. In 2014, MIT Sloan Management Review performed research on Strategy Implementation.
Editor's Note: If you are interested in becoming an expert on Strategy Development, take a look at Flevy's Strategy Development Frameworks offering here. This is a curated collection of best practice frameworks based on the thought leadership of leading consulting firms, academics, and recognized subject matter experts. By learning and applying these concepts, you can stay ahead of the curve. Full details here.
Almost every organization strategizes with the expectation that it would result in
Financial insecurity, the unpredictability of regional and global situations, environmental threats, and advancements in technology have caught organizations off guard. Consequently, many leaders have ended up turning to Scenario Planning to generate potential possible scenarios, in contrast to planning and devising strategy for a single possible circumstance.
Scenarios include plausible, yet unforeseeable situations and challenges. They encompass various permutations of facts and anticipated s
At all levels of a corporation, key decisions have to be made quickly. This is particularly critical at the strategic level, when senior executives are expected to have an exceptional talent for systematic and organized decision-making. However, this is not simple, and there is also no clear path to follow.
There is a plethora of studies and thought leadership around formulating and implementing strategy—but little on maturing into a leader with exceptional judgment abilities. Chief Executive Off
Editor's Note: If you are interested in becoming an expert on Innovation Management, take a look at Flevy's Innovation Management Frameworks offering. This is a curated collection of best practice frameworks based on the thought leadership of leading consulting firms, academics, and recognized subject matter experts. By learning and applying these concepts, you can stay ahead of the curve. Full details here.
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Humans inherently connect to each other in an indigenous context, generate kno
Organizational leadership can draw on 3 Strategic Thinking Games to master Business Strategy and apply in varied scenarios and organizational structures. The Strategic Thinking Games provide Decision Making models for senior executives to choose from and use as per the situation.
The Strategic Thinking Games are based on mathematics and statistics, particularly Probability Theory, and exhaustive research into the Business Strategy realm. Probability Theory is actually a branch of mathematics th
Most people believe that the value and impact of the C-level leadership originates from the number of meetings conducted, having the ability to plan for long term, and make key strategic decisions collectively. However, in reality, the C-level seldom works in unanimity to make collective decisions. They often have animosities with each other and lack collaboration and mutual trust.
The real impact and success of the top team emanates from the informal and social networks of its members, their r
Potential opportunities always surround leaders. It is up to them to pounce on those or regret overlooking them, when someone else takes advantage of them.
Leaders’ personal beliefs and assumptions often clash reality. The trait is categorized as “confirmation bias” in Psychology, where individuals pick the data that supports their existing opinions and approaches and doubt information which defies their mindsets. Leadership needs to develop themselves to the level to consider the slight hints
Evaluation and onboarding of outstanding leaders is anything but straightforward. Almost all organizations have set up testing mechanisms or assessment centers to distinguish senior leadership candidates having traits that make up for Exceptional Leaders. These assessment centers shortlist leaders based on certain indicators and criteria.
However, these assessments are not always accurate in predicting the best leaders. At times, the entire evaluation exercise results in drafting mediocre lead
Employee behaviors are critical for the success of Business Transformation endeavors. However, transforming the ingrained behaviors and mindsets of the workforce isn’t straightforward, and when tackled cause the enterprise’s emotional state to go down.
Leaders need to identify the components of Culture that are in line with their Corporate Strategy. They have to ascertain and harness the positive elements of culture that can drive the desired Transformation and suppress those that obstruct it.
F
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