I’m bemused by the repetitive announcements that “strategy is dead” and has no place in our rapidly changing and uncertain business environment. Pundits claim that: it’s too slow and laborious the outcomes are irrelevant in an uncertain and changing environment, and organisations prefer to simply respond quickly as conditions and customer requirements change. Despite the […]
Tag Archives | strategy development
Value Based Management (VBM) is a management philosophy that states management should foremost consider the interests of shareholders in its business actions. This framework encompasses the processes for creating, managing, and measuring value. It is important to note VBM differs from a profit-focused way of managing business. Specifically, VBM means that the decisions that you […]
If you’re familiar with the strategic management framework Balanced Scorecard, you may have also come across the concept of a Strategy Map. After all, a Strategy Map is a core element of the formulation of a Balanced Scorecard. Both frameworks were developed by Robert Kaplan and David Norton. Wikipedia defines a Strategy Map as: A […]
We all like to talk about strategy. It’s cool to do so. But in order to craft a great strategy, it’s crucial to understand the underlying business strategy principles. All too often, people who talk about strategy don’t really know what strategy is all about. This article wants to change that! First, let’s take a […]
Editor’s Note: This is the era of rapid changes and disruptive innovations, and no startup, irrespective of size or industry, should be launched without a high degree of innovation and differentiation. This article is about the why, what, and the how— the systematic way to achieve this, based on the long international experience of the […]
Dr. Stephen Sweid is a senior business and management consultant, researcher, and trainer with over 20 years consulting and research experience across a wide spectrum of industries. He brings a unique, global perspective, having worked with many organizations from all over the world, including Europe, the U.S., Middle East, and Far East. He has also published a series of training guides […]
The making of the Damascene, the Samurai, or the Viking sword, took time. Each blade was meticulously shaped by hand into hundred layers of steel. This was the secret of its superiority. Each blade was also special and unique due to the passion involved in the making. This was the case over 1000 years ago, because […]
What is strategy without execution? Merely theory. A successful business requires both a well developed strategy and the ability to execute on that strategy. Many companies develop robust strategies, but fail at operationalizing their strategies into implementable steps. We have just released a free primer on Strategy Development and Strategy Execution. It is a 54-slide deck that […]
What is our strategy? This is a critical question every organization needs to answer. Strategy drives the company’s vision and course of action; and is what leads to its competitive advantage over others. The core of any strategy is about making choices of where to play and how to win, supplemented with a “why” (the […]
For a limited time, Flevy is offering a FREE download of the Strategy Development Discussion Deck. To download this document, just go here: http://flevy.com/share This is a discussion deck template for a corporate strategy development session. In this discussion, we go through a 2-prong approach to growth and evaluate the merits of various growth drivers. […]
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