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flevyblog
The Flevy Blog covers Business Strategies, Business Theories, & Business Stories.
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The concept of Core Competence was first introduced by C. K. Prahalad and Gary Hamel in 1990, in their article The Core Competence of the Corporation. Since then, this term has become part of the… What Qualifies As a Core Competence?
Most organizations struggle with Strategy execution. In fact, numerous studies from top consulting firms (including McKinsey, Bain, BCG) and Harvard Business Review have shown approximately 70% of strategies fail due to poor execution. Furthermore, organizations… Strategic Management Done Right: Set up a Strategic Management Office (SMO)
Editor’s Note: Want to directly ask an AI consultant a question? Check out Marcus. Marcus, based on MARC (Management’s Automated Real-time Consultant) technology, is Flevy’s own AI-powered consultant who will search our vast database of… An Introduction to ChatGPT and How to Use ChatGPT for Consulting
How do we acquire quality, actionable Market Intelligence for emerging markets? To make good business decisions, we require good data—i.e. good Market Research & Intelligence. For developed markets, the function of Market Intelligence is mature… Emerging Market Intelligence
In this article, we will go on a journey… a journey for your Business Model. As we all know, innovative Business Models can reshape industries and drive tremendous growth. In fact, if executed successfully, Business… Business Model Innovation (BMI): Business Model Journey
Most organizations struggle to find a true strategic fit between their Corporate Strategies and their Supply Chain Strategies. For most organizations, they operate within a highly complex and globally interconnected Supply Chain. Aligning Supply Chain… How We Can Align Our Corporate Strategy and Supply Chain Strategy
Due to organizations having limited resources (e.g. talent, capital, time, etc.), the focus of Strategy Development is often the optimization and prioritization of said resources to maximize the potential to reach its strategic objectives. But what… Blank Check Strategy
The “Innovation Sandbox” is a powerful creative thinking tool to drive Innovation, pioneered by C.K. Prahalad. In fact, using this framework, industries and individual organizations can achieve breakthrough Innovation. It promotes exploration and experimentation–while under extreme… The Innovation Sandbox
In a study conducted by global management consulting firm Strategy& (formerly Booz & Company) of 100s of organizations of varying sizes and types, they synthesized a spectrum of 4 different corporate management models. These 4… The 4 Models of Management
Over the years, countless business frameworks on Corporate and Business Strategy have been developed. We can categorize these frameworks into 4 schools of thought. Let’s call them the 4 Schools of Strategy, which are: The… The 4 Schools of Strategy
In a high-pressure environment such as the C-suite or Boardroom, tension is bound to exist. Since tension is bound to exist, the goal is not to eliminate tension, but rather, to turn tension into productivity.… Tension Management 101: How Do We Manage Workplace Tension?
In business, we love to use the term “ecosystem.” So what is an Ecosystem? In its purest form, Wikipedia defines Ecosystem as a community of living organisms in conjunction with the nonliving components of their… The Human Resources (HR) Ecosystem