ChatGPT is the most viral application–literally of all time. It took just 5 days for ChatGPT to gain 1 million users and 2 months to gain its first 100 million users. So, first, what is ChatGPT? ChatGPT is a pre-trained language generation model developed by OpenAI. It uses deep learning techniques to generate human-like responses […]
About David Tang
David Tang is an entrepreneur and management consultant. His current focus is Flevy, the marketplace for business best practices (e.g. frameworks & methodologies, presentation templates, financial models). Prior to Flevy, David worked as a management consultant for 8 years. His consulting experience spans corporate strategy, marketing, operations, change management, and IT; both domestic and international (EMEA + APAC). Industries served include Media & Entertainment, Telecommunications, Consumer Products/Retail, High-Tech, Life Sciences, and Business Services. You can connect with David here on LinkedIn.Author Archive | David Tang
Emerging Market Intelligence
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 practice, where data can be reliably obtained. This is the not the case for emerging markets. Many multi-national organizations, when […]
Business Model Innovation (BMI): Business Model Journey
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 Model Transformation can make organizations resilient in the face of Disruption and create Growth unbounded by the limitations of its […]
How We Can Align Our Corporate Strategy and Supply Chain Strategy
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 solutions to support the organization’s strategies has become increasingly difficult. This has never been more evident than during the COVID-19 […]
Blank Check 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 if that weren’t the case? This is the thinking behind Blank Check Strategy. The blank check approach takes a contrarian […]
The Innovation Sandbox
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 conditions. For this framework to be implemented effectively, there are 4 core conditions that must be met: The Innovation must […]
The 4 Models of Management
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 management models are defined by the way senior management and the “Corporate Core” engage with the rest of the organization. […]
The 4 Schools of Strategy
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 Position School The Execution School The Adaption School The Concentration School We can represent these 4 schools on a 2×2 […]
Tension Management 101: How Do We Manage Workplace Tension?
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. These 2 main kinds of tensions that exist in an organization: 1. Natural Tension Natural Tension refers to personal tension […]
The Human Resources (HR) Ecosystem
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 environment, interacting as a system. This definition can be further broadened to represent a group of interconnected “elements,” formed by […]
Can We Drive Growth and Innovation through Corporate Entrepreneurship?
Foremost, what exactly is “Corporate Entrepreneurship?” Corporate Entrepreneurship is defined as the process by which teams within an established organization conceive, develop, launch, and manage a new business that is distinct from the parent organization by leveraging the parent organization’s resources. Corporate Entrepreneurship encapsulates more than just New Product Development. It also includes ventures to […]
Disruption Is Inevitable. How Do We Manage through Disruption?
No industry is safe from Disruption. Disruption can be born from a number of sources–e.g. new technology, regulatory changes, or a global pandemic, to name a few. In a 2017 PwC survey of 1,379 CEOs around the world, 60% said their market has already changed or completely reshaped in the past 5 years and over […]
