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flevyblog
The Flevy Blog covers Business Strategies, Business Theories, & Business Stories.
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For many organizations, the last quarter of the year is when Leadership will conduct the annual Strategic Planning process and plan the near-, mid- and long-term strategies. This article breaks the full Strategic Planning and… ‘Tis the Season for Strategic Planning! Here’s What You Need to Know to Successfully Formulate and Execute Your Strategy
There is no question that the Retail industry has been experiencing disruptive change. Traditional retailers can no longer survive in a Digital Age dominated by e-commerce. Even traditional physical stores having an e-commerce presence is… The Omni-channel Retail Strategy for the Digital Age
Maturity Models are powerful tools, commonly used by management consultants, to gauge the maturity of an organization in a number of disciplines or functions. They help pinpoint the specific areas of improvement in order to reach… Evolve Your Organization to the Next Level (Using Maturity Models)
What is a “first” or “second” generation Performance Management and Measurement framework? Let’s begin by defining these concepts. First generation Performance Management and Measurement frameworks derive Key Performance Indicators (KPIs) from strategy. These include well known and established… Are You Still Using a First Generation Performance Framework?
Developed by John Kay, the Distinctive Capabilities Framework captures those capabilities our organization has, which cannot be replicated by competition. Through his research, he identified 3 such “Distinctive Capabilities:” Architecture Reputation Innovation These 3 capabilities are… What Are Your Distinctive Capabilities That Cannot Be Replicated?
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… What Is Value Based Management (VBM)?
When discussing Change Management, most Change professionals focus on the “soft” factors that influence the success of a change program. These include elements like vision, leadership, culture, employee motivation, top-down vs. participatory approach, etc. But,… The “Hard” Side of Change
There are tons of “value”-driven management frameworks. Value Stream Mapping (VSM) is one of the most well known–but, do you know what exactly this methodology refers to? Value Stream Mapping Overview VSM is Lean Management method… What Exactly is Value Stream Mapping (VSM)?
Have you heard of Strategy Dynamics? Most people haven’t. Strategy Dynamics is a framework to explain our current performance–and to develop and execute strategies for improving our future performance of our organization. This approach emphasizes building… The Future Is Now: Improve the Future via Strategy Dynamics
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… What Is a Strategy Map?
Organizations must deal with new government regulations, new products, growth, increased competition, technological developments, and a changing workforce—which all force change. Change is pervasive and inevitable to the growth and survival of an organization. To… The Best Ways to Mitigate Change Resistance
In their book In Search of Excellence, McKinsey consultants Tom Peters and Robert Waterman found 8 common themes which they argued were responsible for the success of 14 identified companies of “excellence.” The framework is… How Do You Achieve Management Excellence?