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flevyblog
The Flevy Blog covers Business Strategies, Business Theories, & Business Stories.
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Strategy and execution are the 2 critical elements that drive a business. However, leaders often struggle even with defining—let alone devising and executing—an effective strategy. Many of those who are responsible to deal with it fall… How to Differentiate Between General, Corporate, and Competitive Strategy?
We are already living in the Age of Data. In fact, every organization operating today is essentially a data organization. However, only 1 in 12 are actually monetizing data to its full extent. Many organizations… It’s the Age of Data, Time to Incorporate a Data Monetization Strategy into Digital Transformation
At its essence, management just seeks to answer 2 fundamental questions: Are we doing things right? Are we doing the right things? The first question is addressed through Operational Management. Operational Management frameworks include Total… How Do We Answer the Fundamental Question of Strategy: Are We Doing the Right Things?
Price wars have broken out in consumer industries around the world. In fact, retailers such as ALDI, Amazon, and Walmart have used price to position themselves against traditional competitors in the market, pinching margins all… Pricing Perception: Is Reducing The Price The Best Decision?
In the late 1990s, business strategist Michael Porter argued that clusters make business more competitive by increasing the pace of innovation and stimulating new business formation. National and regional governments quickly embraced the idea and… The Growth of a Giant: The Logistics Clusters in Supply Chain Management (SCM)
Transformation from a product-based model to a platform model is a dream for many executives. More and more product companies are now shifting into a platform model. The drive behind such a shift is the… 4 Key Ingredients of Transforming Your Organization From A Product-based Business To Platform Business Model
“To win one hundred victories in one hundred battles is not the acme of skill. To subdue the enemy without fighting is the acme of skill.” Sun Tzu, The Art of War Many companies are… The Art (and Science) of Winning a Price War: The Price War Strategy
Scalability describes possible meaningful changes in magnitude or capacity. In business terms, it’s the capability of a system to enhance productivity upon resource augmentation. Scalability provides an organization the capabilities to develop compelling value propositions—that… Business Model Innovation: How to Create Scalable Business Models?
Identifying what the market wants is a critical issue for most executives. Likewise, the decision on how much to charge for a product is also crucial for planners. This is where Market Research comes to… A Must-Have Tool for Market Research and Pricing Strategy: Conjoint Analysis
The decision for pricing a product or service isn’t as simple as it seems. It is a key consideration for executives. Pricing way above the rival products risks not attracting the required customers while charging… Exploring Van Westendorp Price Sensitivity Meter (PSM)
Many Strategy frameworks are based on the premise: we can’t be everything to everyone. An organization that pursues too many strategies usually ends up stuck in the middle offering average products for average prices. Thus,… Revisiting a Strategy Classic, the Value Disciplines Model – How Are You Creating Value?
Executives in all industries are using digital advances such as analytics, mobility, social media and smart embedded devices to transform their businesses. They are changing customer interactions, internal business processes and even their business models to… Digital Transformation Governance: Key Principles to Catapult Your Digital Transformation Journey to Success