Transforming Strategy: From Competition to Innovation PPT
This PPT slide, part of the 41-slide Growth Strategy PowerPoint presentation, presents a comparative analysis between traditional and modern thinking in strategic business approaches. It emphasizes a significant shift from a focus on competition to creating new opportunities that render competition irrelevant.
In the "Industry" section, traditional thinking is characterized by the belief that industry conditions are fixed, necessitating competition within existing market spaces. In contrast, modern thinking proposes that companies can actively shape industry conditions to create uncontested market spaces.
The "Strategy" segment highlights that traditional approaches prioritize building competitive advantages to outmaneuver rivals. Modern thinking, however, advocates for making competition irrelevant altogether, suggesting a more innovative and proactive stance.
When examining the "Market," traditional views focus on exploiting existing demand, while modern thinking encourages organizations to create and capture new demand, indicating a shift towards innovation and customer-centric strategies.
The "Resources" section reflects a fundamental change in mindset. Traditional thinking emphasizes a value-cost trade-off, whereas modern approaches aim to break this trade-off, allowing firms to deliver value without compromising on cost.
In terms of "Organization," the traditional view aligns activities with a strategic choice of differentiation or low cost. The modern perspective, however, seeks to align the entire system of activities towards achieving both differentiation and low cost simultaneously.
Lastly, the "Offerings" section contrasts maximizing value within industry boundaries with the modern approach of offering solutions that transcend these boundaries, indicating a broader scope for value creation.
This slide encapsulates a transformative approach to strategy, urging leaders to rethink their frameworks and embrace innovative practices that can redefine their market presence.
This slide is part of the Growth Strategy PowerPoint presentation.
This Growth Strategy framework is created by former McKinsey, BCG, Deloitte, EY, and Capgemini consultants. It teaches the Strategy Consulting approach to Growth and includes a full Growth Strategy Project breakdown.
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Growth Strategy Porter's Five Forces Competitive Advantage Value Creation Innovation
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