When talking about strategy it’s important to understand what the company Boards and the CEO are looking for. Both the Board and CEO are responsible for assessing and approving the strategic direction of the company. Understanding the 20 questions that the Board should ask about strategy is also good guidance for those creating [...]
When it comes to building successful businesses there are number key strategic areas that need to be considered. They are: 1. Your intellectual property protection, 2. Your overall business model, 3. Your rapid global rollout, and 4. A uniform approach to licensing and criteria for selecting country distributors. From a strategic planning standpoint [...]
Impact of Sustaining and Disruptive Technology Change The classic book on disruptive business strategy is “The Innovator’s Dilemma”. Christiansen makes a distinction between which technologies are sustaining and which are disruptive. He also points out that disruption can occur when the pace of technological progress outstrips what markets need. He also assets that [...]
There are many strategic planning consultants, each having their own model for how to best use strategic planning. Each of these planning methodologies has similarities and the differences. Those differences usually relate to the industry segments of the businesses and the company’s position as either that of a market leader or a new [...]
In the next posts we’re going to address strategic planning from a number of viewpoints. The first chapter in this series relates to business strategic planning. Four Models of Strategy Shona Browning and Kathleen Eisenhardt compared various ways to create business strategy. They came up with the observations shown in the “Four Models [...]
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