Strategy as practiced by companies today has many flaws.
“Reshaping Strategy: Exploring the Content, Process and Context of Strategic Innovation” synthesizes more than 200 books, articles, research papers and thousands of pages on strategy, strategic innovation, blue ocean strategy, value innovation, disruptive innovation, business model innovation and related topics into a comprehensive framework, providing an extensive overview and allowing companies to address the issues involved from different angles and view points.
It offers a new perspective, new tools and ideas on how to address strategic issues for enabling new growth by developing fresh answers to the classic questions in strategy: what business are you in, who is your customer, and how to organize to fulfill customers’ needs?
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Tagged as:
Blue Ocean Strategy,
Business Model Innovation,
Strategic Innovation,
Strategy
A simple tool I recently developed with a client to evaluate ideas for business model innovations. The evaluation was used by the board to decide which ideas go into conceptualization and prototyping.
Tagged as:
Business Model Innovation
A recent study by The Boston Consulting Group and BusinessWeek identified that while business model innovators and product or process innovators both achieve a premium total shareholder return, business model innovators earned an average premium that was more than four times greater than that enjoyed by product or process innovators. So clearly it pays to invest efforts on the topic.
A report on the survey offers the following questions for mobilizing the organization. While most aren’t new to the regular readers of this blog, others open interesting perspectives.
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Tagged as:
Business Model Innovation
Part 1 of the reinvent your business series looked at “market innovation”, in part 2 I outlined 9 ways for “value innovation”. This final part will conclude the series with 8 ways to reinvent your business model.
Essentialy the business model is about how to create, capture and deliver your value proposition. It’s about what activities and resources are necessary and how the company deploys them, including those outsourced. Of course all of these decisions will have an impact on your revenue and your costs, so we’ll have a look at these dimensions too.
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Tagged as:
Business Model Innovation,
Reinvent your Business,
Strategic Innovation,
Strategy
Although managers might know that innovation is the only way to attain competitive advantage, they seldom know where to begin. Innovation is still a black box. Leaders don’t know where to start, how to build the necessary capabilities or even what they want to reach. The common definition of innovation being implemented ideas customers are willing to pay for doesn’t help much either. So how do start building innovation capabilities in your company?
I believe the first step to becoming more innovative is to have a common language and definition of what innovation is.
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Tagged as:
Innovation
While this Tiger Woods story has not been that featured in Europe, I came across several articles this week while being in the US.
Honestly I don’t care what Tiger did or did not do and whether he wants to share his motives or not.
What I find interesting to look at though is how Accenture reacted to events.
As you would expect from a good corporate citizen they didn’t want be associated with Woods and this kind of behavior, cheating, drinking and all that stuff, so they drop him immediately, withdrew from their relationship. So what’s the image you get? That Accenture is a good corporate citizen, whose employees don’t engage in these kinds of activities? (I happen to know a couple of people from university time that now work at Accenture. If their past behavior is an indication,…you get the point.) Another view might be that as soon as one does a mistake, Accenture ends the relationship. Is that the rule for its employees? Still another might be that as soon as it gets a bit complicated and the going gets tough Accenture quits. Yet another way of interpreting Accenture’s behavior might be that as soon as Accenture can no longer profit from you, you’re out. I’m sure you have your own take on it. I highly doubt that Accenture and all the people having decided to drop Tiger are flawless.
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Tagged as:
Be bold
I saw a presentation by Shaun Smith at the London Business Forum on his new book to be published towards the end of the year today.
Smith argues that a major shift is happening in business and society currently and that organizations need to become bolder, braver and more innovative to remain relevant. One can’t argue with that.
Although the ideas aren’t new (at least not to the regular readers of these pages) he had a couple of interesting examples to make his case. Let’s have a look. [continue reading…]
Tagged as:
Be bold,
Innovation
Nobody really knows actually. But here are a couple of thoughts that might help you to put things in perspective. The presentation has been viewed almost 20 000 times on slideshare…so I guess it must be of some value! 
Tagged as:
Strategy
