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?
[continue reading…]
Tagged as:
Blue Ocean Strategy,
Business Model Innovation,
Strategic Innovation,
Strategy
Inspiration shower for the paperJam business club in Luxembourg.
It is said that 80% of strategies fail because of implementation. Yet some companies seem to be extremely good at it. What does it take for successful strategy execution? During this highly interactive workshop you will have the opportunity to learn about the elements of successful strategy implementation and how to engage employees in the process.
What you’ll take back home:
- an overview of important elements
- ideas and inspiration on how to engage employees
- a fresh look at innovative communication architectures
- ideas on how to get started in your organization.
For more details, please check the paperJam website.
Tagged as:
Strategy,
Workshop
Strategy Synthesis is the little brother of the world’s most sold text book on strategy by De Wit and Meyer. I contributed two case studies for the chapter on strategic change.
One on Grohe, illustrating the company’s turnaround and one on Hilti, highlighting their continuous change and the recent innovations in their business model.
Buy at amazon.com
Tagged as:
Change Management,
Strategy
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.
[continue reading…]
Tagged as:
Business Model Innovation,
Reinvent your Business,
Strategic Innovation,
Strategy
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
In part 1 of the reinventing your business series, I outlined 1 general approach to business reinvention, and 7 ways to invent new markets and customer segments, what I call “Market Innovation”.
This post will focus on your value proposition and I will describe 9 ways to “Value Innovation” and provide inspiration on how to enhance the value you offer.
Remember, reinventing your business is a matter of switching perspectives and challenging your mental models and the “way we do things around here”. It could well be that you employ #9 already, but then pick another one that suits you better. It’s not about implementing all 25 ways at the end. But it’s about choosing those that will bring you further. Also don’t go for the easiest one. Look at the list and think about which idea irritates you the most. Why is that so? What is your mental model in that area? Why don’t you believe that something like this can work? Why do you believe that others do work? Use the ideas not only to inspire yourself and your team, but also as a way of exploring your cognitive maps.
Let’s get started.
[continue reading…]
Tagged as:
Blue Ocean Strategy,
Business Model Innovation,
Reinvent your Business,
Strategic Innovation,
Strategy,
Value Innovation
Any goals for 2010 yet? What about reinventing your business?
Let me share 25 ways on how you can get started. This is the first post in a 3 part series on how to reinvent your business. The series is build around the who-what-how framework. Your business is defined by who you consider being your customers, what you offer them and how you do create and deliver the value proposition. Before we start, I urge you to buy a good notebook (Moleskine seems to be a favorite all over the world at the moment). Keep it with you at all times. Print the strategies outlined here and stick them into your notebook. Write down everything that comes to your mind…let’s get started…
Before going into the details, let’s start with a more general approach. [continue reading…]
Tagged as:
Blue Ocean Strategy,
Business Model Innovation,
Reinvent your Business,
Strategic Innovation,
Strategy
During a recent doctoral workshop at Zeppelin University on business model innovation (BMI) we had a discussion on the difference between a business model and a strategy.
Business model innovation can be seen as one outcome of strategic innovation. (Have a look at my definition for other outcomes.) On the strategy level a company makes choices about what game to play, what competitive position to conquer. The business model outlines the details of these choices, the activities to be carried out, how they fit together, etc. The business model is the detailed description of how to play the game. It describes how you will create, capture and deliver value to your customer segments.
[continue reading…]
Tagged as:
Business Model Innovation,
Strategic Innovation,
Strategy
