Rediscovering sustainable competitive advantage

The Future Shapers

Sustainable competitive advantage? Most business leaders I talk to agree that the days of sustainable competitive advantage are over. They refer to the VUCA world we live in and point to the ever shorter half-life periods of business models and corporate strategies.

A new competitive edge

The Future Shapers

Strategy is probably one of the most mystical and mystified words in the corporate vocabulary. Such as: that the success or failure of a product or company depends solely on the strategy used. Or that strategy development is a tedious process eating up countless hours.

Platform Revolution: How Platforms Change Strategy with Geoffrey Parker

Game-Changer

The internet is the big disruptor of our time , changing the advantage from products to platforms. He is the co-author of Platform Strategy , a book about the new competition and how digital platforms change competitive strategy.

Collaboration is the new competitive advantage

IdeaSpies

In 1985, a relatively unknown professor at Harvard Business School named Michael Porter published a book called Competitive Advantage , which explained that by optimizing every facet of the value chain , a firm could consistently outperform its competitors.

Spigit's 2018 State of Crowdsourced Innovation Report

Most companies cite culture change as their. connected to the challenge, you’ll further kick- start culture change and gain valuable input. Objectives change over. business-outcomes Culture change. culture change for which most companies are. company strategy.

Why Change Management So Often Fails

Digital Tonto

Much as any competitive strategy that doesn’t anticipate the response from competitors is doomed to failure, any transformation strategy that doesn’t take into account those who oppose change is. [[ This is a content summary only.

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Competitive Strategy – 7 Ways to Avoid “Never and Always”

BrainZooming

They reported the team’s defensive coordinator, Bob Sutton, told them that when planning competitive strategy , “I want to stay out of ‘never’ and ‘always.’”. What fantastic competitive strategy advice to incorporate this time of year as you implement new strategies.

Tips for Established Businesses to Survive the Startup Surge

InnovationManagement

So much has already been said about what smaller, fresh companies need to do in order to gain a competitive edge in a well-developed market, but how often do you think about what those well-established businesses should do to achieve the same?

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The Essential Connection Between Strategy and Innovation

Paul Hobcraft

Most organizations are seeking solutions to the necessary connections between Strategy and Innovation. Often it is within the strategies that should be outlined, lies the potential new spaces to play for innovation’s design. Strategy informs”.

How to Influence People and Drive Change

Leapfrogging

What can you learn about change from Baker’s Four Strategies of Influence? This style of persuasion is effective in competitive sales environments or environments in which people are open to debate and collaboration. When thinking about the best way to persuade someone to come around to your way of thinking, consider leveraging this framework, often referred to as Baker’s Four Strategies of Influence. Innovation business models innovation strategy

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How to be More Agile as Competitive Advantages Fade

New Market Advisors

For years, Columbia Business School professor Rita McGrath has been telling us that the traditional strategy of finding and exploiting a sustainable competitive advantage is becoming outdated. The breadth of its user base is certainly a competitive advantage.

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How to Improve Customer Experience in an Era of Choice

The essence of customer service throughout history hasn’t changed. What has changed, however, is how customers are able to interact. experiences for customers HOW TO CAPTURE THE VOICE OF THE CUSTOMER IN AN ERA OF CHOICE - SPIGIT 4 Historical changes in. But things have changed.

Our inabilities to adapt needs changing.

Paul Hobcraft

They become fixed, rigid and locked into their established ways, not adapting to the changes occurring around them. If we can’t adapt to changing times, we simply struggle to survive, that is the growing reality operating in today’s environment.

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How to Refresh Your Innovation Strategy in 2018

IdeaScale

Every lightbulb needs changing. Refreshing your innovation strategy is likely on your to-do list for 2018. Maybe you’re happy with your strategy, or just not sure how to improve. Did a new app change how you ate, worked out, commuted, organized your life?

104 Possibilities to Disrupt Your Brand Strategy

BrainZooming

A similar phenomenon applies to brand strategy. While success can breed success, it can also lead to blindness about the importance of trying to disrupt your brand strategy before something else comes along to topple your brand. 104 Possibilities to Disrupt Your Brand Strategy.

Tart-up or Start up? Two innovation strategies for established companies

Idea to Value

The mindset of competition and customer satisfaction in known areas is different from that of creating new business models. On the other hand, established companies have to penetrate silos and fortresses to get people to work on innovation-generated change. Tart-up strategies.

Business Model vs. Strategy: What’s the Difference?

CMOE

Military strategy is thousands of years old but the field of business strategy has only been around for about fifty years. Given these challenges, is it even possible to answer the question, “What is the difference between a business model and business strategy?”

6 Keys to Making Collaborative Innovation Successful

Speaker: Soren Kaplan, Founder of InnovationPoint

Th e advice and strategies contained herein may not be suitable for your situation, You Should. Web sites off ered as citations and/or sources for further information may have changed or. competitive advantage no longer exists. changing world. new competitive advantage—.

Where speed, innovation, technology and strategy collide

RTI Innovation Advisors

Old trading patterns and rules of engagement may be re-evaluated or may change entirely. Digital transformation - a "third wave" of information technology that creates an entirely new way to capture real time data and perhaps make sense of that data on the fly, could radically change how businesses operate, how they make money and how they interact with customers, consumers and suppliers. The pace of change - a common refrain in my writing - seems to only accelerate.

Is Your Innovation Problem Really a Strategy Problem?

Tim Kastelle

This dangerous obstacle to innovation is described by Nilofer Merchant in The New How as “the empty void in an organization between the high-level strategy conjured up in the stratosphere and the realization of that vision down on the ground.”. Innovation and strategy are tightly linked.

10 Red Flags That Your Change Management Program is Poor

MSSBTI

One of the greatest challenges of helping organizations with Change Management is that they often believe they are already doing it. After all, if you have a good leadership team that communicates with employees, they must be capable of leading change.

Change Your Thinking, Improve Your Results

Daniel Burrus

Change Your Thinking and you will Change your Results. Like legacy technology, legacy thinking refers to thinking, strategies and other actions that, in their own way, are outdated. We are now in a period of transformational change.

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11 Proven Ways to Turn Your Culture into a Culture of Innovation

today’s hyper competitive. culture is the only sustainable competitive advantage that is completely within the control of the. corporate strategy. All it took was that one mandate to spark change. innovation and/or strategy in their job titles. 11 Proven Ways to.

Why We Must Change Our Mental Models from Hierarchies to Networks

Innovation Excellence

Once you start thinking in terms of networks rather than hierarchies, it becomes clear that we must change how we do things; and not just within organizations, but also in how we approach a competitive marketplace.

Change Management Alone Isn’t Enough for Digital Transformation

MSSBTI

There is no doubt that digital transformation (DX) has become and will continue to be a primary driver of change in organizations for the foreseeable future, and it requires executives to think about change differently. Enterprise Change Strategy & Structure.

Business Model Strategies & Tools for Disruptive Digital Innovation

Leapfrogging

Here are 5 Business Model Strategies and Tools for Strategic Business Growth. From retailers like Blockbuster and Borders Books to tech giants like Nokia and Blackberry, seemingly untouchable brands have been caught off guard by rapidly changing business landscapes.

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Strategy to Execution to enable Intelligent Enterprise

Rmukesh Gupta

All organisation have a stated strategy – one that they would like to execute on. However, most organisations are not able to execute the stated strategy, which leads to the organisation not being able to live up to its potential and deliver what they promise to their stakeholders. All of these need to be accounted for when the strategy is being defined or tweaked. . Each one of them will make decisions based on what they think is the strategy. Premise.

Measuring Innovation Performance

competitive advantage or be a USP, is what drives every organization. with the overall business strategy How much risk they carry What the trade-o?s customers, IP licensing or royalty Measuring ideas Ideas matter because they have the power to change the world.

4 Radically Practical Strategies to Elicit Commitment & Accountability in Today’s Climate of Change and Disruption

MSSBTI

If the title of this article got your attention, it probably means you are experiencing the turbulent environment of overwhelm and change that many companies of all sizes are experiencing today. learning and growth, achievement and responsibility, changing the world in a valuable way, etc.)

Developing an agile innovation strategy

Idea Drop

This may sound daunting and unachievable but this is exactly why an agile approach is required, as it helps you tackle change in incremental stages. Innovation is no longer a choice, it is a necessity to stay ahead of the competition, and an agile strategy can help you achieve it. “It’s

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When Substitutes, Not Direct Rivals, Pose the Most Serious Competitive Threat

Michael Roberto

Source: Pixnio Years ago, many strategy faculty members used to teach an old Harvard case study about the breakfast cereal industry. Things have changed. There’s a lot more competition for breakfast than there ever has been,” General Mills Inc. competition strategy substitutes

The Merits of Innovation in a Competitive World

Daniel Burrus

Focusing time and resources on your competition limits businesses’ innovation potential for greater success, and prevents them from being leaders in their field. Instead, it is focused on what its competition is doing, and how to either replicate or incrementally improve on those products, services and practices. To remain in this aggressive competitive cycle is to hinder the possibility of getting ahead — a business cannot ‘win’ if it solely fixates on the race.

Corporate Vision: How To Translate Strategy Into Meaningful Execution

The Future Shapers

As soon as I answered the phone, Jon launched into a massive change of plan…. “Hi Throughout the following article, I will endeavour to share my practical experience of what of what it takes to connect corporate vision and strategy to the daily running of the business.

Which pace of change to align to?

RTI Innovation Advisors

You've heard it before - the pace of change is accelerating. Change is real, and change is accelerating. Whether we are talking about change in your global markets, in your industry or in your customer base, change is everywhere. The real question isn't: should we change? Having seen this, we can draw several conclusions: the pace of change is accelerating, and the more reliant you are on the internet or virtual solutions the more you need to accelerate.

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Does culture eat strategy for breakfast?

Innovation 360 Group

The uber-quoted and widely disseminated statement by Peter Drucker that “Culture eats strategy for breakfast,” which, by the way, was never said by Drucker , clearly shows how a culture of opportunism and common wisdom create simplified truth hindering the success of innovation management.

Is Your Change Management Building a Building, or Planning a City?

MSSBTI

In a previous article , we discussed the level of change management required for a company to achieve true transformation. Ironically, as the companies mature, their change management competency becomes less mature. What is the leadership’s attitude toward change management?

Agility and Anticipation, a Tale of Two Business Strategies 

Daniel Burrus

When the competition launches a new product, how do you react? Chances are, you act quickly and decisively to address the changing factors and conditions. In short, you use agility to change directions and head the competition off at the pass.

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What Are The External Actors For Change?

The Human Factor

When business owners think of change, they often picture themselves as being the leader who brings change to the company. In reality, change is a response to a variety of factors. Using the same approach, you can identify the external actors that force change upon a business.

Outside-In Innovation Strategy – 2 Ways to Take a Fresh Look

BrainZooming

He told me how difficult it is for the organization to consider an innovation strategy. 2 Ways to Take a Fresh Look at Outside-In Innovation Strategy. Additionally, our conversation suggested an intriguing innovation strategy role.

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What Appears To Be Strategy…Isn’t

Matthew May

And what appears to be strategy, isn’t. The third is the real surprise, showing up with alarming frequency in my strategy facilitation engagements. What so many people refer to as their strategy is in reality something else entirely. But thinking is the main event of strategy…thinking about how to be unique, not be the same. “Strategy doesn’t work in a fast-changing world.” Strategy Uncategorized

Business Strategy – How to Handle Confidential Information

BrainZooming

The business strategy focus revolved around how an executive can maintain confidences while employing confidential information to best benefit his or her organization. It is a topic relevant to any senior executive immersed in business strategy. Handling Business Strategy.

Social Media Strategy – Helping the C-Suite Understand Social 

BrainZooming

” The presentation, which I will expand as the closing keynote at the Social Media Strategies Summit in Boston on October 21, 2015, revolved around multiple analogies related to social media strategy and content marketing. The stakes are big for this competition.

The Pressing Need to Link Risk into an Innovation Strategy- part one

Paul Hobcraft

So in a three-part series I want to set risk in a better strategic and operational framework but to begin with until we address the alignment issue between a firm’s strategy and the linkage of the innovation activities, innovation fails to make the essential boardroom connections.