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.

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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.

Organizational Culture: A Competitive Weapon

Daniel Burrus

An anticipatory strategy that addresses culture clash is the importance of enhanced collaboration—the value of promoting an environment where organizations, people and resources voluntarily come together to boost the common good. An organization’s culture is one of its most singular aspects.

Succeeding with Innovation & Transformation

Speaker: Magnus Penker, CEO & Founder, Innovation360 Group

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.

Strategic Drift: How to avoid losing competitive advantage

Cascade Strategy

Of course, hindsight is 20/20 and it’s much easier to understand trends 10 years after the fact, we've already written about some of the worst business strategies in another article. What is strategic drift? If you fail to adapt to your environment your business will suffer.

Platform Revolution: How Platforms Change Strategy with Geoffrey Parker

Game-Changer

He is the co-author of Platform Strategy , a book about the new competition and how digital platforms change competitive strategy. Do companies face competition with platform businesses within their own industry or from other sectors as well?

A Sniff Test for Strategy

Innovation Excellence

When it comes to developing strategy using the Play-to-Win framework, the most difficult question to answer is “How will we win?” Strategy competition scenario planning

Complacency won’t Just Hold you Back, It’ll Accelerate the Competition.

Daniel Burrus

But, like other issues that the future can hold, there are strategies to anticipate the challenges that complacency can create and to address them as proactively and effectively as possible. The post Complacency won’t Just Hold you Back, It’ll Accelerate the Competition.

The Magic Question of Strategy

Innovation Excellence

Your grand strategy seems airtight on paper. You’ve identified the competitive advantages that will enable you to win in your chosen spaces. Strategy competition Customer Segmentation Effective Leadership Roger MartinYou’ve arrived at a winning aspiration.

Business Models Changing the Landscape of Growth and Innovation

Speaker: Cheryl Perkins, Founder and President, Innovationedge

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”.

Implementation is Your New Competitive Advantage

InnovationManagement

When it comes to implementation there are three things that companies ought to be thinking about in order to maintain a competitive advantage: process, feedback, and the importance of having multiple stakeholders from the beginning. Strategies feedback IdeaScale open innovation process Stakeholders

The Whole Foods Strategy…Isn’t (Whole)

Matthew May

The Trader Joe’s strategy is rock solid, and the proliferation of the brand (not to mention top and bottom line growth) is proof positive. So, Whole Foods is taking a Trader Joe’s strategy in launching its 365-brand stores. The Whole Food strategy isn’t a whole strategy.

A Strategy Test: Does It Nest?

Matthew May

A few days ago, as I was waiting for an item I purchased in my local Apple store to be brought out to me from the back of the store, I had the opportunity to observe Apple’s frontline strategy be played out in front of me. You may have a great corporate strategy at the top of the organization.

Why Less is More: Product Strategy

Innovation Excellence

Innovation Product Innovation Strategy Competitive Advantage Competitive Strategy differentiation Marketing Strategy michael graber product strategy Southern Growth StudioAnxiety floods the boardroom, the conference rooms, every decision. Costs are rising.

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 Measuring innovation performance Our innovation campaigns prove that there is a way to. measure innovation performance.

PBTO44: Out-think, Out-pace & Out-Wit your competition with Lakshmipathy Bhat

Rmukesh Gupta

Instead of Outspending your competition, outwit your competition. Out-think in product development and outpace competition in execution. Start with a business strategy, which should drive marketing/advertising/digital. Who is on the show today.

Branding Strategy – The Best Brand Promise EVER

BrainZooming

Great branding strategy examples abound. If your organization specializes in one particular area, your branding strategy discussions should include the question: “If our customers can think it, can we make it?”

How Do You Make It Difficult For The Competition To Copy?

Innovation Excellence

Businesses can get so wrapped up in all the excitement of an innovation idea they tend to give very little time to what the competition might do once the innovation has launched. Creativity Innovation marketing Product Innovation Strategy ideas innovative thinking

How to be More Agile as Competitive Advantages Fade

New Markets 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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Innovation: The New Competitive Equation

BPI Thought Leadership Media Coverage

This month, the& Busines Performance Innovation (BPI)& Network& published a report,Innovation: The New Competitive Equation. The report examines innovation strategies and roadblocks in today's enterprise.

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.

How to Refresh Your Innovation Strategy in 2018

IdeaScale

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. One common problem in innovation strategy is that businesses grow, and what originally worked might simply be too constraining.

Complacency Won’t Just Hold You Back, It’ll Accelerate the Competition

Daniel Burrus

But, as with other issues that the future can hold, there are strategies to anticipate the challenges of complacency and address them as proactively and effectively as possible. Anticipatory organizations are always looking forward.

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. To survive and thrive established companies have to choose between two sets of strategies – tart-up or start-up. Tart-up strategies.

Where speed, innovation, technology and strategy collide

Jeffrey Phillips

Impact on strategy and innovation What does this mean for two concepts near and dear to my heart - strategy and innovation? If strategy is a "plan of action designed to achieve a major aim" then what should our strategies look like as we encounter a competitive environment with little stability and a significant amount of change? We will need new strategy, and maybe even new strategic tools in order to operate under these new conditions.

Brief Clip from The Great Courses lecture series on Competitive Strategy

Michael Roberto

competitive positioning straddling strategy

How Do You Define INNOVATIVENESS? Getting it Wrong Could Cost You

InnovationManagement

Leadership Strategies business development business growth Communication Competition customer experience cx goal setting Innovation Management innovative people innovativeness leadership management team building understanding competition understanding innovation

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?”

Today, You Need More Than A Market Strategy, You Need An Ecosystem Strategy

Digital Tonto

Collaboration has become the new competitive advantage Related posts: Amazon’s Purchase Of Whole Foods Shows Why Every Industry Needs An Ecosystem. 2014: Year Of The Open Ecosystem. The New. [[ This is a content summary only. Visit my website for full links, other content, and more! ]]. All Posts Management Ecosystems

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.

Is Social Media Part of Your Product Innovation Strategy?

IdeaScale

That creates a truly powerful resource of creativity on which to draw for your innovation strategy. Here’s how, and when, to use social media as part of your innovation strategy. Want to learn more about social media and innovation strategy?

Getting to Yes Quickly: How Amazon Out-Innovates the Competition

Planview Spigit

How does tech titan Amazon out-innovate its competition time-after-time? In an article on Business Insider , CEO of Amazon Web Services – Amazon’s cloud computing business – Andy Jassy discussed what makes the massive billion dollar company different from the competition: “When our leaders walk into a meeting, they are looking for a way to say yes.” The post Getting to Yes Quickly: How Amazon Out-Innovates the Competition appeared first on Spigit.

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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Business Model Strategies & Tools for Disruptive Digital Innovation

Leapfrogging

Here are 5 Business Model Strategies and Tools for Strategic Business Growth. Why is creating competitive differentiation increasingly difficult? Do we need a new strategy and business model? Want Disruptive Digital Innovation?

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4 Strategies For Winning Over Innovation Naysayers

Leapfrogging

Of course the best way to hang wet blankets out to dry is to make them irrelevant in the first place—not by spending time pontificating on the innovation process itself but rather by taking bold actions to role-model real innovation that leapfrogs the market and the competition

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.

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.

Trade Promotions: Strategies, Best Practices and Tools

Acuvate

So we dug out some trade promotion strategies that have proven their worth when it comes to skyrocketing your sales. Trade promotion strategies that increase sales. Your trade promotion strategy should include temporary price reductions to appeal to this segment of the shoppers.

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Role Playing the Competition

Michael Roberto

When formulating strategy, leaders should ask members of their team to role play the competition from time to time. However, companies should also consider a very different scenario when role playing the competition. Then, leaders want to challenge their teams: How would we take full advantage of that stumble by the competition? Effective strategy formulation is not simply about anticipating the worst case scenario. competition role plays strategy

Getting to Yes Quickly: How Amazon Out-Innovates the Competition

Planview Spigit

How does tech titan Amazon out-innovate its competition time-after-time? In an article on Business Insider , CEO of Amazon Web Services – Amazon’s cloud computing business – Andy Jassy discussed what makes the massive billion dollar company different from the competition: “When our leaders walk into a meeting, they are looking for a way to say yes.” The post Getting to Yes Quickly: How Amazon Out-Innovates the Competition appeared first on Spigit.