Purpose – The Heart of Business
Elements of Purpose: Principle: The “Purpose” model by Hubert Joly is guided by the principle that purpose-driven organizations are more successful and resilient in the long run. It emphasizes the…
Elements of Purpose: Principle: The “Purpose” model by Hubert Joly is guided by the principle that purpose-driven organizations are more successful and resilient in the long run. It emphasizes the…
Elements of The Extended Marketing Mix 7 P’s: The Extended Marketing Mix, often referred to as the 7 P’s, is an expansion of the traditional 4 P’s of marketing (Product,…
Elements of Twelve steps in transformational Change: Recognize the scale of the challenge and don’t ignore it Consider where the barriers to change might be strongest Build a guiding team…
Elements of 5 Key Elements in Positioning Statement: Target market, buyers main problem, key benefit, competitors and features. Principle: Lists the five key elements to describe in any positioning statement.…
Elements of Business Development Paths: Path I & II are non Entrepreneurial, as growth not sustained – they fail or stay small as “lifestyle businesses” Path III & IV are…
Elements of Rejuvenating the mature business : Galvanize – start a recovery processSimplify and consolidateBuildExert leverage Principle: Rejuvenation is rather to be achieved in the four steps than a one-off…
Elements of Strategies for Declining Industries: Leadership Selective investment / Turnaround; Invest as appropriate to give real competitive advantage.Idea: Become one of the strongest in declining industry – low-cost or…
Elements of Classifying Organisation Structures: STRUCTURAL DIMENSIONS Simple Structure Machine Bureaudracy Organic Divisionalised Powercentralisation All at the top CEO and designers of workflow Scientistis, technocrats and middle managers Divisional Executives…
Elements of Feasibility of recovery: Slatter (1984); Four types of recovery Realistically non-recoverable Initially successful retrenchment but not sustained turnaround Sustaines survival Sustained recovery Principle: In a crisis stage change…
Elements of Symptoms of Decline: Decline in: Profitability, dividends, sales, debt, liquidity, market share, Raise of: Manager turnover Lack or delay of: Strategic thinking, Publishing financial results, Problem solving Principle:…