McKinsey 7’s Framework
Elements of McKinsey 7’s Framework: The Hard elements; Strategy, Structure, Systems The Soft elements: Shared Values, Skills, Style, Staff That needs to be aligned Principle: A watershed model that addresses…
Game theory – Prisoners dilemma
Elements of Game theory – Prisoners dilemma: Example payoff in years of jail Principle: Determines the options and payoffs of players Issues: Multiple players, win-win or zero-sum, changing the rules…
Framework
Risk
Strategy Direction
Strategy Priority
Strategy Subjects
Strategy Tools
Strategy Validation
Sustainability/Appropriability
Planning Gap
Elements of Planning Gap: Time and Value graph with growth initiatives Principle: Addresses where we want to go and where we can go realistically Issues: Risk increasing when closing gap…
Competetive Advantage
Environment Internal
Models
Strategy Choice
Strategy Direction
Strategy Subjects
Strategy Tools
Porters Generic Strategies Competitive advantage
Elements of Porters Generic Strategies Competitive advantage: Matrix mapping strategic tarket market and competitive advantage Principle: Describe how a company pursues competitive advantage across its chosen market scope – to…
Entrepreneurship
Management
Managing Finances
Managing People
Models
Strategy Direction
Strategy Priority
Strategy Subjects
Strategy Tools
Success
Rejuvenating the mature business
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…
Simple Competitive Strategy matrix
Elements of Simple Competitive Strategy matrix: Acknowledged differentiation and Relative price matrix Principle: Competitive strategy based on customer quality perception and price Issues: Over or under pricing Gap between customer…
Spheres of influence
Spheres of influence Elements of Spheres of influence: Five key planning elements Principle: Building arsenal of products and services Issues: Core business (Heartland) + logically related interests to Manoeuvre competitors…
Strategic Alternatives – Development & Growth
Elements Strategic Alternatives: Market Penetration– known skills and technology – just getting better Market Development – known skills and technology – new products or segments Product Development – known skills…
Management
Managing Finances
Models
Risk
Strategy Choice
Strategy Direction
Strategy Subjects
Strategy Tools
Strategy Validation
Sustainability/Appropriability
Strategies for Declining Industries
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…
Strategy Evaluation – Selection Criteria
Elements of Strategy Evaluation – Selection Criteria: Appropriateness, Feasibility, Desirability Principle: Factors influencing effectiveness of strategy A – start left & end right F – start up & end down…