Basic business strategies, such as product differentiation, cost leadership and market expansion, can be adjusted to suit your company’s resources and individual needs.

Success is when that strategy generates a sustainable, above industry average profit. Competencies of Strategic Initiative LeadersYou are encouraged to follow this blog on strategic initiatives and its sister blog on strategic thinking competence: Four Recommendations for Effective Program GovernanceGrasping Essentials When You’re NOT the ExpertHSBC’s Powerful Idea: Separate “Change the Business” from “Run the Business” | Leading Strategic InitiativesStrategic Initiative Steering Teams: A Sharp or Dull Blade? Sorry, your blog cannot share posts by email.
Consequently, strategy in general is concerned with the relationships between ends and means, between the results we seek and the resources at our disposal. Email check failed, please try again A Guide to the Three Types of Strategy and Business Model ScopeBeginners Guide: Competent Strategic InitiativesVolatility, Uncertainty, Complexity, & Ambiguity (VUCA)When we are considering strategic initiatives, we are more concerned with what Better Conversations Generate Better StrategyFive Ways to Involve Smart New Voices in the Strategy & Agile Innovation ConversationIs it Possible to Have a Perfect Strategy? Porter identifies three generic strategies for competitive advantage: A blue ocean is an emerging, growing business arena; potential competitors have not yet identified it and the opportunity for success is large.As implied by the graphic, functional-level strategy is the foundation that supports both corporate-level strategy and business strategy. The only question I would have is whether you need a business level strategy and a business model if the corporate level strategy is not enough for a complex organisation.Tools and insights for turning vision into resultsHow to Energize Strategic Initiatives with OutcomesHow to Prioritize Strategic Initiatives | Leading Strategic Initiatives“Swiss Life increased its net profit in the first half of 2010 over the prior-year period from CHF 139 million to CHF 269 million. Strategy and tactics are both concerned with conceiving and then carrying out courses of action intended to attain particular objectives.

This kind of strategy is concerned with market definition: what businesses and markets do we want to be in? A blue ocean … Three Types of Strategy 1. Business Strategy 2. For the most part, strategy is concerned with how you deploy or allocate the resources at your disposal whereas tactics is concerned with how you e… Typically, documents portraying functional strategy will list estimates and plans for operating expenses, headcount, and continuous improvement.A business model is a strategic management tool that managers use to describe the creation, capture, and delivery of economic value, commonly called the Create a free website or blog at WordPress.com. Strategy is about how a company picks which activities it engages in. – A Useful Communication Tool for Critical Situations | Leading Strategic InitiativesThis kind of strategy is concerned with market definition:Hi Greg: This is a good way to break different strategies up. Too often, project portfolios are driven by less-strategic priorities such as ROI (a business value metric) or resource availability.Vision into Results….Introducing Leading Strategic Initiatives | Leading Strategic InitiativesSuccess Principles for Strategic InitiativesCase Study: Intel Beyond 2003 | Rumahku Di Dunia MayaStrategy as Problem Solving: An Example from a Large Technology Organization.S.T.I.C.C. What’s the #Strategy? | Leading Strategic InitiativesStrategic Planning Issues for Strategic InitiativesI don’t think that you’ll get too much argument that the priorities for selecting strategic initiatives should be in this order:Two Tools for Describing Strategic Context (Strategic Thinking Part 3)Eight Distinctions between Portfolio Management & Program Management | Leading Strategic InitiativesA Master List of Questions for Strategic Initiatives | Leading Strategic InitiativesHow a Strategic Decision Differs From a Tactical DecisionFill in your details below or click an icon to log in:Need a strategic planning facilitator, implementation coach, neutral mediator, workshop, seminar, or hands-on program manager? A red ocean is a market where competitors bloody each other up fighting for market share. Understanding these strategies will give you a competitive edge and help you make smarter business decisions. & Business Drivers | Leading Strategic InitiativesSeven Must-Do’s for Better Strategy ExecutionThe Real Reason Strategy Implementation is Difficult (and the Solution to It) View all posts by Greg Githens Strategic Initiative Benefit Propositions (Part 1): Identifying the Duties of Internal Stakeholders | Leading Strategic InitiativesThe problem occurs when managers miss the nuance about the three types of strategy and make too many assumptions about strategic alignment and the scope of change that is needed to (or within) the business model. Strategy, in general, refers to how a given objective will be achieved.

Contact him at [email protected] or 419.424.1164How to Identify Strategic Assumptions | Leading Strategic InitiativesDesigning Strategic Initiatives for Results: The Two Kinds of Coherence Greg Githens provides coaching, workshops, hands-on, and more.