The Age of xyz

The Age of xyz - TheAgeofxyz Neverhavesomanybeensooutof...

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The Age of xyz Never have so many been so out of  touch so well  HBR materials 1
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Strategic Leadership HBR materials 2 Partially from an article by Giovanni Gavetti July-Aug 2011,Harvard Business Review (HBR) - more from me. Leadership and Innovation are often times considered mutually exclusive domains (Especially by me) However They should not be! Strategist should cope and understand Competition Competition to a Strategist is a broad term, not narrow like it would be for a manager (~~Porter’s 5 forces) Porter says in his book on Competitive Strategy that:
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Your Advantage, Your Unique Position HBR materials 3 So the mistake is saying you are going to go do something: Take an Action “I am going to go International or go Global” – action “I am going to streamline my IT resources to maximize their efficiency or effectiveness.” – all actions (rs) Not Strategy Remember the “The Art Of War”? Understanding your competition however is a strategy Being an industry leader defines your position, but it
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Strategy is: HBR materials 4 Be better than our competition Be number one in our industry or industrial sector Competition is a key word in this understanding of IT. But what competition? Your direct competitors – GE versus Westinghouse Your customers are also in the competition part How to attract and hold customers external to your firm You and your competition are also fighting for the same set of customers
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The Search for Opportunities HBR materials 5 Opportunities exist to enhance our strategy or strategies Rivals provide insights as to how but not always to why Why, as you already know is a very powerful concept Strategy is equal to Chess, chess is strategy even though you move pieces on the board. It is a MIND Game! Look to see who is vulnerable! In both Customers and Competitors (C & C’s)
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Associational Thinking HBR materials 6 Generically it is often times called: “Thinking Outside the Box” The ability to see opportunities that are not directly or maybe even indirectly noted within your industry, sector, or even in business or technology.
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The Age of xyz - TheAgeofxyz Neverhavesomanybeensooutof...

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