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Determine What Type of Strategy is Right for Your Business via PORTER’S GENERIC STRATEGIES

Porter Generic Strategies can help companies make the best choice for their organization to succeed in the business and generate a profit. Michael Porter identifies 3 strategies for achieving a competitive edge in his book “Competitive Advantage: Creating and Sustaining Superior Performance.” These are Cost Leadership Strategy, Differentiation Strategy, and Focus Strategy. Main Benefits of...

Manage Current Performance While Maximizing Future Growth via MCKINSEY’S THREE HORIZONS OF GROWTH

The Three Horizons approach was developed by Steve Coley, a McKinsey Director Emeritus, to guide businesses to sustain their current performance while considering future opportunities and innovations for growth. Main Benefits of McKinsey’s Three Horizons of Growth McKinsey’s Three Horizons of Growth model helps you: Ensure sustainable growth Maintain a balance between your current business...

Defend Your Innovation Against Imitators via TEECE’S WIN-LOSE INNOVATION MODEL

Teece’s win-lose innovation model was named after the economist David Teece who created this framework for companies that want to capitalize on their innovations and turn them into their comparative advantage. Main Benefits of TEECE’S WIN-LOSE INNOVATION MODEL Teece’s win-lose innovation model helps you: Protect your innovation from the imitators Turn your innovation into a...

Execute a Complex Strategy Successfully with PMESII-PT

PMESII-PT is a tool that stands for Political, Military, Economic, Social, Information, Infrastructure, Physical Environment, and Time. It was developed by the army of the United States to structure large amounts of information and formulate a robust strategy. Main Benefits of PMESII-PT  PMESII-PT helps you: Understand the environment you newly entered Organize a large amount...

Craft a Well-Thought Business Strategy via Lafley and Martin’s FIVE-STEP STRATEGY MODEL

The Five-Step Strategy Model, developed by A.G. Lafley, and Roger Martin, is a step-by-step strategic planning tool. Main Benefits of FIVE-STEP STRATEGY MODEL FIVE-STEP STRATEGY MODEL helps you: Build a coherent strategy Focus on the most critical aspects of strategic planning Clarify your thoughts with its question-based structure. Explanation of FIVE-STEP STRATEGY MODEL Regardless of...