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In the dynamic realm of business, securing a strategic advantage is crucial for organizations to flourish and achieve enduring success. "The Strategic Edge" is an all-encompassing manual that provides leaders, business owners, and CEOs with the necessary knowledge and tools to master the intricacies of strategic management and realize their organization's full potential. Emphasizing practicality and application in the real world, the book delivers invaluable insights into potent business strategies that yield tangible outcomes. It dissects key elements of strategic management, offering a guide for developing and implementing robust business strategies. The book covers the essentials of business strategy, from formulating a powerful vision to dissecting the business environment and establishing clear goals, setting the foundation for strategic superiority. It instructs on creating a competitive edge, selecting optimal market entry tactics, and leveraging strategic alliances. It reveals how to craft a sound strategic plan, promote effective leadership, and assess strategic performance. It provides perspectives on propelling strategic initiatives, judicious resource allocation, and adjusting to the ever-evolving market conditions. It examines approaches for market growth, enhancing value through mergers and acquisitions, and risk management during crises. "The Strategic Edge" further investigates sustainable business practices, harmonizing profitability with societal contributions for a beneficial impact. It underscores the significance of strategy implementation and assessment, from inception to realization, to guarantee lasting achievement. Seize the opportunity to obtain the strategic edge in the contemporary, fast-paced business environment. Acquire "The Strategic Edge" and embark on a transformative path to strategic mastery. For veteran executives, emerging leaders, or entrepreneurs, this publication serves as your guidebook.
Are you missing opportunities for growth that are right in front of you? In today’s volatile economic environment, filled with uncertainty and sudden change, the forces pushing you to stay focused on the core business are extremely powerful. Profiting from the core is crucial, but the danger is that overfocus on the core can blind companies. Scanning the horizon for new markets and new products can also be tempting, but risky. Fixating too much on either strategy can cause you to miss the substantial opportunities for growth that are often hidden in plain sight, at the edge of the core business. In this insightful yet practical book, strategy experts Alan Lewis and Dan McKone articulate a mindset that helps leaders recognize and capitalize on these opportunities. The Edge Strategy framework challenges how the boundaries of your existing products and services map to your customers’ views of the world and then provides three different lenses through which you can see and leverage value: • Product edge. How to capture incremental profits and other benefits by slightly altering the elements and composition of a core offering • Journey edge. How to create and capture extra value by adjusting your role in supporting the customer’s journey to and through your offering • Enterprise edge. How to unlock additional value from resources and capabilities that support your core offering by applying them in a different context, for a different offering or different set of customers With engaging examples across many industries, Lewis and McKone coach you on how to identify and assess each of the different “edges” and then provide concrete insights and advice on applying edge strategy and tactics to use in specific business contexts. The book concludes with a ten-step process to help executives and managers find and leverage the edges in their own companies. Edge Strategy is the concise, hands-on guide for growing your business by getting more yield from assets already in place, relationships already established, and investments already made.
"In business, imitation gets a bad rap: some business leaders see imitators as 'me too' players forced to copy because they have nothing original to offer. In Copycats, Oded Shenkar challenges this viewpoint. He reveals how imitation - the exact or broad-brushed copying of an innovation - is as critical to prosperity as innovation, especially when the two are used together."--Inside jacket.
In their startling new book, authors Brown and Eisenhardt contend that to prosper in today's fiercely competitive business environments, a new paradigm--competing on the edge--must be implemented as a new survival strategy. This book focuses on specific management dilemmas and illustrates solutions that work when the name of the game is change.
How smart companies are opening up strategic initiatives to involve front-line employees, experts, suppliers, customers, entrepreneurs, and even competitors. Why are some of the world’s most successful companies able to stay ahead of disruption, adopting and implementing innovative strategies, while others struggle? It’s not because they hire a new CEO or expensive consultants but rather because these pioneering companies have adopted a new way of strategizing. Instead of keeping strategic deliberations within the C-Suite, they open up strategic initiatives to a diverse group of stakeholders—front-line employees, experts, suppliers, customers, entrepreneurs, and even competitors. Open Strategy presents a new philosophy, key tools, step-by-step advice, and fascinating case studies—from companies that range from Barclays to Adidas—to guide business leaders in this groundbreaking approach to strategy. The authors—business-strategy experts from both academia and management consulting—introduce tools for each of the three stages of strategy-making: idea generation, plan formulation, and implementation. These are digital tools (including strategy contests), which allow the widest participation; hybrid digital/in-person tools (including a “nightmare competitor challenge”); a workshop tool that gamifies the business model development process; and tools that help companies implement and sustain open strategy efforts. Open strategy has an astonishing track record: a survey of 200 business leaders shows that although open-strategy techniques were deployed for only 30 percent of their initiatives, those same initiatives generated 50 percent of their revenues and profits. This book offers a roadmap for this kind of success.
Case study research conducted in 1981 in nine US companies and seven Japanese companies.
Leaders and managers face tremendous pressure to keep their organizations moving forward successfully. It can seem like an impossible task amid economic uncertainty and hyper-competition. The roles of leader and manager tug us in opposite directions: managers seek stability and predictability, and leaders usually opt for turbulence and change. With so many companies asking their best employees to be both leaders and managers, it's no wonder that so much of the business world is dysfunctional. This guidebook explains how leader-managers work-and how to succeed in both roles. You can learn how to - leverage competing requirements for leading and managing change; - formulate effective operational and developmental strategies; - make decisions that address complex challenges and opportunities; and - help people through the anxiety and trauma of change. Whether you are a student seeking to understand the workplace, an employee rising up the ranks or an active leader or manager, Strategic Leadership and Strategic Management provides you with tools and knowledge to help your organization succeed.
How legacy firms can combine their traditional strengths with the power of data and digital ecosystems to forge a new competitive strategy for the digital era. How can legacy firms remain relevant in the digital era? In The Future of Competitive Strategy, strategic management expert Mohan Subramaniam explains how firms can leverage both their traditional strengths and the modern-day power of data and digital ecosystems to forge a new competitive strategy. Drawing on the experiences of a range of companies, including Caterpillar, Sleep Number, and Whirlpool, he explains how firms can benefit from data’s enlarged role in modern business, develop digital ecosystems tailored to their unique business needs, and use new frameworks to harness the power of data for competitive advantage. Subramaniam presents digital ecosystems as a combination of production and consumption ecosystems, which can be used by legacy firms to unlock the value of data at various levels—from improving operational efficiencies to creating new data-driven services and transforming traditional products into digital platforms. He explores the ways sensors and the Internet of Things provide new kinds of customer data; presents the concept of digital competitors—other firms that have access to similar data; discusses the new digital capabilities that firms need to develop; and addresses privacy and security issues associated with data sharing. Who needs this book? Any firm that wants to revitalize traditional business models, offer a richer customer experience, and expand its competitive arena into new digital ecosystems.
"GRASPED Strategic Edge" offers an in-depth exploration into the foundational strategies for achieving long-term business success. The book delves into various critical business strategies ranging from stakeholder analysis, break-even analysis, to more nuanced techniques like competitive analysis and positioning strategy. Each chapter is dedicated to a different strategy, providing readers with a comprehensive toolkit for navigating the complex business landscape. Through real-world examples, theoretical insights, and practical tools, the book aims to equip current and aspiring business leaders with the knowledge to make informed decisions, drive innovation, and sustain competitive advantage. What sets "GRASPED Strategic Edge: Mastering Business Fundamentals for Lasting Success" apart is its holistic approach to business fundamentals. Unlike other books that may focus on singular aspects of business strategy, this guide covers a wide range of essential topics. It blends analytical techniques with actionable strategies, making complex concepts accessible to readers of all backgrounds. The USP lies in its ability to serve not just as a reading material but as a comprehensive reference guide for business strategy implementation, appealing to both academic and professional audiences seeking to enhance their strategic thinking and business acumen. Embark on a transformative journey through the multifaceted landscape of business strategy with "GRASPED Strategic Edge." This book is a beacon for those navigating the tumultuous waters of the business world, offering clarity amidst the chaos. Through its pages, you'll uncover the secrets to mastering business fundamentals, turning obstacles into stepping stones for success. With each strategy unfolded, you're invited to reimagine the potential of your business practices, setting the stage for innovation, growth, and lasting success.