Posts

Showing posts with the label Strategy

The Balanced Scorecard: Translating Strategy into Action by Robert Kaplan and David P Norton

Image
THE BALANCED SCORECARD : TRANSLATING STRATEGY INTO ACTION BY ROBERT KAPLAN AND DAVID P NORTON The Balanced Scorecard  translates a company's vision and strategy into a coherent set of performance measures.  The four perspectives of the scorecard--financial measures, customer knowledge, internal business processes, and learning and growth--offer a balance between short-term and long-term objectives, between outcomes desired and performance drivers of those outcomes, and between hard objective measures and softer, more subjective measures.  In the first part, Kaplan and Norton provide the theoretical foundations for the Balanced Scorecard; in the second part, they describe the steps organizations must take to build their own Scorecards; and, finally, they discuss how the Balanced Scorecard can be used as a driver of change. The Balanced Scorecard is a framework to implement and manage strategy by linking a vision and mission to strategic priorities, objectives, measures, a...

Your Strategy Needs a Strategy: How to Choose and Execute the Right Approach by Martin Reeves, Knut Hanaaes and Janmejaya Sinha

Image
YOUR STRATEGY NEEDS A STRATEGY : HOW TO CHOOSE AND EXECUTE THE RIGHT APPROACH  BY MARTIN REEVES, KNUT HANAAES  AND JANMEJAYA SINHA You think you have a winning strategy. But do you? Executives are bombarded with best-selling ideas and best practices for achieving competitive advantage, but many of these ideas and practices contradict each other. Should you aim to be big or fast? Should you create a blue ocean, be adaptive, play to win - or forget about a sustainable competitive advantage altogether? In a business environment that is changing faster and becoming more uncertain and complex almost by the day, it's never been more important - or more difficult - to choose the right approach to strategy.  In this book, The Boston Consulting Group's Martin Reeves, Knut Haanæs, and Janmejaya Sinha offer a proven method to determine the strategy approach that is best for your company.  They start by helping you assess your business environment: how unpredictable it is, how ...

Blue Ocean Strategy : How to Create Uncontested Market Space and Make the Competition Irrelevant by W Chan Kim & Renee Mauborgne

Image
BLUE OCEAN STRATEGY : HOW TO CREATE UNCONTESTED MARKET SPACE AND MAKE THE COMPETITION IRRELEVANT  BY W CHAN KIM & RENEE MAUBORGNE Professors Chan Kim and Renée Mauborgne introduced the concepts of red and blue oceans in their international best-seller  Blue Ocean Strategy. The goal of a Blue Ocean Strategy is for organizations to find and develop “blue oceans” (uncontested, growing markets) and avoid “red oceans” (overdeveloped, saturated markets). A company will have more success, fewer risks, and increased profits in a blue ocean market. In this perennial best seller, embraced by organizations and industries worldwide, globally preeminent management thinkers W. Chan Kim and Renee Mauborgne challenge everything you thought you knew about the requirements for strategic success.  Recognized as one of the most iconic and impactful strategy books ever written,  Blue Ocean Strategy , now updated with fresh content from the authors, argues that cutthroat competition ...

The Unemployed Millionaire_ Escape the Rat Race, Fire Your Boss and Live Life on YOUR Terms! by Matt Morris

Image
THE UNEMPLOYED MILLIONAIRE ESCAPE THE RAT RACE, FIRE YOUR BOSS AND LIVE LIFE ON YOUR TERMS  BY MATT MORRIS In  The Unemployed Millionaire , Morris reveals how he turned his life around and shatters the myth that it takes money to make money. Thanks to the Internet explosion and the ease of global trade, it is possible for anyone to start a business and market their products worldwide to millions of customers. A self-made millionaire shows you how to make millions while living life on your own terms At just eighteen years old, Matt Morris founded his first marketing business. At twenty, he dropped out of college to pursue business full-time. At twenty-one, he was homeless and deeply in debt, living out of his car. It was then that he made a life-changing decision to re-invent himself and his career. By twenty-nine, Matt was a self-made millionaire. How did he do it? In  The Unemployed Millionaire , Morris reveals how he turned his life around and shatters the myth that it...

The Fourth Industrial Revolution by Klaus Schwaub

Image
THE FOURTH INDUSTRIAL REVOLUTION  BY KLAUS SCHWAUB We all studied the First Industrial Revolution at school. In which the steam engine patented by James Watt in 1769  played an important role. The one that meant the transition from an agricultural economy to an industrial one. The First Industrial Revolution, in short,  was the most revolutionary economic, technological and social transformation the world had ever seen.  More than two centuries later, the Fourth Industrial Revolution is causing an even bigger stir. Definition as per Klaus Schwaub from the book.   "The Fourth Industrial Revolution creates a world in which virtual and physical systems of manufacturing cooperate with each other in a flexible way at the global level".   To analyse how we have reached the Fourth Industrial Revolution it is a good idea to look back at the previous three industrial revolutions, how they changed our lives and the world when they occurred. Let's take a quick look a...