In today´s blog post, I’ll explain the 5 steps to create new ideas that help you lead your business out of the red competitive ocean into a new space where the competition is irrelevant – your own blue ocean. Overview ⇒ What are the 5 steps to create your own blue ocean? ⇒ Summary What […]
In today’s blog post, I will share another great visionary approach, the blue ocean strategy. What if you could consistently create new business where there is little to no competition? Let me show you how to use this strategy to create great results! Overview ⇒ What is a blue ocean strategy? ⇒ Who created this tool? ⇒ Summary […]
In today’s article I will share a brief introduction to the visionary approach to strategy and show when you could use this strategy. When is the visionary approach to strategy the right choice? Your company should consider taking a visionary approach when your company can reliably create or re-create an environment largely by themselves. For […]
In today’s article I will share a brief introduction to the shaping approach to strategy and show when you should use this strategy. What is the purpose of the shaping approach to strategy? Whenever the environment is unpredictable but malleable, your company has the extraordinary opportunity to lead the shaping or reshaping of a whole industry. And your company has […]
In today’s article I will share a brief introduction to the renewal approach to strategy and show when you should use this strategy. Why do we need a renewal approach to strategy? Because we live in a world of faster change, raising the likelihood that a company’s approach to strategy will become mismatched to the changing environment. It is so […]
What is the best strategy to build and maintain a successful company? The answer depends on your industry and environment and usually consist of more than just one approach. Depending on your needs you might want to adopt different strategies to be able to respond to changes in your industry and environment fast enough to […]
When is the classical approach to strategy the right choice for your company? In their book, Your Strategy Needs a Strategy, Martin Reeves and his co-authors,1 emphasized the importance of the classical approach to strategy for established and larger companies. A great summary of their work can be found in the Harvard Business Review2 or in the Boston […]
What is the best strategy to build and maintain a successful company? The answer depends on your industry and environment and usually consist of more than just one approach. Depending on your needs you might want to adopt different strategies to be able to respond to changes in your industry and environment fast enough to […]
In today’s blog post, I will share another useful business tool, the MoSCoW analysis. What is the MoSCoW analysis? The MoSCoW analysis is a popular prioritization technique for managing requirements and used in business analysis or project management. The purpose is to reach a common understanding with stakeholders on the importance they place on the delivery […]
In today’s blog post, I will share another great business tools, the Critical Success Factors (CSFs). What are Critical Success Factors? These are factors that will determine your companies success or failure. For example, sometimes it can be hard to get everyone in your team to focus on what really matters. That’s where Critical Success […]