Sectoral patterns of innovation taxonomy
Work of Pavitt (1984) suggests a taxonomy of sectoral patterns of innovation. He argues that the rate and direction of technical change in any sector depends on the sources of…
Collaborative Innovation Challenges
Collaborative innovation concerns the actions that are promoted and encouraged as a consequence of satisfactory partnership activi- ties such as joint working and common initiatives. It is this aspect of…
Customer Value Processes Disintegration Risks
Demanding markets are creating new types of challenges for managers in supplier organizations. Powerful customers increasingly demand that sellers provide problem-solving and creative thinking about their business. They require the…
Challenge Driven Enterprise Strategy
Modern corporations are expected to design their strategy processes to anticipate the future, identifying new opportunities to drive profits, investing in high return initiatives, disinvesting in low- performing businesses or…
Connect + Develop Innovation Strategy: Procter & Gamble case
Since the early 2000s, P&G has been asking its businesses, “What consumer needs, when addressed, will drive the growth of your brands?” This perennial exercise—managed by a large team of…
Success Criteria for Organization Design
Organization designs both institutionalize and enable positive aspects of culure and frustrate other aspects of culture. If the underlying culture is at odds with a new design, it is likely…
The Limits of Strategy
Strategies were neither designed nor implemented in controlled environments. The longer the sequence of planned moves, the greater the number of human agents who must act in particular ways, the…
Risk Instability Indicators and Exchange Rates
The private sector has over the past few years been hard at work creating “risk appetite indicators” to measure overall conditions for risk tolerance across currency and asset markets. Within…
Shifting Financial Risks Critical Survival Factors
Financial services companies offer dozens of elaborate risk management services. A wide range of financial products, collectively known as derivatives, designed to help industry players hedge risk, has grown to…
Finance Globalization Impact Analysis
We are witnessing the emergence of a truly global financial marketplace. While the origins of this phenomenon were in the globalization of the non-financial products and services markets, financial globalization…
Business Valuation Decisions are made Differently
Coming from all types of backgrounds, valuation practitioners bring their experience and biases with them. Even day traders are influenced by insights on valuation. When we talk about valuation practitioners,…
Forecasting Market Evolution and Demand Volume
How far ahead must businesses forecast markets and plan their actions? This question is far from an intellectual curiosity; event certainties, the value of money, and many other factors diminish…
Value-Based Management
As known, the value of a firm is based on the present value of its future cash flows. In fact, there are two distinct components: (1) present value of…
Dynamic Capital Management
Most organizations allocate capital in the annual budget, though they may not allocate much of that capital to specific projects. In other words, a percentage of allocated capital is subject…
Strategic Change Requirements
Strategic change is about ensuring that the organization is consistently relevant in its market arenas. The very essence of strategy involves exploiting change before your competitors do. So in order…
Six Sigma Strategy Benchmarking
In order to understand why Six Sigma might be considered a component of business strategy, it is first necessary to realize its purpose and application. Fundamentally, sigma represents a standard…
Financial Ratios Patterns
There are two issues of concern for financial ratios and their interaction with economic activity. These two issues are the interaction of cyclical and secular (longer-term) patterns and the role…
Customer-Centric Strategies
Many customers want relationships with key suppliers. Customers want close relationships through which they can engage in dialogue with suppliers for the purpose of detailing their customization desires. These dialogues…
New Equities Business Opportunities
In the past decade, almost all of the conditions affecting competition in the equities business have changed and are still changing. Not the least is the widespread availability of financial…
Static and Dynamic Competitive Innovation
Dynamic competition is a style of competition which relies on innovation to bring forth new products and processes and concomitant price reductions. It improves both productivity and consumer welfare. Dynamic…