The successful identification and calibration of technological and market opportunities, the judicious selection of technologies and product attributes, the design of business models, and the com- mitment of (financial) resources…
In order to understand financial implications of a certain market strategy it is necessary to analyse the revenue stream that is generated besides the existing strategy cost structure. Setting the…
Selecting people who have characteristics that seem to be related to creativity is not the only option for organizations that seek to increase their innovativeness. Providing specific and difficult goals…
The world’s network of interactions has undergone several profound changes. First, the total volume of interactions has grown. The markets of “interaction enablers” (e.g. telecommunication services, Internet, and media) as…
Hyper-competition results in increased complexity and weaker signals for companies. Strategies that face and embrace complexity are emerging in organizations built around maximizing interaction value rather than minimizing interaction cost.…
In contexts where product innovation is a crucial competitive weapon, dynamics related to knowledge are of utmost importance. New knowledge may turn into new products, making possible a strategy of…
The most commonly recognized signal of a need for strategic change is an acute crisis signalled by financial losses, a significant fall in market share and a rapidly falling share…
Partnership sourcing is defined as the process of building long-term, mutually beneficial relationships between customers and suppliers. It is a commitment regardless of size – based on trust and clear,…
It is generally recognized that there are at least two fundamental types of commercial success standards that may be used to set goals and objectives: financial and competitive. However, two…
The degree of strategic change is dictated by a number of factors. As discussed in the next chapter, manufacturing technology, huge comput- ing power and the Internet are leading many…
Outsourcing is becoming more common in all areas of business. The point at which a company starts to outsource its distinctive capability is the point at which it can conceivably…
In developing the future business model the capabilities have to be developed and decided. But, even with the introduction of the Internet and a whole new range of capability requirements,…
New economy industries face competition based on short cycle times, and competition on time is highly concerned with first-mover advantages. The first mover must create demand for a product’s functionality…
Venture capitalists heavily weight business models — ways in which firms can extract rents from their nets of activities — in their funding decisions, and the structure of a firm’s…
The new economy is a world where journalists adulate the virtual firm — a company that sits in the middle of a network of electronically linked alliances, but owns few…
An effective vertical strategy involves the continuous process of re-designing task responsibilities (in collaboration with suppliers and customers) to create greater value- added internally in ways that leverage a firm’s…
All but the most simple products contain very large numbers of features. In theory, every feature of every unit produced could be inspected and judged against the require- ments. However,…
Evaluating team performance involves the same principles as evaluating performance in general. Before one can determine how well the team’s task has been done, a baseline must be established and…
Benchmarking can be defined as measuring your performance against that of best-in-class companies, determining how the best-in-class achieve those performance levels, and using the information as the basis for your…
Strategic quality requires that quality be defined as more than simply the absence of defects or the reduction of variation. These quality definitions are internally focused. Quality must be defined…