Strategy isabout winningStrategy Is A Companys Game Plan For Winning, Either ByCompeting On Scale, Speed or Special Relationships.
Game changing ofProduct /Services Strategic Innovation Is A Company’s Game Plan To Win By Changing The Game.
‘studying historical data and makingextrapolations for the future’ it relies on the assumption that the future will follow like the past
That’s why it’s so important to ﬁnd someone who...
Strategic Planning Strategy Innovation Analytical Creative Numbers-driven Insights-driven Company-centric Market-centric Logic/Linear Heuristic/Iterative Today to tomorrow Tomorrow to todayExtend current values Create new valuesFit the business model Create a new business model
Component of Strategic Innovation• Develop Industry (and Technology) Foresight: Which changes happen in the Industry, are the value chains being reorganized (vertical or horizontal), should the business concept needed to be redefine.• Develop Deep Customer Insight: Which values, feelings and attitudes amongst end users are important?• Develop New Value Propositions: A Unique Value Proposition (UVP), which is one of the most essential elements of a business strategy. A UVP is a succinct statement of the uniqueness of a business that sets it apart from all competitors. Without a UVP, a company risks becoming lost in a sea of similar businesses.• Develop New Capabilities: These are the new skills and knowledge enables a company to deliver unique value to customers. It embodies an organizations collective strengths, particularly of how to coordinate activities and integrate multiple technologies.• Refine or Develop New Business Model: