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Webinar Slides: Five Strategy Traps for 2018 and How to Avoid Them

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These are the slides from our webinar recorded on Mar 5, 2018. During the webinar, we explored how you can avoid the biggest traps in strategy today and build better strategy programs in your company.

Watch full webinar at: https://youtu.be/1ff31MOMwQI

Key Takeaways:
- Insights from the frontlines of strategy and transformation
- Understand the Five Strategy Traps
- Go behind the scenes to hear stories from the Strategy Traps in practice
- Learn how to overcome the key obstacles to successful strategy.

Watch full webinar at: https://youtu.be/1ff31MOMwQI

Published in: Business
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Webinar Slides: Five Strategy Traps for 2018 and How to Avoid Them

  1. 1. WEBINAR: WELCOME Five Strategy Traps & How to Avoid Them
  2. 2. WELCOME HOSTED BY CHRIS RANGEN Strategy & innovation consulting company
  3. 3. WATCH IT HERE DOWNLOAD HERE Strategy & innovation consulting company
  4. 4. Strategy & innovation consulting company Free Strategy Tools www.strategytools.io Lots of stuff you can download
  5. 5. JOIN THE CONVERSATION @engageinnovate @chrisrangen #5Traps Strategy & innovation consulting company Chat in the window (bottom left)
  6. 6. Christian@engage-innovate.com 0047 92415949 Skype: Christianrangen Skype for Business: Christian@engage-innovate.com Contact information Christian Rangen Strategy & Transformation Advisor Business School Faculty Designer, Strategy Tools
  7. 7. Denmark USA Brazil Germany Norway Austria Netherlands France Spain Italy UK China Sri Lanka U.A.E. Malaysia Sweden Estonia Singapore Romania Turkey Strategy & innovation consulting company STRATEGY & INNOVATION CONSULTING COMPANY
  8. 8. CEO INNOVATION & NEW VENTURES STRATEGY & TRANSFORMATION WE PARTNER WITH Strategy & innovation consulting company
  9. 9. Denmark USA Brazil Germany Norway Austria Netherlands France Spain Italy UK China Sri Lanka U.A.E. Malaysia Sweden Estonia Singapore Romania Turkey Strategy & innovation consulting company
  10. 10. Strategy & innovation consulting company
  11. 11. Solar Electric Vehicles Smart BuildingsDronesMobility Health Fish Farms Smart City FASTER INNOVATION
  12. 12. Brazil Norway Malaysia Strategy & innovation consulting company FUN FACT
  13. 13. Brazil Norway Malaysia Strategy & innovation consulting company WRITTEN IN BRAZIL SLIDES IN MALAYSIA RECORDING IN NORWAY
  14. 14. FIVE STRATEGY TRAPS FOR 2018 Strategy & innovation consulting company
  15. 15. 1. The Board 2. Resource Allocation 3. No Time for Innovation 4. Shifting Landscape 5. Just one strategy? Strategy & innovation consulting company
  16. 16. FIVE KEY AREAS FOR ANY STRATEGY LEADER TODAY Strategy & innovation consulting company
  17. 17. #1 THE BOARD
  18. 18. THE BOARD – THEY ASK FOR NEW IDEAS, BUT REALLY ALL THEY WANT IS STATUS QUO Strategy & innovation consulting company
  19. 19. DO YOU UNDERSTAND THEM? ….WHAT DOES THE BOARD TRULY CARE ABOUT? Strategy & innovation consulting company
  20. 20. Don’t drop a bomb of radical ideas onto the Board in one board session. Strategy & innovation consulting company
  21. 21. Think of the various board members as core partners to any new growth venture. Take them through parts of the same learning experience as any new growth team. Make sure they get a taste of the same industry shifts, the same customer demands and emerging business models as your growth team does. Don’t spring the future on the Board members in one sitting. Let them listen, learn and evolve their strategic thinking as a part of your team, not as distant members. Strategy & innovation consulting company
  22. 22. DO YOU INVOLVE THEM? Strategy & innovation consulting company
  23. 23. #2 RESOURCE ALLOCATION
  24. 24. RESOURCE ALLOCATION – WE WANT THIS NEW STUFF, BUT THERE IS NO WAY WE ARE GOING TO PAY FOR IT, AND YOU CAN JUST FORGET ABOUT SHIFTING ASSETS TO ANYTHING NEW Strategy & innovation consulting company
  25. 25. HOW ARE RESOURCES ALLOCATED TODAY? Strategy & innovation consulting company
  26. 26. HOW CAN YOU SHAPE RESOURCE ALLOCATION? Strategy & innovation consulting company
  27. 27. ARE YOU TALKING “ALL IDEAS…”? Strategy & innovation consulting company
  28. 28. OR BUSINESS OUTCOMES AND ROI? Strategy & innovation consulting company
  29. 29. The problem is the system… and resource allocation. Prof. Rita McGrath, Founder, Valize
  30. 30. HOW CAN YOU BUILD RESOURCE ALLOCATION “RETURN CASES” FOR TOP MANAGEMENT? Strategy & innovation consulting company
  31. 31. #3 NO TIME FOR INNOVATION
  32. 32. INNOVATION – WE WANT IT, BUT HAVE NO TIME OR INTEREST TO BUILD A COHERENT INNOVATION STRATEGY Strategy & innovation consulting company
  33. 33. “INNOVATION THEATER” https://innov8rs.co/news/next-wave-corporate-entrepreneurship-comes-innovation-theater/
  34. 34. Strategy & innovation consulting company
  35. 35. http://www.engage-innovate.com/strategy-tools/building-mis-minimum-innovation-strategy/ Strategy & innovation consulting company
  36. 36. #4 SHIFTING LANDSCAPE
  37. 37. COMPETITIVE LANDSCAPE – RINSE AND REPEAT FROM PREVIOUS THREE YEARS Strategy & innovation consulting company
  38. 38. Who are the competitors? Today – Tomorrow?
  39. 39. DO YOU KNOW WHO YOUR COMPETITORS ARE? Strategy & innovation consulting company
  40. 40. DO YOU KNOW WHO YOUR FUTURE, UNLIKELY COMPETITORS MIGHT BE? Strategy & innovation consulting company
  41. 41. HOW WOULD YOU RECOGNIZE IT (BEFORE IT WAS TOO LATE)? Strategy & innovation consulting company
  42. 42. #5 JUST ONE STRATEGY ?
  43. 43. JUST ONE STRATEGY – IN THE FACE OF TRANSFORMATION? Strategy & innovation consulting company
  44. 44. Most companies today need to pursue multiple strategies – and multiple business models – in parallel. Strategy & innovation consulting company
  45. 45. Multi-billion euro investments: Volkswagen to become the world market leader in e-mobility by 2025 and to develop the industry’s strongest digital ecosystem
  46. 46. Strategy & innovation consulting company
  47. 47. LEGACY CORE BUSINESS FIX, TUNE Strategy: linear KPI: efficiency, ROI, % Expectations: stable operations
  48. 48. LEGACY CORE BUSINESS FIX, TUNE Strategy: linear KPI: efficiency, ROI, % Expectations: stable operations BUSINESS MODEL CANVAS Learn more @ www.strategyzer.com
  49. 49. GROWTH BUSINESS GROW + Strategy: grow (in new markets & products) KPI: efficiency, revenue, % Expectations: growth, low risk
  50. 50. EXPLORE Strategy: Moonshots, disruptive business model, radical innovation KPI: # experiments, # accelerators, Expectations: business model experiments PORTFOLIO OF NEW BUSINESS MODELS
  51. 51. LEGACY CORE BUSINESS EXPLOREGROWTH BUSINESS FIX, TUNE GROW + Strategy: linear KPI: efficiency, ROI, % Expectations: stable operations Strategy: grow (in new markets & products) KPI: efficiency, revenue, % Expectations: careful growth, low risk Strategy: Moonshots, disruptive business model, radical innovation KPI: # experiments, # accelerators, Expectations: business model experiments PORTFOLIO OF NEW BUSINESS MODELS
  52. 52. Strategy & innovation consulting company
  53. 53. BUILDING YOUR MINIMIUM INNOVATION STRATEGY
  54. 54. Strategy & innovation consulting company
  55. 55. We’ll do it ourselves. «Go Away»
  56. 56. Let’s buy it. «M&A»
  57. 57. Strategic Parterships is the way to go
  58. 58. Invest in a portfolio of startups
  59. 59. Over 1,700 Start-Ups Are Disrupting The Automotive Industry
  60. 60. Design & run global accelerators
  61. 61. FROM CLOSED TO OPEN TO NETWORKED INNOVATION
  62. 62. BUILDING YOUR MINIMIUM INNOVATION STRATEGY
  63. 63. Strategy & innovation consulting company
  64. 64. CONCLUDING NOTES
  65. 65. 1. The Board 2. Resource Allocation 3. No Time for Innovation 4. Shifting Landscape 5. Just one strategy? Strategy & innovation consulting company
  66. 66. SIGN UP FOR OUR NEXT WEBINAR
  67. 67. WHAT WE DO
  68. 68. What we do Strategy & innovation consulting company
  69. 69. WWW.ENGAGE-INNOVATE.COM Christian@engage- innovate.com 0047 92415949

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