The article discusses the importance of managing perceptions of strategy both internally and externally. It argues that a strategy may improve profitability but will not be as effective if it is perceived negatively. An example is given of Apple, where the strategies under Steve Jobs were perceived as revolutionary but Tim Cook's strategies are seen as prioritizing profits over innovation. The perceptions of a strategy internally, in terms of employee buy-in, and externally, in terms of public opinion, are closely connected and both crucial to the strategy's success.
The world's first study on the use of management tools in strategic communication, based on a survey among chief communication officers and communication managers with responsibility for strategy, steering or controlling in leading companies. It identifies the Top 12 tools for practitioners as well as the best-known and least known tools, and the satisfaction with different procedures. The relevance for implementing tools and knowledge gaps are shown, as are drivers influencing the use of management tools in communications. The study organized by Leipzig University and Lautenbach Sass complements research on the most popular management tools conducted by consultancies like Bain for more than a decade.
Communication management tools are methods, procedures, standard processes and frame-works (thinking tools) for the analysis, planning, implementation and evaluation of communication activities in organisations, and for steering those processes. They are implemented according to a uniform scheme and can be used in a wide variety of situations. Management tools provide orientation and make everyday work easier by enabling practitioners to perform frequently occurring tasks in a uniform, routinized and comprehensible manner.
Such tools are widely used in business management and management consulting. But what about corporate communications? To what extent do communicators use tools for analysing, planning, implementing and evaluating communication activities? The results show that there is still room for improvement. In addition to classic, more operational PR tools, more established management tools should be adapted. A toolbox tailored to your own needs is essential for the further development of the communications department – and for being recognized as a trusted partner by top management.
The corporate communicator's role has expanded in recent years. A survey of 191 corporate communicators found that they are now responsible for more areas like social media, crisis management, and executive communications. They also face more challenges like managing internal departments, tight budgets, and keeping up with changing technology. While over half report directly to senior leadership, many communicators experience budget constraints and organizational silos that impede their work. As companies integrate marketing and communications more closely, communicators are playing a bigger strategic role in driving business results through reputation management and consistent messaging.
Brunswick Future of Stakeholder Engagement Report February 2013Brunswick Group
Conventional wisdom holds that “Stakeholder Engagement” is important and organisations should be doing it.But there’s very little data available about what “it” is, or about the benefits and risks organisations see from engaging in new ways with groups they may not have dealt with in the past.
The purpose of this survey was to explore what stakeholder engagement looks like with those who are closest to the front line: senior European communicators at large corporations, government bodies, NGOs, associations and other organisations.
This document summarizes key points from an issue of the Portland Quarterly publication. It discusses how reputation management has changed in the digital age, requiring an integrated approach across communications disciplines. It also provides examples of how companies and organizations can prepare for and handle social media crises through simulation exercises and coordinated response teams. Additionally, it explores how Twitter hashtags can help or hinder campaigns if hijacked by critics, and gives real-world examples of both successful and unsuccessful hashtag campaigns.
Marketing research is facing increasing pressure to adapt to environmental changes, especially those driven by rapid technological advancement. By 2021, marketing research will likely resemble a "river" of constantly flowing information from various sources, both internal and external. Leading companies will develop capabilities to access and synthesize insights from this river of information in real-time to answer most business questions, rather than relying on traditional discrete research projects. The role of researchers will shift from project managers to navigators who can guide clients in accessing and interpreting insights from the vast flows of digitized data, content, and feedback that comprise the river of information.
1) The document discusses knowledge management and its importance for competitive advantage. It defines knowledge management as improving an organization's knowledge processes rather than directly managing knowledge.
2) It introduces the roles of the Chief Knowledge Officer (CKO) who leads knowledge management initiatives, and the Certified Knowledge Manager (CKM) program which trains people for knowledge management leadership.
3) The CKM program prepares people for the complex role of the CKO and emphasizes the competencies needed for successful knowledge management based on government research.
This document discusses the differences between management by objectives (MBO) and strategic management. MBO focuses on individual, short-term objectives agreed upon by supervisors and subordinates. However, strategic management takes a broader, long-term approach involving group processes to align the organization's mission, strategies and objectives with the external environment. While MBO had some successes, it often failed to fully integrate objectives across teams and departments. Strategic management supersedes MBO as it considers more variables and takes a holistic view of planning for the organization.
The world's first study on the use of management tools in strategic communication, based on a survey among chief communication officers and communication managers with responsibility for strategy, steering or controlling in leading companies. It identifies the Top 12 tools for practitioners as well as the best-known and least known tools, and the satisfaction with different procedures. The relevance for implementing tools and knowledge gaps are shown, as are drivers influencing the use of management tools in communications. The study organized by Leipzig University and Lautenbach Sass complements research on the most popular management tools conducted by consultancies like Bain for more than a decade.
Communication management tools are methods, procedures, standard processes and frame-works (thinking tools) for the analysis, planning, implementation and evaluation of communication activities in organisations, and for steering those processes. They are implemented according to a uniform scheme and can be used in a wide variety of situations. Management tools provide orientation and make everyday work easier by enabling practitioners to perform frequently occurring tasks in a uniform, routinized and comprehensible manner.
Such tools are widely used in business management and management consulting. But what about corporate communications? To what extent do communicators use tools for analysing, planning, implementing and evaluating communication activities? The results show that there is still room for improvement. In addition to classic, more operational PR tools, more established management tools should be adapted. A toolbox tailored to your own needs is essential for the further development of the communications department – and for being recognized as a trusted partner by top management.
The corporate communicator's role has expanded in recent years. A survey of 191 corporate communicators found that they are now responsible for more areas like social media, crisis management, and executive communications. They also face more challenges like managing internal departments, tight budgets, and keeping up with changing technology. While over half report directly to senior leadership, many communicators experience budget constraints and organizational silos that impede their work. As companies integrate marketing and communications more closely, communicators are playing a bigger strategic role in driving business results through reputation management and consistent messaging.
Brunswick Future of Stakeholder Engagement Report February 2013Brunswick Group
Conventional wisdom holds that “Stakeholder Engagement” is important and organisations should be doing it.But there’s very little data available about what “it” is, or about the benefits and risks organisations see from engaging in new ways with groups they may not have dealt with in the past.
The purpose of this survey was to explore what stakeholder engagement looks like with those who are closest to the front line: senior European communicators at large corporations, government bodies, NGOs, associations and other organisations.
This document summarizes key points from an issue of the Portland Quarterly publication. It discusses how reputation management has changed in the digital age, requiring an integrated approach across communications disciplines. It also provides examples of how companies and organizations can prepare for and handle social media crises through simulation exercises and coordinated response teams. Additionally, it explores how Twitter hashtags can help or hinder campaigns if hijacked by critics, and gives real-world examples of both successful and unsuccessful hashtag campaigns.
Marketing research is facing increasing pressure to adapt to environmental changes, especially those driven by rapid technological advancement. By 2021, marketing research will likely resemble a "river" of constantly flowing information from various sources, both internal and external. Leading companies will develop capabilities to access and synthesize insights from this river of information in real-time to answer most business questions, rather than relying on traditional discrete research projects. The role of researchers will shift from project managers to navigators who can guide clients in accessing and interpreting insights from the vast flows of digitized data, content, and feedback that comprise the river of information.
1) The document discusses knowledge management and its importance for competitive advantage. It defines knowledge management as improving an organization's knowledge processes rather than directly managing knowledge.
2) It introduces the roles of the Chief Knowledge Officer (CKO) who leads knowledge management initiatives, and the Certified Knowledge Manager (CKM) program which trains people for knowledge management leadership.
3) The CKM program prepares people for the complex role of the CKO and emphasizes the competencies needed for successful knowledge management based on government research.
This document discusses the differences between management by objectives (MBO) and strategic management. MBO focuses on individual, short-term objectives agreed upon by supervisors and subordinates. However, strategic management takes a broader, long-term approach involving group processes to align the organization's mission, strategies and objectives with the external environment. While MBO had some successes, it often failed to fully integrate objectives across teams and departments. Strategic management supersedes MBO as it considers more variables and takes a holistic view of planning for the organization.
This document discusses strategic management in a competitive business environment. It defines strategic management as a process and logic for determining and controlling an organization's strategic position in its environment. Strategic management aims to define strategies and processes to help management adapt to dynamics of today through goals and methods. The document discusses the importance of strategic management for achieving effective projects to fulfill an organization's mission. It also discusses how strategic management allows deliberate management of progress and building of resources toward a desired future state.
This document provides a framework for measuring the success of social media marketing efforts. It discusses how marketers currently struggle to measure social media's impact on business results and tend to rely on unreliable metrics like number of likes. The framework focuses on measuring three key areas:
1) Reach - Did the social media efforts reach the right audience? Metrics include campaign reach and frequency across different channels.
2) Brand resonance - How did perceptions of the brand change? Metrics include brand awareness, consideration, and loyalty.
3) Reaction - What was the impact on business results? Metrics include online and offline sales, traffic, and customer referrals relative to other marketing efforts.
The document argues that to be successful
The document summarizes an upcoming two-day business conference called the West Coast Corporate Social Media Summit 2011 focused on helping companies utilize social media effectively. It will provide strategic insights from senior corporate speakers on topics like developing a coherent social media strategy, engaging customers, measuring return on investment, and incorporating latest technologies. Attendees will learn best practices from major companies using social media successfully and have opportunities to ask questions. The conference aims to give professionals tools and strategies to ensure their company's social media efforts are successful.
The document summarizes the key findings of a survey about integrated communications conducted in 2010:
1) While marketing and PR report to the same boss and have formal working relationships, turf battles and silos still exist as the largest barrier to integration according to 34% of respondents.
2) Ownership of social media is still unclear, with 43% of PR and 34% of marketing feeling they should own social media.
3) 56% say integrated communications increases effectiveness, and 48% cite sales and ROI as the most important measurement of integration.
Estudio elaborador por el Instituto Korn/Ferry sobre la figura del Chief Communications Officer a partir de una encuesta global a los principales directivos de las compañías de Fortune 500
Lean Communications: Process Improvement in PR and Corporate Communications U...Annie Eissler
PR and corporate communications programs are critical to the success of your business. However, there is frequently a lack of clarity around the implementation, measurement, and success of many communications programs. Some believe it’s all about having a relationship with a few reporters or sending out the occasional well-written press release, but with the
fragmentation of the media, everyone is now a consumer and producer of “media.”
Is there a way to create innovative, clutter-busting programs with focused and quantifiable business results without wasting time and money?
This paper examines the application of Lean Six Sigma in the development and improvement of communication programs by showing that the processes involved result in data that can be measured and analyzed to deliver more insightful, targeted efforts with more impactful outcomes. Innovative companies can benefit from growth, adaptability and success while enhancing their brands and reputations with the faster and better results that emerge from improved
communications programs.
This document discusses how data-driven marketing is transforming due to the rise of "Big Data" and the ability to access consumer data in real-time. It outlines how the volume of consumer data generated annually has exceeded six exabytes and covers trends like the growth of social media users and smartphone adoption. Additionally, it explores how brands can harness real-time streaming consumer data from these digital channels to develop insights and personalized marketing approaches.
1) According to a survey of over 200 executives at large multinational companies, business process outsourcing (BPO) is seen as playing a critical role in supporting business models, with 60% viewing it as very important currently and 68% expecting it to be very important in three years.
2) While reducing costs remains a key priority, companies are also focused on growth and expansion, and view BPO as enabling these goals as well as greater focus on core business and flexibility.
3) Executives now evaluate BPO success based on measurable long-term business value and outcomes beyond just bottom-line savings, such as productivity, competitiveness, and customer service. Most see their BPO
This chapter provides an overview of corporate communication. It defines corporate communication as the process of managing relationships and reputation through integrated internal and external communication. It discusses how corporate communication involves strategic communication planning to create value for stakeholders. The chapter also explains how globalization requires corporations to adapt their communication approaches to diverse international audiences.
Developing effective corporate communication ci mDavid Phillips
The document discusses developing effective corporate communication. It covers defining corporate communication and identifying stakeholders and audiences. It addresses communicating corporate values, ethics, and social responsibility. It discusses both campaign-based and continuous communication strategies and the importance of measuring and evaluating communication efforts. The document provides examples and workshops related to symbolism, tailored communication approaches, and crisis management communication.
O documento discute a importância de um departamento de recursos humanos estruturado para a retenção de talentos. Ele explica que alguns empresários ainda veem o RH apenas como responsável por folha de pagamento e contratações, sem entender seu papel estratégico na motivação e desenvolvimento dos funcionários. Também ressalta que trocar toda a equipe, menos o líder problemático, não resolve os problemas, e que é possível motivar e reter talentos de forma rentável quando o RH trabalha em conjunto com a área financeira.
The document discusses different approaches to software development, including heavyweight/waterfall and agile approaches. The waterfall approach relies on comprehensive planning and documentation but studies have shown it is a key factor in over 80% of failed software projects due to changing requirements. Agile methodologies employ short iterative cycles and focus on tacit team knowledge and business value over documentation. Some benefits of the agile approach include active user involvement, empowered teams, evolving requirements within a fixed timescale, and frequent delivery of quality products.
This document discusses formative and summative assessment. Formative assessment occurs during instruction to provide feedback and inform teaching, while summative assessment evaluates learning at the end. Key differences are that formative assessment is not graded, focuses on process, and provides descriptive feedback, while summative assessment is graded, focuses on products, and provides evaluative feedback. The document also outlines best practices for assessment, including communicating goals to students and involving students in self-assessment.
El 1 de octubre se celebró el Día Nacional del Pasillo en Chimborazo con un festival musical en el Centro de Arte y Cultura. Jóvenes artistas locales mantienen viva la elegancia de la música nacional ecuatoriana y presentaron nuevas composiciones con sobriedad y elegancia, lo que permite augurar una larga vida para el pasillo ecuatoriano. Las autoridades locales y otras instituciones deberían apoyar más a estos artistas y fomentar la cultura, en lugar de eventos que promueven el alcoholismo. También deber
Presentación Hernan Litvac - eCommerceForum Moda Santiago 2015eCommerce Institute
Este documento discute la importancia de la recopilación de datos y el desarrollo de un "Customer Journey" para mejorar las tasas de conversión. Señala que solo una pequeña parte de los clics se convierten en ventas y que se debe construir una relación con los clientes potenciales a través del descubrimiento, la consideración y el contacto antes de la compra. También recomienda aprovechar múltiples canales como tiendas físicas, publicidad en Facebook y automatización de marketing para mejorar los ratios de apertura, clics y ventas
Este documento describe el desarrollo motor típico de los niños de 0-2 años, incluyendo los principales hitos motrices como sostener la cabeza, gatear, caminar, y la importancia de la estimulación motriz temprana. Explica los diferentes tipos de reflejos presentes en los bebés y las actividades y materiales apropiados para cada etapa del desarrollo.
The rxTools nightly build is buggy and incomplete. Important changes are that rxTools.dat has been moved to /rxTools/sys/code.bin and firmware.bin has been moved to /rxTools/sys. For New 3DS users, use 0004013820000002.bin from ReiNAND v2 instead of firmware.bin and place it in /rxTools/data.
Las Tecnologías de la Información y Comunicación (TIC) permiten la adquisición, producción, almacenamiento, tratamiento, comunicación, registro y presentación de información en diferentes formatos. Incluyen electrónica, telecomunicaciones, informática y audiovisuales. Algunas características clave de las TIC son su inmaterialidad, capacidad de transmitir información instantáneamente a distancia, y aplicaciones interactivas multimedia.
This document discusses strategic management in a competitive business environment. It defines strategic management as a process and logic for determining and controlling an organization's strategic position in its environment. Strategic management aims to define strategies and processes to help management adapt to dynamics of today through goals and methods. The document discusses the importance of strategic management for achieving effective projects to fulfill an organization's mission. It also discusses how strategic management allows deliberate management of progress and building of resources toward a desired future state.
This document provides a framework for measuring the success of social media marketing efforts. It discusses how marketers currently struggle to measure social media's impact on business results and tend to rely on unreliable metrics like number of likes. The framework focuses on measuring three key areas:
1) Reach - Did the social media efforts reach the right audience? Metrics include campaign reach and frequency across different channels.
2) Brand resonance - How did perceptions of the brand change? Metrics include brand awareness, consideration, and loyalty.
3) Reaction - What was the impact on business results? Metrics include online and offline sales, traffic, and customer referrals relative to other marketing efforts.
The document argues that to be successful
The document summarizes an upcoming two-day business conference called the West Coast Corporate Social Media Summit 2011 focused on helping companies utilize social media effectively. It will provide strategic insights from senior corporate speakers on topics like developing a coherent social media strategy, engaging customers, measuring return on investment, and incorporating latest technologies. Attendees will learn best practices from major companies using social media successfully and have opportunities to ask questions. The conference aims to give professionals tools and strategies to ensure their company's social media efforts are successful.
The document summarizes the key findings of a survey about integrated communications conducted in 2010:
1) While marketing and PR report to the same boss and have formal working relationships, turf battles and silos still exist as the largest barrier to integration according to 34% of respondents.
2) Ownership of social media is still unclear, with 43% of PR and 34% of marketing feeling they should own social media.
3) 56% say integrated communications increases effectiveness, and 48% cite sales and ROI as the most important measurement of integration.
Estudio elaborador por el Instituto Korn/Ferry sobre la figura del Chief Communications Officer a partir de una encuesta global a los principales directivos de las compañías de Fortune 500
Lean Communications: Process Improvement in PR and Corporate Communications U...Annie Eissler
PR and corporate communications programs are critical to the success of your business. However, there is frequently a lack of clarity around the implementation, measurement, and success of many communications programs. Some believe it’s all about having a relationship with a few reporters or sending out the occasional well-written press release, but with the
fragmentation of the media, everyone is now a consumer and producer of “media.”
Is there a way to create innovative, clutter-busting programs with focused and quantifiable business results without wasting time and money?
This paper examines the application of Lean Six Sigma in the development and improvement of communication programs by showing that the processes involved result in data that can be measured and analyzed to deliver more insightful, targeted efforts with more impactful outcomes. Innovative companies can benefit from growth, adaptability and success while enhancing their brands and reputations with the faster and better results that emerge from improved
communications programs.
This document discusses how data-driven marketing is transforming due to the rise of "Big Data" and the ability to access consumer data in real-time. It outlines how the volume of consumer data generated annually has exceeded six exabytes and covers trends like the growth of social media users and smartphone adoption. Additionally, it explores how brands can harness real-time streaming consumer data from these digital channels to develop insights and personalized marketing approaches.
1) According to a survey of over 200 executives at large multinational companies, business process outsourcing (BPO) is seen as playing a critical role in supporting business models, with 60% viewing it as very important currently and 68% expecting it to be very important in three years.
2) While reducing costs remains a key priority, companies are also focused on growth and expansion, and view BPO as enabling these goals as well as greater focus on core business and flexibility.
3) Executives now evaluate BPO success based on measurable long-term business value and outcomes beyond just bottom-line savings, such as productivity, competitiveness, and customer service. Most see their BPO
This chapter provides an overview of corporate communication. It defines corporate communication as the process of managing relationships and reputation through integrated internal and external communication. It discusses how corporate communication involves strategic communication planning to create value for stakeholders. The chapter also explains how globalization requires corporations to adapt their communication approaches to diverse international audiences.
Developing effective corporate communication ci mDavid Phillips
The document discusses developing effective corporate communication. It covers defining corporate communication and identifying stakeholders and audiences. It addresses communicating corporate values, ethics, and social responsibility. It discusses both campaign-based and continuous communication strategies and the importance of measuring and evaluating communication efforts. The document provides examples and workshops related to symbolism, tailored communication approaches, and crisis management communication.
O documento discute a importância de um departamento de recursos humanos estruturado para a retenção de talentos. Ele explica que alguns empresários ainda veem o RH apenas como responsável por folha de pagamento e contratações, sem entender seu papel estratégico na motivação e desenvolvimento dos funcionários. Também ressalta que trocar toda a equipe, menos o líder problemático, não resolve os problemas, e que é possível motivar e reter talentos de forma rentável quando o RH trabalha em conjunto com a área financeira.
The document discusses different approaches to software development, including heavyweight/waterfall and agile approaches. The waterfall approach relies on comprehensive planning and documentation but studies have shown it is a key factor in over 80% of failed software projects due to changing requirements. Agile methodologies employ short iterative cycles and focus on tacit team knowledge and business value over documentation. Some benefits of the agile approach include active user involvement, empowered teams, evolving requirements within a fixed timescale, and frequent delivery of quality products.
This document discusses formative and summative assessment. Formative assessment occurs during instruction to provide feedback and inform teaching, while summative assessment evaluates learning at the end. Key differences are that formative assessment is not graded, focuses on process, and provides descriptive feedback, while summative assessment is graded, focuses on products, and provides evaluative feedback. The document also outlines best practices for assessment, including communicating goals to students and involving students in self-assessment.
El 1 de octubre se celebró el Día Nacional del Pasillo en Chimborazo con un festival musical en el Centro de Arte y Cultura. Jóvenes artistas locales mantienen viva la elegancia de la música nacional ecuatoriana y presentaron nuevas composiciones con sobriedad y elegancia, lo que permite augurar una larga vida para el pasillo ecuatoriano. Las autoridades locales y otras instituciones deberían apoyar más a estos artistas y fomentar la cultura, en lugar de eventos que promueven el alcoholismo. También deber
Presentación Hernan Litvac - eCommerceForum Moda Santiago 2015eCommerce Institute
Este documento discute la importancia de la recopilación de datos y el desarrollo de un "Customer Journey" para mejorar las tasas de conversión. Señala que solo una pequeña parte de los clics se convierten en ventas y que se debe construir una relación con los clientes potenciales a través del descubrimiento, la consideración y el contacto antes de la compra. También recomienda aprovechar múltiples canales como tiendas físicas, publicidad en Facebook y automatización de marketing para mejorar los ratios de apertura, clics y ventas
Este documento describe el desarrollo motor típico de los niños de 0-2 años, incluyendo los principales hitos motrices como sostener la cabeza, gatear, caminar, y la importancia de la estimulación motriz temprana. Explica los diferentes tipos de reflejos presentes en los bebés y las actividades y materiales apropiados para cada etapa del desarrollo.
The rxTools nightly build is buggy and incomplete. Important changes are that rxTools.dat has been moved to /rxTools/sys/code.bin and firmware.bin has been moved to /rxTools/sys. For New 3DS users, use 0004013820000002.bin from ReiNAND v2 instead of firmware.bin and place it in /rxTools/data.
Las Tecnologías de la Información y Comunicación (TIC) permiten la adquisición, producción, almacenamiento, tratamiento, comunicación, registro y presentación de información en diferentes formatos. Incluyen electrónica, telecomunicaciones, informática y audiovisuales. Algunas características clave de las TIC son su inmaterialidad, capacidad de transmitir información instantáneamente a distancia, y aplicaciones interactivas multimedia.
This document discusses the historical origins and perceptions of vampires. It mentions that archeological evidence from excavated graves contributed to beliefs about vampires. It also references the fear of vampires, mortuary practices, punishment of criminals, and the idea that vampires were thought to carry plague or that suspected vampires were often believed to be witches instead.
El documento describe los códigos de barras unidimensionales, incluyendo sus usos principales como las tarjetas de embarque, etiquetas de facturación, envíos postales, libros y moda. Explica los estándares EAN-13 y GS1-128 y cómo se usan los códigos de barras para identificar productos de manera única y automatizar procesos como el control de inventario.
Mohammad Sajid Khan is a medical practitioner seeking a position with over 15 years of experience in assessment, diagnosis, and treatment of patients. He has worked in hospitals in the UAE, Saudi Arabia, and Pakistan, where he gained experience treating a wide range of medical issues in emergency departments and as a general practitioner. Khan is skilled in minor surgical procedures, communication, and working well under stress. He holds several medical licenses and has completed recent CME courses in life support.
1.1Getting StartedBefore discussing strategy itself, let us begi.docxchristiandean12115
1.1Getting Started
Before discussing strategy itself, let us begin by discussing the context of strategy. How does strategy fit within the general field of business? How does it compare to the other disciplines of business?
Many experts would argue (depending on the industry) that marketing, finance, and/or human resources are most important to the success of the company. How can a business survive, they argue, without adequate human capital, a solid marketing campaign and money for daily operations? However, business strategy is somewhat different from these disciplines because strategy is more holistic than other areas of business. Business strategy touches every other area of business and a business can use any company resource to further its overall strategy. Strategy is at least as important as other areas of business because it encompasses and integrates with the other business disciplines.
In other words, effective strategists will use the organization's accounting system, operations, information systems, human capital, marketing, and any other available tool as part of its strategy. Used appropriately, strategy will use every discipline within the organization to accomplish its organizational goals.1.2What is Strategy?
Strategy is the method that an organization uses to reach its goals. According to this definition, strategy is fundamentally a broad term. In the right context, almost any plan of action can be considered an organization’s strategy. Most academic papers on strategy, as well as this book, focus on competitive strategy. Competitive strategy is the way that an organization is going to compete in its industry. However, the tools and techniques of competitive strategy can be adapted to an organization’s quest for other goals.
Since competitive strategy (by definition) is focused on competition, competitive strategy is often expressed in terms of sports, war, history, survival, and board games. This terminology is transferred to the field of strategy as a whole. For example, when a manager states, "What is our game plan?" the manager is asking for clarification about the organization's strategy. When an organization ‘crafts' or builds its strategy, it is specifically choosing the actions it will take in the marketplace, including how it is going to compete with and outperform other organizations.
Stakeholders can often observe an organization's chosen strategy by evaluating what the firm does in the marketplace and asking questions such as the following:
· What industry does the firm operate in?
· What products and/or services does the firm market and sell? Does the firm take an offensive or defensive position?
· What is the firm's target market?
· Does the firm invest in research and development? Why or why not?
· What product or services does the firm offer that are different from competitors?
· What makes the firm successful or unsuccessful?
· Where does the majority of the firm's money come from?
· What type of employees.
This document outlines long-term strategies for Foresight Communications Group, a PR and marketing firm. It discusses objectives like forecasting future consumer behavior and anticipating market changes. Key long-term goals include adapting to evolving client needs through training, developing foresight capabilities, and building credibility. The immediate environment presents opportunities in Houston's energy boom but challenges include establishing name recognition as an independent practitioner competing against larger agencies.
Strategy has little value until it is implemented. In a world where disruption can happen overnight, moving rapidly from strategy design to delivery is critical. Yet too many companies go only halfway, putting their best resources into design and in effect ending up treating delivery as an afterthought. As a result, strategies fail, customers leave, key talent is lost and financial performance suffers.
Whole-brain leadership prepares C-suites for the digital challenges ahead, ensuring seamless growth and high-value problem solving capabilities. Read more.
Strategy prototyping leap into the future look aroundmichaeldmaginn
The document describes a new approach to strategic planning called "prototyping alternative futures". It involves:
1) Gathering a small group of knowledgeable stakeholders to discuss potential futures for the organization through asking questions about new products, customers, or ways of delivering value.
2) Developing "prototypes" - tangible but incomplete representations of these potential futures through techniques like sketches, diagrams, or conceptual models.
3) Discussing each prototype to understand how it might operate and be funded in order to gain consensus more efficiently than traditional analytical strategic planning methods. The goal is to tap intuition and creativity to identify new strategic directions for the organization.
The document discusses leading change versus managing change. It notes that while change management focuses on keeping change efforts under control, change leadership is about driving large-scale transformation through establishing a sense of urgency, developing a vision, empowering broad-based action, generating short-term wins, and incorporating changes into the culture. Effective change leadership requires strategy, governance, seamless execution, and emphasizing dialogue to make the process relevant and the changes doable. Leaders must own the change themselves through putting skin in the game, working closely with employees, and embracing change as part of their role.
Your Grid for Week 6 assignmentNutchanart PonimChange Plan GridTo.docxdanielfoster65629
Your Grid for Week 6 assignmentNutchanart PonimChange Plan GridTopicFrequency or timelineStakeholders/AudiencePurpose or rationaleCommunicatorMessageAuthorDelivery methodmeasureCommunicating ChangeRegularlyworkersto adjust to changemanagementchangeHRemail and meetingsobservationCommunicating Changeupdate them whenever there is changecustomerinform of new productsmanagement,workers and agentsimproved products and servicesCEOadvertisements and agentsinterview and questionaireCommunicating Changeupdate them whenever there is changepublicinform them of change and new productsmanagement,workers and agentschange and improved servicesCEOadvertisement,agents and workersinterview and questionaireCommunicating Changewhen there is a changeagentsto adress the new change in their operationmanagement and workersinform ofchange in organizationHRemail, meetings, conferencesinquiryCommunicating Changewhen there is chage to be adressedManagement and leadershipto impress new positive changeworkers,agents, customers and publicimpress new positive changeHRone on one, meetings etcchange in management strategyCommunicating Changeupdate them whenever there is changeGovernmentso that they know of change and keep standardsmanagement,agentschangeCEOemail, seminers, meetings,agentsobservationCommunicating Changeupdate them whenever there is changePatnersto know and enable the intergrate the changemanagement,agentschangeCEOemail, seminers, meetings,agentsobservation
DefinitionsTopic What is the topic of the communication? (A "re" statement)FrequencyHow often will this message go out? Regularly? Will there be updated versions? Once?AudienceWho will get this message? Why?PurposeWhat is the goal of the communication - what should it achieve?CommunicatorWho is going to actually have their name/voice on this communication?MessageWhat is the foundation of the message? Key points listed.AuthorWho is going to write the communication? (Use the name of the officer/change agent, for example, the CIO, CFO, CEO or the "CA" (change agent), HR Director, etc.) You don't actually write a person's nameDeliveryHow will the message be delivered and why that method? (i.e. email/phone conference/in person, etc.)MeasureHow will you measure or determine if the message successfully conveyed the information?
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City, State
Date of submission
When communicating with the workers, it is important to pay attention to the strategy so as to ensure that the communication is in line with the mission and goals to be achieved. To ensure that the changes to be addressed and goals aimed at are well defined and expressed to the workers and other members.
When communicating, it is important to target the specific audience that you want to send or pass the information to. If its workers, the mode of communication should be able to influence their spirit and eventually this will be transferred to target market. The message shoul.
Webinar presentation about five emerging trends in employee engagement and internal communications. For more information, please visit http://www.mslworldwide.com
This document discusses how anticipation of political change freezes decision making for businesses and causes anxiety among the voting population. It also discusses how successful change management requires addressing how change affects people, processes, systems and technology within an organization through clear communication, defined metrics and an impactful plan. Transparency from leaders is key to helping those affected understand their role in any new direction.
The document summarizes key discussions from an executive strategy meeting hosted in Eindhoven, Netherlands. Attendees discussed the essential elements of a successful strategy, including having a clear vision statement, clear company positioning, matching strategy to company culture, leadership commitment, breakthrough-focused strategies, self-developed strategies, building capability for transformation, measurability, and learning through small successes. Innovation's role in strategy was also debated, considering different approaches to innovation based on company culture and the benefits of both creativity and structured processes.
The document discusses the implementation of a performance management system in an IT service desk organization. It describes the background of the organization and the need for a performance management solution to address issues. It analyzes three approaches and recommends the best one. It then discusses the goals, objectives, and implementation process including communication, project structure, and risk mitigation. Finally, it covers an evaluation and reporting program to monitor the performance management program.
The document discusses Deloitte's 2021 Global Marketing Trends report which analyzes how businesses and consumers responded to the COVID-19 pandemic. It conducted surveys of over 2,400 consumers and 400 business executives. The surveys found that executives prioritized efficiency over human-centric goals like customer engagement in response to the pandemic's uncertainty. However, consumers expected brands to help meet their needs and those that did so saw increased loyalty and business. The report identifies seven marketing trends for businesses to focus on purpose, agility, human experience, trust, participation, fusion and talent to better respond to evolving customer needs during turbulent times.
Seraphim International provides strategic planning and sales support consulting services. They believe traditional top-down strategic planning approaches are no longer sufficient and that strategies often fail due to unexamined biases. Seraphim proposes taking a bottom-up approach, continually feeding strategy implementation outcomes back into strategic planning to align the organization through open communication and empowering employees as co-authors of strategy. Their consulting services examine an organization's value, leadership, people, and framework to develop a comprehensive strategic plan focusing on continuous learning and adapting to change.
How is COVID-19 Reshaping the role of Institutional strategy? By.Dr.Mahboob KhanHealthcare consultant
While workers around the globe are keeping essential services running, it is imperative for business leaders, particularly senior strategy executives, to reflect on the lasting implications of COVID-19 and what they can do to best position their people, their businesses, and society to recover and thrive in the long term. Five key shifts can help chief strategy officers (CSOs) successfully guide their organizations through the pandemic.
Administrative Concepts And Management StrategiesMegan Jones
The document discusses administrative concepts and management strategies at WAYS Charter School. It describes two activities: 1) reviewing and revising the school's policies and procedures, including the employee handbook, which was then approved by the board of directors; and 2) completing and analyzing a demographic survey of the school's attendance area from the previous year. The activities show the regular process of policy review and use of data collection to inform management strategies at the school.
Innovation and change management are important topics that impact economic growth and business survival. New ideas, approaches, and products are critical to organizational strategy. While innovation is difficult to define, it generally refers to coming up with new solutions. Organizational change can also be hard to specify but focuses on formally planned changes to an organization's direction, structure, and capabilities to meet changing needs. There are different types of organizational change such as incremental, radical, smooth, and discontinuous. Managing innovation and change is vital for companies to adapt and thrive.
Socially Driven Collaboration Research Study 2014 Leader Networks
What happens when Marketing and IT unite to tackle the escalating challenges that today’s
rapidly moving digital, social and mobile world bring? Collaboration brings both Marketing
and IT the potential to influence management decisions while, in tandem, add business value.
When Marketing collaborates with IT, the possibility exists for Marketing to make an impact
beyond raising awareness to improving speed to market for new products and services while
reducing project costs. In turn, IT’s collaboration with Marketing can give rise to greater
awareness of thought leadership and increase share of budget.
When collaboration happens, Marketing often leads the charge to break down the functional
silos with IT. And even though Marketing is making progress, it faces strong headwinds as it
attempts to advance collaboration within the company.
To get a better understanding of the state of collaboration between Marketing and IT, Oracle
commissioned Social Media Today and Leader Networks to field a study to investigate the
changing relationship between these functional teams. Responses were gathered from 662
Marketing and 263 IT leaders from more than 500 organizations around the world.
1. 1
TRIBAL STRATEGY
Anthony Willoughby discusses
his use of tribal techniques to
influence strategies at huge
companies
BIG DATA
We look at how big data is
affecting company
strategies around the world
DAVID vs GOLIATH
Timothy McCausland talks
about small company
strategies to challenge the
big boys
ISSUE 4
2. 2
Welcome to this issue of Chief Strategy Officer.
We are seeing the numbers of people looking at the magazine
increase with each edition due to everybody sharing it and
people finding the content interesting and engaging. I have had
several emails in the past few weeks from happy readers, so
thank you to everyone who is helping to spread the magazine.
In this issue we are looking at several issues currently affecting
those working within strategy as well as some of the most
innovative approaches to strategy.
Anthony Willoughby discusses one of the most inventive and
original approaches to strategy that we have ever seen,
including input from African tribes and their local knowledge.
We hear about influencing the perception of a strategy both
internally and externally with Michaela Jeffery-Morrison.
Krista Treide talks to Yulia Ivanova about her experiences
creating brand strategies for some of the largest companies in
the world over the last 25 years.
Growth Strategy CEO Wayne Simmons discusses strategy
automation, a new and exciting area thantmany companies
are now exploring.
Bigdatastrategiesaremakingabigimpactonmanycompanies
around the world, we look at how missing out on this could cost
companies dearly in the future.
As always if you like the magazine share it and if you are
interested in writing or advertising in the magazine please get
in touch with me at ghill@theiegroup.com.
George Hill
Chief Editor
§
Managing Editor
George Hill
President
Josie King
Art Director
Gavin Bailey
Assistant Editor
Joanna Giddings
Advertising
Hannah Sturgess
Contributors
Tim McCausland
Yulia Ivanova
Anthony Willoughby
Michaela Jeffery-
Morrison
Zulfiqar Deo
Wayne Simmons
All Enquiries
ghill@theiegroup.com
Letter From The Editor
3. 3
4 Zulfiqar Deo investigates the difference between
implementation and execution in strategy
8 The perception of a strategy is often the most important fac-
tor argues Michaela Jeffery-Morrison
11 Krista Treide, Partner & Chief Brand Officer at Made For
Good talks to Yulia Ivanova about her work
15 Strategy automation is the future says Wayne Simmons
Contents
20 George Hill discusses the importance of big data adoption
in modern companies
24 Tim McCausland, CEO at Orange County Trust Co. talks
David vs Goliath in strategies
29 Anthony Willoughby talks about including tribal thinking in
strategy and implementation
4. 4
If you go to a stockbroker
and ask for execution only
support, they will provide
all the information and
execute the trade of your
behaviour. They will not
use their market knowl-
edge, their market know
how or their own judge-
ment. They will simply de-
Strategy Implementation and
Strategy Execution: Using the
Military as a Hierarchical Example
Zulfiqar Deo
Founder
Biz Stuff.co
5. 5
liver as per your order and
no more. For example, if
you have placed an order
to buy stock at a particu-
lar price level then they will
simply purchase the stock
for you at that price lev-
el and no more. Their per-
formance will be measured
on whether they have been
able to execute this order
as accurately as possible.
This means if your need to
own the stock has changed
this has no relevance to the
stock broker. Unless you
cancel the order they will
continue to carry out the or-
der.
If on the other hand you ask
them to use their judge-
ment, market know how and
market knowledge this is no
longer an execution only or-
der and different rates ap-
ply. Their charges to you
as a client will increase and
they will see this as an up
sell from the execution only
service offering they have in
place.
The point here is that the
more someone uses their
judgement, their market
know how and their knowl-
edge base the further up
the value chain they go.
How does this relate to
Strategy Implementation
and Strategy Execution?
Whenwelookattheseterms
from a decision making per-
spective, i.e. if we look at the
4 different decision mak-
ing levels in an organization
(using a standard Manage-
ment Consulting frame-
work) then the C- Level de-
cisions require a different
framework to the other lev-
els e.g the Ansoff matrix ns
McKinsey 7S framework. In
other words, these frame-
works ensure that a set of
variables are taken into ac-
count to support decision
making at that level.
At the strategy execution
level. The BSC (Balance
Score Card) ISO’s and Six
6. 6
Sigma are frameworks that
ensure the relevant varia-
bles are focused to ensure
that performance match-
es expectation and deliv-
ers what is expected in the
manner intended. Howev-
er, as in the example of the
stock brokerthis is an execu-
tion only framework, where
the Operational Managers
are expected to focus solely
on these variables and their
performance is measured
in line with how well they
execute them. Please re-
member the word execute
originates from Middle Eng-
lish (1350 - 1400) executen
derived from Latin executes
participle of ex ( s) equi
meaning to follow up, carry
out (punishment), etc.
When viewed from the
standard decision making
level within an organization;
C-Level management is
commonly classed as level
4, operational management
as level 2, the staff as level 1.
This leaves level 3. So who
are the managers at Level
3? They are business unit or
senior Managers. Now if we
say C – Level managers are
responsible for formulating
and operational managers
are responsible for execut-
ing. Where does this leave
the level 3 managers? Ifthey
formulate strategy they are
crowding the C- Level and if
they focus on the execution
they are micro-managing.
So what framework sup-
ports them in adding value
to the organization? In the
same way as project man-
agement; the programme
level decision making is dif-
ferent to the portfolio level
and project level - therefore
the frameworks required at
this level is also different.
In the military as a sector,
there is a framework called
the C4I framework – which
is accepted to be a strate-
gy implementation frame-
work, meaning to carry out/
fulfil/perform. The Gener-
als (Senior Managers) will
be given a mandate and will
be expected to carry out the
C-Level decisions. They will,
however, be expected to
use their strategic thought
capacity, knowledge base
and know-how. This then,
as a level of decision mak-
ing, will have to be distinct
to Strategy Execution be-
7. 7
cause as we have already ac-
cepted they will be expected
to use their judgement as part
of their daily activities.
This has an impact on how ac-
curately the relevant risks and
complexities are identified and
dynamically managed, pro-
ject level risks are different to
programme level risks which
in turn are different to portfo-
lio level risks. What happens
when a risk changes catego-
ries i.e. a low risk becoming a
high risk? What frameworks
are used to ensure they are
being managed by the ap-
propriate level of manage-
ment within the organization?
Here the managers will need
to use their judgement, mar-
ket know-how and knowledge
base. Therefore, by definition,
they cannot be execution level
managers or C- Level manag-
ers.
The terms implementation
and execution are different.
The impact on an organization
of ensuring they are treated
as distinct is huge. By treating
implementation and execution
as different decision-mak-
ing levels within a company,
it helps it to effectively realise
the overall vision for the or-
ganization. In other words, by
treating Strategy Implemen-
tation and Strategy Execution
as distinct we can more effec-
tively ensure the organization
delivers the vision and direc-
tion of the C- Level Managers
without blurring strategically
drawn lines.
8. 8
One of the aspects of imple-
menting a strategy that many
companies struggle with, is the
perception of the strategy both
internally and externally.
Perception is always a key aspect
of any initiative and as such
it becomes vital to the overall
success of a new programme. A
strategy may be improving the
Strategy Perceptions
Michaela Jeffery-Morrison
Strategy leader
8
9. 9
profitability of a company but
if the strategy is viewed as
a negative, the changes will
never be as positive as they
could otherwise be.
For instance a strategy that
increases the profitability of a
department, but requires sig-
nificant amounts of additional
work will never be perceived
as popular if the rewards of
the approach are not ade-
quately communicated.
Equally, a new strategy should
be effectively communicated
to those outside of the com-
pany in order to make sure
that changes are fully rec-
ognized for the positives that
they create.
These are not two separate
tasks however. They are in-
trinsically connected and both
have significant bearings on
the other.
A classic example of this is
Apple.
When Steve Jobs was break-
ing new ground on the way
that society perceived new
technologies, the strategy
was clear. Innovations in or-
der to create new products
that would genuinely revolu-
tionise the way that people
interacted with their electron-
ic products. When Steve Jobs
passed away and Tim Cook
took over as CEO of Apple,
there was a feeling that per-
vaded that Apple had now
changed its tactics and this
was no longer the case.
Take the release of the 5S and
the 5C for a prime example of
how the media and society in
general has perceived these
two new pieces of technology.
Most media outlets have let
out a collective sigh at their
release, claiming that Tim
Cook has lost innovation and is
now trying to maximise profits
and not attempting to break
the new ground attempted
by Steve Jobs. Looking at the
way the products were re-
ported we can see why this
is a prevailing reaction in the
public eye. Slightly improved
technical specifications and
the addition of multiple col-
ours and a plastic casing in
the case of the 5C. These just
make the brand gimmicky ac-
cording to many, trying to hit
the entry level market to in-
crease sales.
What many people have ne-
glected to mention is that this
is the first time that any phone
10. 10
ever has had a 64 bit proces-
sor.
The significance of this is
massive, yet has been large-
ly ignored and added into the
reports as another technical
specification rather than cel-
ebrating this for the genuine
originality that it is. This kind of
processing power opens the
opportunities to run increas-
ingly memory intensive pro-
grammes and push the use of
the mobile device as a power-
ful processing unit into reality.
This step taken by Cook and
the team at Apple howev-
er has not struck the correct
chords, not because it is a
bad idea but that the event
in which it was launched had
the wrong focus. It should
not have been on the phones
themselves, but on the unique
aspects that they are bringing
to the table.
Therefore, the reality of the
Apple strategy is not that it
has changed, they have not
stopped breaking newground,
but they have changed the
ways in which they are ap-
proaching the subjects that
make their products truly
unique.
The 5S is not a slightly fast-
er iPhone 5 with a fingerprint
scanner, it is instead a new
way of looking at how phones
can be used, again.
This is the same with many
companies. The strategies
employed often focus mes-
sages on the elements which
will change day to day rather
than the ultimate end goal.
Rather than simply saying
what people will have the
change or the slight change
to their role now, look at how
they will be benefiting from it
in the long term.
Also when you are attempting
to communicate your strategy
externally are you truly show-
ing the benefits of what this
strategy will bring or are you
showing simply the small term
changes that will be made to
create the strategy?
11. 11
There are a few people in business
who have done it all. They have
created the startup, they have
steeredthe big guns andtheyhave
shared their skills through univer-
sities. Krista Treide has done all of
this and more.
Having worked internally at both
Reebok and Nike before forming
her own agencies and eventual-
An Interview with Krista Treide,
Partner & Chief Brand Officer,
Made For Good
Yulia Ivanova
Brand Strategy Leader
11
12. 12
ly starting ‘Made for Good’.
This is a unique brand, en-
compassing key CSR ideals in
the overall company strategy
whilst also acting as a con-
sortium for like minded com-
panies. It is a truly unique
company born out of Krista’s
library of experience.
I was lucky enough to chat
with Krista about everything
brand strategy.
Made For Good seems like a
fascinating brand, what gave
you the idea to help found it?
I’m tremendously grateful for
the the amazing experiences
I’ve gleaned in my 23-years
of building some of the world’s
most successful brands.
Seven years ago, I had a se-
ries of life-shattering events
that transformed me forever
and in that period I realized
that while exhilarating, what
my professional endeavors
lacked was meaning.
It was then I took my core
competencies in building and
leading global brands, fused
them with philanthropy and
crafted my first social good
business [Modus] which cre-
ated brands for underserved
demographics and incorpo-
rated a recurring and mean-
ingful give back. People
looked at me like I was crazy
when I explained this concept
back then - and in just under a
decade of amazing prolifera-
tion of philanthro-capitalism,
consumers today are expect-
ing brands to integrate social
and meaningful giving into
their model.
`Made for Good [and my other
social good business endeav-
ors] actually germinated from
the “event” and not an idea,
per say.
Havingworked in the business
for 23 years, how have you
seen the concept of ‘brand’
change in that time?
The last two decades have
delivered such an unimagina-
ble combination of innovation
and economic reshaping that
brands have been forced to
change significantly.
Brands are no longer seated
on a podium, dictating to a
faceless audience. They are
now faced with some of the
most educated, discerning
and focused consumers who
in many cases drive busi-
ness concepts and de-
mand real, two-way
relationships. As
a result, brands
have to work
harder than ever
before to show-
case authentic-
ity and those who
have none are find-
ing it hard to survive.
Brands have had to sharp-
en their storytelling and while
the best will always innovate
at all costs, they are now in-
novating disruptively. Brands
are now thinking more about
their legacy vs. what next year
might look like. It’s become a
dog-eat-dog brandworld and
consumers are fueling brands
13. 13
to be honest and transparent.
It will only become more chal-
lenging for brands in years to
come.
What do you think somebody
needs to succeed in brand
management?
I’m fortunate enough to have
had a great visionary as a
mentor and advocate at the
onset of my career. His guid-
ance made little sense to me
at the time as I was myopi-
cally focused on a role and
arena of brandbuilding. He
strongly guided me to expe-
rience a wide range of roles
[sales, marketing, operations,
finance, brand management,
strategic planning]. His ra-
tionale was that with hands-
on experience within a vari-
ety of matrices, one would
have a much greater
comprehension and
appreciation
of the entire
brand ma-
chine and
how it must
operate sim-
ilar to a food
chain. His ad-
vice couldn’t
have been
m o r e
perfect.
S i n c e
success-
ful brand
m a n -
agement
b e g i n s
with the
foundation
of the brand and permeates
across all responsibilities, it is
imperative for brand leaders
to have broad reaching ex-
periences. Additionally, I’m
a firm believer that anyone
leading a brand must have
time living and leading brands
in other countries. Building a
successful global brand hap-
pens when the brand is both
iconic globally and relevant
locally. If balanced proper-
ly, the brand equity becomes
impenetrable and gives the
brand amazing staying pow-
er.
Do you think a Chief Brand
Officer has moved from be-
ing the voice of the company
to being a conductor of many
voices within the company?
Without question. A Chief
Brand Officer serves as the
evangelist of and for the
brand. When that person is
clear and successful internal-
ly and across all other cate-
gories of the business, brand
soul has great strength and
authenticity beyond the brand
itself and with key stakehold-
ers outside of the brand [re-
tail partners, consumers,
supply chain partners, and
much, much more]. As a re-
sult of the previous question
about “brand change”, the
Chief Brand Officer role has
become increasingly impor-
tant for any successful global
brand looking to ensure it is
authentic and has great stay-
ing power.
14. 14
What Do
You Think
Makes
A ‘Good’
Brand?
Authenticity
Disruptive
InnovationCategory
Creator
Transparency
Emotional
connections with
consumers Great storytelling
Reliability
The ability to build [and
value] an unwavering
legacy
Deliver products
consumers didn’t know
they needed but then
cannot live without
Relevant social good,
integrated into the brand
14
15. 15
Recent research from Innovation
Enterprise Ltd. and The Growth
Strategy Co. has found that over 90
percentofseniorstrategyexecutives
categorize growth as their most
urgent issue. While it is consistently
the proverbial “keep you up at
night issue”, achieving sustainable
business growth, particularly
medium to long-term strategic
growth, remains a challenge for
many companies.
Strategy Automation:
Bringing Strategy into the
21st Century
Wayne Simmons
CEO
The Growth Strategy Co.
15
16. 16
Solving this challenge is the
key value creation opportunity
for companies and strategists
- capital markets consist-
ently reward the companies
that can confidently artic-
ulate strong future growth
stories. Indeed, as much as
70 percent of the enterprise
value of a company is based
on market expectations of its
future growth prospects over
the medium to long-term time
horizons. In essence, compa-
nies create value by taking
action today to generate fu-
ture growth and cash flows
at rates of return that exceed
their cost of capital.
The significance of medium to
long-term growth gets even
more compelling. Growth-fo-
cused companies outperform
the market during good times,
and instead of retreating,
tend to extend their market
positions through the most
challenging times. With en-
terprise value as the prize, the
case for medium to long-term
business growth – and the
mission of strategy executives
and practitioners - becomes
clear and intertwined.
A case for change.
Until the global economic cri-
sis of 2008, it was probably
“OK” for strategy-related dis-
ciplines to focus on annual
strategic planning and get-
ting the mission and vision
statements just right. For the
preceding 30 years, global
gross domestic product (GDP)
was ascendant, new markets
and customers were emerg-
ing and there was a general
sense that “a rising tide lifts
all boats”. In this environment,
companies focused on cre-
ating value largely through
operational excellence and
competing against known
competitors for market share
in known markets, with known
products and known demand.
For strategists in this environ-
ment where “the known” was
the norm, using the previous
5-year strategic plan as the
basis for the next 5-year stra-
tegic plan wasn’t out of the
ordinary. However, after this
inflection point, it became ap-
parent that the “known world”
17. 17
was replaced with an “un-
known world” were structural
change, uncertainty and com-
plexity define the new busi-
ness environment.
Introducing Strategy Auto-
mation.
For practitioners and exec-
utives in strategic manage-
ment, competitive intelligence,
strategic planning, strategic
intelligence and related fields
(we call them modern growth
strategists), this new business
environment requires a major
transformation in the basic
function and focus of strat-
egy-related disciplines. This
new capability is called Strat-
egy Automation.
Strategy automation is a
new category of enterprise
software that is designed for
strategy and related disci-
plines to facilitate the consist-
ent business processes, in-
formation flows, analysis and
collaboration needed to drive
strategic (medium to long-
term) growth outcomes.
What are the benefits of
strategy automation?
Until now, the approaches and
tools needed for strategists to
consistently address strate-
gic growth have been virtually
non-existent. To address that
issue, strategy automation
provides several key benefits
that significantly improve the
modern growth strategist’s
overall value, relevance and
impact in key ways:
• Get strategy into the reve-
nue “game”. The primary fo-
cus of strategy automation
software is to equip compa-
nies with dedicated capabili-
ties to address the medium to
long-term growth that drives
enterprise value creation.
• Provides an information ad-
vantage. Strategyautomation
allows a shift from a manual,
ad hoc and paper-based ap-
proach to an automated ap-
proach that uses the power of
information to organize, ana-
lyze, visualize and take action
on the underlying factors that
drive growth.
• Improved effectiveness.
Strategy automation provides
a platform for more consistent
strategy formulation, problem
solving, and decision-making
leading to more credible and
effective identification, profile
building, targeting and map-
ping of future growth oppor-
tunities.
• Repeatability, consistency
and sustainability. As a uni-
fied platform for strategy, in-
novation and business growth
strategy automation provides
a foundation that makes busi-
ness growth more repeatable,
consistent and sustainable.
• Strategic Clarity. Strategy
automation takes the mystery
18. 18
out of strategy and the val-
ue that it provides. Through
growth-focused metrics, indi-
ces and visualizations modern
growth strategists now have
a clear and consistent way to
articulate, “where the growth
will come from”.
Conclusion: Bringing Strategy
into the 21st Century.
The complexity and intensity
of modern business will
continue to increase. In this
environment, yesterday's
market leaders can quickly
become tomorrow’s laggards.
As companies look beyond
short-term revenue and
current performance, they
often realize that their
traditional playbooks alone
may simply not be enough.
Accordingly, modern growth
strategists can no longer
meet the growth imperative
using disconnected, ad hoc
paper-based processes that
are rooted in 1970s industrial
theory.
When this realization occurs,
a central question becomes:
What’s the alternative?
All the challenges mentioned
are driving demand for a new
generation of strategy and
strategy automation soft-
ware. These combined capa-
bilities elevate the discipline of
strategy away from the 1970s
era of “competitive advan-
tage” to a modern, 21st Cen-
tury variant that is automat-
ed, repeatable and focused on
sustainable business growth.
Equipped with new strategy
automation capabilities, for
the first time, strategists can
use advanced technology to
consistently take the preemp-
tive actions needed to im-
prove the future growth pros-
pects of their companies. For
these modern growth strat-
egists, strategy automation
becomes an engine to reas-
sume a more prominent “seat
at the table”, increase their
relevance to their companies,
and receive well-deserved
recognition as enterprise val-
ue creators.
To learn more, visit
www.growthcloud.com
20. 20
Big data has been
described by several
people in several different
ways, it could be anything
from collecting lots of data
to using the data to track
movements and habits to
make the most of business
situations.
Big Data Strategies
George Hill
Chief Editor
20
21. 21
The definitions are varied, but
one thing for certain is that
with thousands of companies
now using big data systems, it
will change the way that com-
panies work. The conversation
around big data is changing
from an 'it could' to 'it is' and
those who aren't keeping up
will soon find that they cannot
even understand the conver-
sation let alone take part in it.
So how will this change strat-
egy?
Think about the ways that
companies used to work, a
CEO would say 'I think we
should aim our marketing at
this market because they all
like doing this'. This would then
be fed down the company and
the strategy would be imple-
mented and there would be a
new focus on that particular
area. The way that this was
measured was through sales,
donations or interactions. This
would be the primarywaythat
a particular strategy would
have been deemed a success
or failure.
In comes the internet and
changes everything. Now
you can see how many peo-
ple came to your website or
were interested in a particular
product, you could get them
to sign up and send out infor-
mation about products that
they have shown an interest
in. This changed the dynamic,
but was still reliant on several
factors and did not necessarily
have the intuitive and predic-
tive elements that could max-
imise the information needed
for a truly intuitive strategy.
Big data aims to overcome
this limitation through the col-
lection of data and its analy-
sis aims to create insight into
how customers think, how
they perceive products and
ultimately how they respond
to the company. Essentially
big data aligned with flexibility
in strategies allows compa-
nies to be fully dynamic whilst
using customer reaction as a
wind vane to gauge percep-
tions.
This can be done through sev-
21
22. 22
eral elements from sentiment
analysis of a brand on social
media through to the actions
of customers whilst on a web-
site or the ways in which they
are using the smartphone
app. Big data can allow a
company to have constant
feedback, creating a focus
group that is giving feedback
instantaneously and always.
This kind of power allows ex-
perimentation with quick re-
sults and therefore an exciting
and new way to gain feedback
and base strategy on almost
real-time results.
Another benefit that big data
bringsto a strategyisthatwith
data being recorded, a back-
log of historical data based on
a company's customer base
can be created. From this his-
torical data it is possible to use
predictive analytics to predict
the outcomes of certain strat-
egies, based on the data from
what has been done before.
It may be several years until a
company has enough data to
be able to use this technology
accurately, but will herald a
new way to approach strate-
gies.
Big data is here now and com-
panies are utilising it today to
great effect, are you part of
the conversation?
22
24. 24
As the Chief Strategy Officer for a small
community bank operating in the suburbs
of New York City, I am constantly remind-
ed through advertising, event sponsor-
ship and direct competition that my “ri-
vals” include some of the largest financial
institutions on earth. Eight out of the top
ten banks in America operate within our
bank’s footprint. The deposit base of the
smallest bank on this list is 500 times that
Timothy S. McCausland
Chief Strategy Officer
Orange County Trust Co.
War or Peace: Strategies
for Effectively Competing
Against the Giants
24
25. 25
of our bank. That’s the com-
petitive reality which must be
considered in devising strate-
gy for our small company. Yet,
Orange County Trust is a very
profitable bank, returning a
respectable annual dividend
to stockholders and maintain-
ing capital levels that exceed,
by multiples, the legally re-
quired minimums.
Those top ten banks con-
trol about 90% of all US bank
assets. The sheer scale of
this concentration can be
mind-numbing for smaller
competitors. The other 10% is
held by about 7,000 banking
institutions of various sizes,
with the vast majority clus-
tered in a category general-
ly described as “small.” In a
system unique to the United
States, community banks are
the Mom & Pops of American
finance and, for the most part,
serve as the bank-of-choice
for a majority of America’s
small businesses.
So, in markets where commu-
nity banks operate side-by-
side with the money center
banks, what are the strate-
gies that can sustain superior
performance results? More-
over, can these strategies be
modified by other types of
small businesses to compete
against “giants?”
Too Big to Fail as Strategic
Partner
The Merriam-Webster online
dictionary defines the word
pragmatic as a way of “deal-
ing with the problems that
exist in a specific situation in
a reasonable and logical way
instead of depending on ide-
as and theories.” Thus, prag-
matism leads to the strategy
of working with big competi-
tors in circumstances that re-
sults in an overall benefit to
the customer. Since our bank
might not be able to offer a
commercial customer a loan
of the size required for the
customer’s factory expansion,
for example, partnering with a
larger bank to meet the needs
of the customer provides a
solution that is a win for all
parties. It also helps develop
our bank’s reputation as an
active player in the market, all
while sharing the risk with the
larger partner. But, since all is
fair in love, war and business,
the threat of client poaching
must be considered. In my ex-
perience, if the larger partner
bank wants to do Deal No. 2,
they will be respectful of the
various relationships and, in
most markets, word usual-
ly gets around that someone
“chicken-hawked” a customer
out of a participation deal. Not
cool, but it can happen. Try to
get non-compete language in
anypartnerarrangement with
large competitors, but don’t
expect a warm response to
the request. Typically, a large
bank, or any national firm, will
assert the standard line that
25
26. 26
“if we do this for you, we have
to do it for everyone.” In deal-
ing with large, money center
banks, I have been reminded
more than once that the rea-
son and logic of pragmatism
works both ways.
A correlative opportunity in
relationships with large banks
canincludeanoff-loadofbusi-
ness that is simply not profit-
able “enough” for the larger
partner, although it might be
square within the profitability
target of our bank. While the
larger bank might keep cer-
tain elements of the relation-
ship, there can be occasions
where our bank fills in the
gaps, here and there. It might
not be a line of business that
can be accurately forecasted,
but maintaining a working re-
lationship with the larger bank
has its own strategic benefits
for our bank, sometimes be-
yond any particular custom-
er enhancement. Our bank,
like any business, has capi-
tal needs. When it becomes
necessary, having a good re-
lationship with a larger bank,
though a competitor, puts us
in a good position to obtain
favorable terms for our own
“house” financing.
Finally, though not claiming to
be exhaustive of the benefits
in partnering with a compet-
itor, large banks have well-
trained employees and, oc-
casionally, an individual may
find some allure in working for
a smaller outfit. This can be a
delicate dance, of course, but
many larger banks prefer to
maintain a happy stable of
alumni rather than an angry
rabble of defectors.
The Small Experience
Over the years “customer
service” has generally been
averred as the principal dif-
ferentiator between small and
big companies. That is, small
companies were thought to
have a superior nimbleness
that permits broader and
longer hand holding with cus-
tomers. Hand holding is still
important, but only to the
extent it can be justified by
measurable effectiveness.
Smaller firms tend to have
limited resources and owners
usually wear multiple hats,
which can limit the amount
of actual time spent with any
one customer.
Customer service, moreover,
has become a component of
a broader customer contact
strategy designed to create
an enhanced “experience” for
the customer. Old time mar-
keters might bemoan the
MBA-speak of such things as
an “enhanced customer ex-
perience” since keeping the
customer happy has been a
tenet of commerce since the
lumberjack sold logs to Noah,
but when a business provides
a positive, impactful custom-
er experience, the end result
is usually a “sticky,” profitable
26
27. 27
customer.
What is a positive customer
experience? As noted, part
of it is simply being attentive
to customer needs – good
customer service - but cus-
tomers may not always be
knowledgeable of a compa-
ny’s capabilities which, unless
addressed, could result in lost
opportunities or worse; a cus-
tomer departs to a competitor
that deploys all its resources
to snare the customer. Good
customer service is an expect-
ed commodity in all markets,
big and small. Small compa-
nies can no longer realistical-
ly differentiate themselves by
“offering” a high level of cus-
tomer service. Delivering a
positive customer experience
has more to do with learn-
ing something new, being ex-
posed to some practical ap-
plication for one’s business or
personal life and, generally,
experiencing the unexpected.
While small businesses might
not be able to deliver superi-
or customer service in today’s
market, they are, nonetheless,
better positioned to deliver
the positive customer expe-
rience. Small businesses are
not apt to have a “playbook”
carved in stone like bigger
businesses. Each customer
can truly be treated as unique.
Then, by decoding a custom-
er’s commercial genome, a
small business can discover
the possibilities for delivering
the unexpected. This should
not be viewed as a haphazard
process and no business can
expect to be successful with
a hit-or-miss approach. For
small businesses that com-
pete directly with giants, the
single most important strat-
egy for success is an enthusi-
astic, unwavering, committed
embrace of information tech-
nology.
It wasn’t long ago that our
bank self-identified as a “fast
follower” with respect to in-
formation technology. That is,
basic capital allocation priori-
ties limited the amount of re-
sources we could throw at IT
suchthatwewould “follow”the
lead of bigger, resource-lad-
en banks, assuming with fol-
low-on investigations that the
28. 28
IT in question was fully vet-
ted before being deployed. IT
“drafting,” if you will. For some
time, the gap between leader
and follower was, for the most
part, imperceptible to the
customer, but, as IT channels
have increased (social media,
mobile capability, cloud com-
muting) and IT costs have, on
a relative basis, decreased,
the idea of being a technolo-
gy fast follower can hardly be
justified as a prudent strate-
gy.
For small businesses, a sen-
sible, but comprehensive as-
sessment of available IT is a
worthwhile investment – and
strategy - that will likely un-
veil surprises. For our bank,
a recent IT assessment re-
vealed some underutiliza-
tion of technology we already
owned (which is common) as
well as available new appli-
cations and processes that
might have been prohibitively
expensive a few short years
ago. The customer base of
our bank is, like us, primarily
made up of small business-
es. Many of these businesses,
again like us, compete against
much larger competitors. The
small businesses in this cate-
gory that have taken advan-
tage of the advancements
and cost reductions in IT have
been the businesses that ef-
fectively compete (and thrive)
as against their much larger
competitors.
Assessment is vital, of course,
but what becomes even more
critical to sustaining compet-
itiveness for small business-
es is the proper deployment
of the adopted technology
throughout the organization.
It doesn’t help if the boss is the
only one who knows “how it
works.” Central to this concept
is continuous training, update
monitoring and testing of the
IT you own. Underutilization is
usually the result of a tempo-
rary pause, intended or not, in
the use of any particular piece
of information technology. It
creeps in when people are
promoted, transferred, fired,
go on vacation or hide in their
jobs.
There are examples of small
businesses successfully com-
peting against larger rivals in
all corners of American busi-
ness – alcohol production
(craft beer, wine and spirits),
energy (“Small Wind”), agri-
culture (“Farm to Fork”) and
financial services (communi-
ty banks), just to name a few.
In each category, the calculus
for success is built around a
unique, impactful customer
experience. Then, through the
leveraging of relatively inex-
pensive technology with wide
applicability, small business-
es are successfully competing
with the giants in measures
heretofore unseen.
28
29. 29
The time might be right for
executives to stop looking
for new and novel ideas
and to start exploring the
methodology of success-
ful decision making, lead-
ership development and
capital protection upon
which all civilizations have
developed. As technology
29
Thinking Nomadic
Anthony Willoughby
Founder
Mammoth Hunters
30. 30
and information services be-
come even more readily avail-
able and accessible today, the
next great business innova-
tion may very well come from
the fundamentals of wealth
management and leadership
development that have been
with us for thousands of years.
Over the past decades, I have
been working on a visualizing
process called territory map-
ping, obtained from 15,000
year old nomadic principles
and wisdom that draw on re-
sponsibility, authority, contri-
bution and an absolute clarity
of your territory.
This process encourages fu-
ture-thinking organizations to
tackle the most complex busi-
ness situations like nomads
trekking the globe: to under-
stand, value and transcend all
cultural, hierarchal and lan-
guage barriers is to achieve a
new clarity in today’s chang-
ing and challenging commer-
cial landscapes.
Laying the Groundwork
One way to lay the ground-
work for territory mapping is
to go out of the boardroom
and break out of the comfort
zone literally and figurative-
ly, and embark on immersive,
off-the-path experiences –
some people call them adven-
tures.
The scene for a leadership
workshop might be a 100-
year old Chinese building con-
structed around a large inter-
nal shady courtyard. Or the
backdrop of the Great Wall
of China itself. Ian Thubron,
TBWA Greater China Group
President, describes take-
aways from his experience:
“Up on the Wall – there can
be no more powerful meta-
phor for the barriers we face
than the Great Wall of China…
We came away bonded as a
group of leaders, with some
war stories, some legends,
some common language,
and more importantly a clear
plan per office, of some of the
things they need to do to help
us be more TBWA; how to
build the culture, how to ener-
gise staff, how to collaborate,
how to make ourselves more
attractive to clients and pros-
pects. A huge array of ideas.”
Global Business Nomads
The Omnicom Group Inc. ap-
plies territory mapping tech-
niques in developing the
workforce and attracting “the
31. 31
brightest and most creative
talent.” Creating a common
corporate language is also a
focus of Express Automation
in Kenya as they use nomad-
ic principles to get people to
take more responsibility for
the destiny of the company.
A well known vaccuum clean-
er producer used the concept
of territory in strategizing the
entry of their new air treat-
ment fans to new market cat-
egories in North America, Chi-
na and Australia. The board
of Aviva Group in Turkey and
the executives of Cigna Glob-
al Health also have embarked
on semi-nomadic journeys to
gain insight into new methods
of growing their business and
developing talent.
Situating talent development
in locations that disconnect
employees from the modern
way of life (no Internet ac-
cess, dormitory accommoda-
tion, hot water and electricity
optional) allows for intensive
32. 32
engagement within the core
group. Participants discover
that it lets them focus on in-
vesting in the will power and
morale of the team. If a com-
pany builds trust in employ-
ees, it leads to individual ful-
fillment which creates group
motivation. At the same time,
the motivation of the group
inspires individuals to lead
in ways that generate more
profitable, competitive and
happier firms.
Immersion in Indonesia
Not all organizations choose
such remote locations to in-
spire employees because they
disconnect people from their
business realities. One for-
ward looking Japanese elec-
tronics firm is using immer-
sion as a strategy to connect
key players into the realities
of what they see as a bur-
geoning emerging market.
This electronics giant aims to
develop the mindset and skills
of its staff to tie in project op-
portunities with infrastructure
development in Indonesia.
The company sent seven ex-
ecutives from Japan, to join
two Indonesian research-
ers as part of their mindset
and skills training. The map-
ping and discussion sessions
took place in various settings:
Borobudur, a 9th century
Mahayana Buddhist Temple
in Central Java; a climb to
Mount Merapi, dubbed one of
the most active and danger-
ous volcanoes on Earth; then
back to the seminar rooms for
intensive brainstorming.
Herders, Warriors, Leaders
The stunning locations are
just a backdrop – such set-
tings work because of the in-
teraction with and learning
from the culture and wisdom
of the people inhabiting these
landscapes.
For many years I have been
taking foreign executives to
spend time with the Maas-
ai people of East Africa to
explore leadership and val-
ues. A famed tribe of herd-
ers and warriors, the Maas-
sai stays true to a traditional
semi-nomadic way of life that
has allowed the tribe to farm
deserts and scrublands for
generations, and survive the
most devastating droughts
and natural disasters – a rel-
evant model for a world fac-
ing the challenges of climate
change, energy consumption
and resource availability.
"Nomadic lifestyle takes us into others' territory.
How we approach this is by sharing what we can
do, and being respectful by taking care not to
damage territory."
33. 33
For a week, executives walk,
talk and sit around camp fires
with Maasai elders, warriors,
women and children. These
discussions provide the ex-
ecutives with fascinating in-
sights into the nomadic way of
life and how it has enabled the
Maasai to thrive, adapt and
prosper in changing and hos-
tile environments. By exam-
ining Maasai core competen-
cies, participants can design
their framework for building a
successful organization, which
is anchored on clarifying and
aligning responsibility, au-
thority and accountability of
their key stakeholders.
Milia (Emmanuel) Manku-
ra, a Maasai elder and col-
league who co-facilitates pro-
grammes with me, highlights
the core values of stability and
knowing who you are – impor-
tant traits for sustainability
and adaptability. According to
Mankura, “Nomadic lifestyle
takes us into others' territo-
ry. How we approach this is
by sharing what we can do,
and being respectful by taking
care not to damage territory.”
The practice of nomadic cattle
herding and ways of thinking
that Mankura demonstrates
can be applied to modern
business systems of decision
making, people development,
resource management and
organizational structure. Us-
ing nomad principles as a
framework, we sit down with
the chief and the head of HR
and work with the executive
team to help employees un-
derstand, own and take re-
sponsibility for delivery of the
corporate mission.
The experience highlights a
key Maassai principle: ensur-
ing everything a person learns
is useful and has a relevant
application is to instill pride
and confidence in their own
identity and ensure their con-
tribution to the community.
Mapping is a useful technique
for people to explore both
33
34. 34
their inner territories (who they are as busi-
ness leaders) and their business terrain (their
organizations, their markets, the econom-
ic landscape). Having a clear sense of how
everything fits together grows the needed
inspiration, passion and courage as we claim
our space and share the world with others.
Anthony Willoughby is an explorer, entrepre-
neur and team builder. He is a Founding Part-
ner of Mammoth Hunters.
Note: Re-published with permission from The HR
Agenda Magazine, published by The Japan HR
Society (JHRS). Original article link: http://bit.
ly/18mgx68