resource preview
resource preview
resource preview
resource preview
resource preview
resource preview
resource preview
resource preview
resource preview
resource preview
resource preview
resource preview
resource preview
resource preview
resource preview
resource preview
resource preview
resource preview
resource preview
resource preview
resource preview
resource preview
resource preview
resource preview
resource preview
resource preview
resource preview
resource preview
resource preview
resource preview
resource preview
resource preview
resource preview
resource preview
resource preview
resource preview
resource preview
resource preview
resource preview
resource preview
resource preview
resource preview
resource preview
resource preview
resource preview
resource preview
resource preview
resource preview
resource preview
resource preview
resource preview

Download and customize this and 500+ other business templates

Start here ⬇️

Voila! You can now download this Presentation

Download

Preview

Synopsis

Over the years, the business world has developed numerous frameworks to analyze issues, structure thought processes, articulate feedback, set goals and develop a blueprint for success. Our Business Strategies and Frameworks (Part 1) contains the most popular, proven frameworks. Together, they make a valuable toolbox to help you apply the content, diagrams and graphs to your next project and overachieve.

stars icon
24 questions and answers
info icon

Some future trends in business frameworks could include a greater emphasis on sustainability and social responsibility, increased use of data analytics, more focus on innovation and agility, and the integration of artificial intelligence and machine learning technologies.

These frameworks can be used to improve business performance by providing a structured approach to problem-solving, goal setting, and strategic planning. They can help in analyzing issues, articulating feedback, and developing a blueprint for success. By applying these frameworks to your projects, you can enhance your decision-making process and achieve better results.

When selecting the right framework for a specific project, consider the following tips: Understand the project requirements and goals. Evaluate the complexity and size of the project. Consider the skills and expertise of your team. Research the scalability, performance, and security features of the framework. Check the community support and documentation available for the framework. Lastly, consider the learning curve associated with the framework.

View all 24 questions
stars icon Ask AI
info icon

Download and customize this and 500+ other business templates

Start here ⬇️

Voila! You can now download this Presentation

Download

Slide highlights

Use this slide for Value-Based Management (VBM) – the management philosophy and approach that allows and supports maximum value creation in businesses, normally the maximization of shareholder value.

resource image

The strategic triangle (3C's) allows you to establish the competitive position of the venture. It's based on the idea that competitive advantage is defined by the ability to deliver better value to customers at a lower price than competitors.

resource image
stars icon
25 questions and answers
info icon

The key considerations in choosing between Value-Based Management (VBM) and other management philosophies include understanding the goals of the organization, the nature of the business, and the competitive environment. VBM focuses on maximizing shareholder value, so it's suitable for businesses that prioritize shareholder returns. Other philosophies might focus on customer satisfaction, employee engagement, or sustainability, and might be more suitable for businesses with different priorities. It's also important to consider the practicality of implementing the philosophy in the business context.

The strategic triangle, also known as the 3C's, contributes to a company's market positioning by helping to establish its competitive position. It's based on the idea that competitive advantage is defined by the ability to deliver better value to customers at a lower price than competitors. This approach supports maximum value creation in businesses, typically the maximization of shareholder value.

Some best practices for implementing Value-Based Management include: understanding the company's mission and vision, aligning all business activities and decisions with the goal of maximizing shareholder value, using performance metrics that are linked to value creation, promoting a culture of value creation throughout the organization, and continuously monitoring and adjusting strategies based on market conditions and performance results.

View all 25 questions
stars icon Ask AI
info icon

Overview

This deck includes the following business strategy frameworks: Strategic dialogue, Blue Ocean Strategy, Value Disciplines, Porter's Five Forces Analysis, Value-Based Management, Market Attractiveness Business position Assessment (MABA) Analysis, Six Sigma, Roadmapping, Big Hairy, Network Analysis, Value Stream Mapping, EFQM, Curry's Client, Branding Pentagram, Baldrige Excellence, 3C Strategic Triangle, Strategy Development Model, Hierarchy of Needs, Industry Cost Curve, VRIO Analysis, Opportunity/Vulnerability, Cause-and-Effect-Diagram, APQC Framework, Six Steps to Kaizen. Toyota Production System, Five Learning Disciplines and 5C Marketing Analysis.

stars icon
25 questions and answers
info icon

The potential challenges in implementing these business strategy frameworks could include: understanding the complexity of each framework, ensuring alignment with the company's goals and objectives, securing buy-in from all stakeholders, allocating sufficient resources for implementation, and measuring the effectiveness of each framework.

Business strategy frameworks can be adapted to different industries by understanding the unique characteristics and needs of each industry. This involves analyzing the industry's competitive landscape, customer behavior, market trends, and regulatory environment. The framework should then be tailored to align with these factors. For instance, the Value-Based Management framework can be adapted to a manufacturing industry by focusing on strategies that increase operational efficiency and reduce costs, while for a service industry, the focus could be on improving customer service and enhancing customer value.

Some alternative strategies that are not mentioned in this deck could include the Blue Ocean Strategy, which focuses on creating new market space or 'Blue Ocean' rather than competing in an existing industry. Another could be the Ansoff Matrix, a strategic planning tool that provides a framework to help executives, senior managers, and marketers devise strategies for future growth. The BCG Matrix could also be considered, which is a method for a corporation to analyze its business units and product lines for strategic decision-making. If you're looking at marketing strategies specifically, the 7Ps of Marketing could be useful.

View all 25 questions
stars icon Ask AI
info icon
resource image

Download and customize this and 500+ other business templates

Start here ⬇️

Voila! You can now download this Presentation

Download

Application

With such an abundance of strategic frameworks to choose from, it's easy to get overwhelmed with options. Harvard Business Review (HBR) recommends using a "strategy palette" when navigating different options and choosing a framework based on the strategic environment. The five strategy environments, according to HBR, are:

stars icon
25 questions and answers
info icon

Future trends in the field of strategic frameworks and environments may include the development of more flexible and adaptable strategies that can respond to rapidly changing business environments. There may also be a greater emphasis on strategies that incorporate sustainability and social responsibility. Additionally, the use of data and analytics in strategic decision-making is likely to increase.

The strategy palette is a comprehensive tool that allows for flexibility and adaptability in strategic decision-making. Unlike many other tools, it doesn't prescribe a one-size-fits-all approach but instead offers a range of strategies to choose from based on the specific environment. This makes it a versatile and dynamic tool that can be tailored to different situations and contexts.

Implementing the strategy palette in a complex business environment involves understanding the five strategy environments and applying the appropriate strategic framework for each. It's important to assess the business environment, identify which of the five environments it falls into, and then apply the corresponding strategy. Regularly review and adjust the strategy as the business environment evolves.

View all 25 questions
stars icon Ask AI
info icon
  1. Classical – classical approach to strategy assumes that the world is predictable, that the basis of competition is stable and that advantage, once obtained, is sustainable. Given that the business leaders have no control over their environment, they seek to position themselves optimally within it based on superior size, differentiation or capabilities.
  2. Adaptive – adaptive strategy is used when the business environment is neither predictable nor malleable. "When prediction is hard and advantage is short-lived, the only shield against continuous disruption is a readiness and an ability to repeatedly change oneself. In an adaptive environment, winning comes from adapting to change by continuously experimenting and identifying new options more quickly and economically than others," the experts say.
  3. Visionary – a visionary approach assumes that an environment can be created or re-created by the business itself. Although the environment may appear uncertain to others, visionary leaders win by being the first to introduce a revolutionary new product or business model.
  4. Shaping – when the environment is unpredictable but malleable, the extraordinary opportunity to lead the shaping or reshaping of a whole industry (before any rules have been defined or tweaked) arises. Such an opportunity requires collaboration with others because one venture can't shape the industry alone and needs others to share the risk with and develop the new market quickly before competitors catch up.
  5. Renewal – the purpose of the renewal strategy is to restore the vitality and competitiveness of a venture when it finds itself in a harsh environment. In this case, you need Crisis Management frameworks.
stars icon Ask AI
info icon
resource image
resource image

Case study

American Express and Six Sigma

American Express (AmEx) started its Six Sigma journey with a pilot initiative back in 1998, and by 2001, Six Sigma became part of the Global Reengineering initiative and was integrated more and more into the company. In 2004, Six Sigma projects were responsible for nearly half the benefits from reengineering activities at AmEx, according to high-tech B2B media firm, iSixSigma.

stars icon Ask AI
info icon

AmEx uses Six Sigma to reduce errors in existing processes and applies it in product development to "build quality from the start." The company executives believe that the Six Sigma framework supports both their commitment to quality and to achieving best-in-class economics. "We have leveraged and will continue to employ Six Sigma methodologies to achieve ongoing reengineering benefits throughout the organization. In fact, this year, approximately $500MM of the identified reengineering benefits are attributable to our Six Sigma efforts," AmEx former Executive Vice President and Chief Financial Officer Gary Crittenden said about the framework.

stars icon Ask AI
info icon

Download and customize this and 500+ other business templates

Start here ⬇️

Voila! You can now download this Presentation

Download