Download and customize hundreds of business templates for free
'Strategy Beyond the Hockey Stick' has significantly influenced corporate strategies by introducing the concept of the Power Curve and the importance of probabilities in decision-making. It emphasizes that a company's position on the Power Curve is often sticky, and moving up requires identifying and nurturing the business unit with the potential for breakout growth. This approach has led to a more realistic evaluation of risks and better decision-making in many organizations. It has also highlighted the importance of managing social dynamics in the strategy room to ensure that breakthrough ideas are not diluted into safe options.
Question was asked on:
The Power Curve is sticky. The odds of a company moving from the middle to the top quintile over ten years is just 8% percent. 78% of firms in the middle quintiles, 59% of those in the top quintile, and 43% of firms in the bottom quintile remained at the same position ten years later. Among 101 companies that moved up a quintile, two-thirds of the time it was due to just one business unit creating the breakout. Correctly identifying that business unit and feeding it the resources it needs for breakout growth can determine your organization's progress on the Power Curve. Bringing probabilities to the table can lead to a more realistic evaluation of risks and better decision-making.
Asked on the following book summary:
McKinsey & Co. partners wrote this book. How do you effectively turn the promises of strategy meetings into reality? How can you manage social dynamic...
Download and customize hundreds of business templates for free
How do you measure the impact of individual members of the team, investors, customers, or even regulatory agencies on a project's success or failure? Projects often include stakeholder analyses to evaluate and prioritize participants and key players based on their influence, attitudes, interest, and potential risk. Use the Stakeholder Analysis framework to identify threats, opportunities, and ultimately create better end products.
Do you find it hard to appease investors? Our Investor Report presentation provides the most important talking points in front of board members and stakeholders and allows the investor relations team to highlight recent wins and secure future support.
Want to save hours on the design and layout of your next quarterly report? Use this presentation template to translate important information into a digestible report to be distributed between teams and stakeholders. Quarterly reports incorporate pages and pages of documents, so save hours of work with this completely customizable presentation.
Need to better retain your biggest customers and maximize their values? Use our Key Account Management presentation for the top tools to manage the accounts that matter the most to your growth. After account managers land clients, an excellent relationship is vital to bring in recurring revenue and even upsell with higher margin.