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Showing posts with the label corporate strategy

Mapping Your Market Pool and Potential Profits

Knowing in which market a business should compete and the tasks needed to earn profit are necessary for sustainable growth. A paper by Gadiesh and Gilbert (1998) helps strategic decision makers think about their profit pools and how to earn sustainable profits.   Some companies have declined because they were trapped in drying pools and didn’t consider other possibilities in creating new revenue streams. Mapping a profit pool affords the opportunity to see which activities are earning them revenue and which should be adjusted. Furthermore, it also provides an opportunity to open the underlining industry structure and determine which economic forces and pressures are impacting their opportunities. To understand the environment creates greater opportunity for strategic thinking.  Mapping the value pool is a process of outline the value chain activities and then the potential profits of each. It is a process of defining boundaries, estimating the pool’s size, value-chain p

Developing Strategy through the Creative Process

Creativity is an important component of strategic thinking. Those who are able to imagine and think through varying scenarios are capable of predicting the end game.  Research by Larson and Angus helps shed light on the process of creative learning and its association with developing critical strategies (2011). This learning can start in high school and move into the early college years. Creative learning may continue through one’s lifetime. The development of agency is an important tool for achieving goals and ensuring the ability to move through a changing environment.  Projects in young adulthood and early college can help to develop the mental faculty of seeing projects to their completion as well as thinking creatively about solving problems. Education should have a level of creative faculty to develop these skills to match concrete content learning. Agency skills also develop the ability to have executive control over one’s own thoughts, learn new cognitive tools, deve

The Development of Strategy in Small and Medium Organizations

Strategy formation may be one of the most important aspects of managing a company. Without a proper strategy the ship bounces around the sea in hopes of finding fruitful land. How that strategy is formed is often a difficult question to answer. Research by Pop and Borza, (2013) helps to determine how strategy works within small and medium organizations (SME). This helps further solidify the concept that strategy is based     upon the environment and resources available that help to make companies more competitive. In developing strategic decisions it is important for managers to interpret the signals coming from the internal and external environment appropriately. Doing so creates an opportunity to formulate strategies not only for their daily operations but also for long term corporate interests. It is this strategy that will act as a guide to regeneration and renewal that leads to corporate achievement.  Successful strategies are developed, implemented and then re-evalu

Developing Corporate Strategies

As the market becomes chaotic the need to change the strategic formation models becomes apparent to match this need. Strategic behavior is associated with capital resources and the competencies of the corporation. A paper by EL Namiki in the Ivey Business Journal (2013) helps in furthering the Systemic Strategy Analysis Model (SSAM) of strategic thinking which understands the flows of thought formation within companies in order to analyze a company’s competitive position. Strategic behavior is seen as a process of developing and enacting choices. Systematic strategic behavior focuses more on the developing and enacting of choices that are in alignment with the structural and environmental constraints of an organization. Strategic business choices, by their nature, are more confined than those enacted by individuals. Proper analysis is needed to define corporate strategy. Where resources and company attributes meet each other there is a strategy that could be developed to fu