“We are social creatures to the inmost center of our being.”
– Karl Popper
As referred to more often in earlier posts, the success rate of strategy execution is incredibly low. The fail percentages found in scientific studies range from as low as 7 % to as high as 90 %, with an average of about 50% (these percentages come from a 2015 review article by Candido and Santos…Details
In a world that is constantly changing, a strategy cannot remain unchanged. It is therefore often suggested that today’s world is more dynamic and complex than ever and that strategy should therefore be adaptive, agile, flexible or any other term that is used to reflect change. As argued in an earlier post on agile strategy,…Details
Strategy is very much about alignment. It centers on creating a coherent whole of all the different bits and pieces in an organization. This doesn’t mean that everyone in the organization has to think the same or even agree with the strategy. No, it means that everything the organization does, in one way or the…Details
During my last post we established the metaphor that value creation is the life of any business. A business that does not create value cannot exist. The mechanism for value creation is a business’s offerings. With respect to biological life, every living thing can be defined in terms of its DNA (i.e. the four molecules…Details
In one sense, strategy is pretty complex. As discussed in my two previous posts, strategy consists of no less (and no more) than ten elements that together form a dynamic cycle of sustainable value creation. Gaining good insights into these elements and their relationships, managing them and changing them is a real challenge, especially in…Details
Within the new paradigm of Grounded Strategy (i.e. as opposed to Traditional Strategy) – Strategy is defined as “The unique way a business creates value via its offerings”. Now, there are several key ideas (Offerings, Unique Way, Grounded Strategy, Traditional Strategy, etc.) associated with this definition. I will seek to address each of these key…Details
Following up on the discussion of what strategy is and why we need strategy I want to give some further explanation of the Strategy Sketch and the ten elements of which it is composed. This is important for two reasons. First, it gives you a better understanding of what strategy is and how the ten elements of which it consists…Details
In a recent post I discussed what strategy is by giving the following definition: an organization’s strategy is its unique way of sustainable value creation. This definition is basically the one I used in The Strategy Handbook and if you have read the book you might want to skip the rest of this post as it…Details
In my previous posts I gave a definition of what strategy is and why your strategy should be grounded. What I have not discussed yet very explicitly though, is why you would need a strategy in the first place. On the one hand this may be obvious: every organization needs to think about the long…Details
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