This post dives into the profitable concept and practice of Value Innovation. It defines it, compares and contrasts it from similar approaches, and then looks at the impact of leveraging Value Innovation in the practice of strategy and project management – developing a Value Innovation Strategy. What Is a Value Innovation Strategy? “Value innovation” is … Read more
This post explains what the Strategy Canvas tool is, and how to create a basic Strategy Canvas. It then walks through several examples – generically and for two real companies. Finally, it details the use and benefits of the tool for practicing strategy and project management. What is the Strategy Canvas Tool? The Strategy Canvas … Read more
This post reviews the Four Actions Framework, first providing a simple definition and describing what makes it different and appealing. Then it provides three examples each of public sector and private companies and how they have each uniquely applied the framework. Then it looks at how the framework can be applied in devising strategy, and … Read more
This post introduces the Buyer Value Equation – a simple concept that is challenging in practice but a powerful and focusing. It then digs deeper into the two components of the framework: Benefits and Cost. For clarity, it discusses the pros and cons of the framework. Finally, it looks at the impact and application of … Read more
This post provides an overview of the VRIO analysis framework, a very useful framework today for both strategists and PM’s. It then does a deep dive into each component of the framework, with examples. The post then provides specific areas where the framework can be most effectively applied as part of a strategic analysis. Finally, … Read more
This post takes a strategic view of the project management software landscape. First, it identifies a dozen key features of PM software. Then it compares functionality across those key features for 10 popular PM software vendors. Next it identifies strategic implications by citing 5 strategy frameworks that can be helpful. Finally it identifies project management … Read more
Strategy and Project Management demand a wide base of skills. It’s not just about strategy frameworks and PM approaches. This post examines basic psychology principles. It surveys key formal principles, and more from seasoned “feet on the ground” in the business world. Finally, it looks at where these principles apply directly in practicing strategy and … Read more
This post looks in depth at the piece parts of agile portfolio management. After defining agile portfolio management, it delves into some of the specific agile principles at work. Then it identifies the key portfolio management activities and how they play a role. Then it looks at the role of strategy in agile portfolio management. … Read more
This post looks at the mental models of the late renowned investor, Charlie Munger. It describes those mental models using Charlie’s ‘checklist’, where his values intersected with his action steps. Finally, the post applies these same steps to strategy and project management, identifying similarities and differences, all to stimulate thinking as a strategic project manager. … Read more
This post provides an overview of the “Meta City” phenomenon – a fascinating evolution of society and geography. It then provides examples of three large organizations and how they are moving in new directions strategically and operationally, in line with Meta Cities. Finally, the post discusses several impacts to consider in the practices of strategy … Read more