Cost Structure is the final component step to completing the business model canvas. This post provides an overview of the importance of Cost Structure as a canvas component, gives guidance on how to approach identifying the Cost Structure for a business, looks at different types of Cost Structures, and looks at the implications of Cost … Read more
Identifying Key Partners that fit into a business model can be an effective way to fill operational gaps. This post explores how Key Partners fit into the business model canvas, strategic considerations for partnering, and aspects of partnering that present challenges and opportunities on projects. Does an Organization Need Partnerships? ‘Partners’ occupies a clear and … Read more
Key Resources encompass people as well as other important assets that are needed in order to execute a business model. As with managing projects, without Key Resources, nothing will happen! This post provides an overview of the Key Resources block on the business model canvas, provides related considerations for organizational strategy, and outlines the impact … Read more
Every organization possesses core capabilities. Those ‘human’ capabilities can be captured and managed through a Universal Competency Framework. That means an organized product that incorporates capabilities that are core to the organization’s mission – PM and otherwise. Let’s take a look at the nuts and bolts. Let’s Define Competency Framework A Competency Framework is a … Read more
Leadership is about identifying the key problems and opportunities in a situation, and marshaling the resources to accomplish the objectives. It can be helpful to learn how others before us have handled leadership challenges. This is what Tipping Point Leadership provides – a framework for leading based on successful experiences in the most challenging situations. … Read more
The Prisoner’s Dilemma is a well-known game where we can learn about human behavior. It is part of the area of Game Theory. This post looks at what the Prisoner’s Dilemma is, how it applies to strategy and project management, and how insights from it can be used to improve outcomes. Basic Prisoner’s Dilemma Explained … Read more