How can organizations follow a dual strategy when business is going well but change is inevitable? Keep the existing business going…but use the Hierarchy of Powers to implement a parallel strategy to position for success in a new future. Learn what the Hierarchy of Powers is, and how it can be leveraged to build a … Read more
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 provides an overview of the McKinsey Digital Quotient Framework. It then unpacks the components and sub-components of the framework, and identifies impacts of the framework to both strategy and project management. Finally, it identifies implications for an organization’s future. What Is the McKinsey Digital Quotient Framework? The following 1-minute video from McKinsey & … Read more
This post has outlines the relevance and importance of the Dynamic Capabilities Framework in today’s competitive and rapidly changing environment. It delves into the detailed elements of the framework, and provides examples of the use of dynamic capabilities in several types of organizations. Finally, it discusses its impact and relevance to both strategy and project … Read more
This post focuses on one unique quadrant of the BCG Growth Share matrix – the Star. It goes deep and hand-on into the defining attributes that make a Star, discusses implication for strategy, and goes into applications in project management. The Star – and Growth and Share as Strategic Factors What is a Star – … Read more
This post explores ABC Analysis – a framework and technique use in inventory analysis. It further explores where it applies to strategy and project management – and strategic project managers. What Is ABC Analysis? ABC analysis refers to the classification of inventory items into three classes, A, B. and C. Inventory items are classified based … Read more