NATIONAL BLACK MBA ASSOCIATION INC. CENTRAL FL CHAPTER MOVING BEYOND THE STARTUP: TAKING YOUR BUSINESS TO THE NE...
1. WHERE DO YOU WANT YOUR COMPANY TO BE? 2. HOW DO YOU GET YOUR COMPANY WHERE YOU WANT IT TO BE? STRATEGIES FOR SUCCESS
HOW DO YOU GET YOUR COMPANY WHERE YOU WANT IT TO BE? THROUGH STRATEGY FORMULATION AND STRATEGY EXECUTION
THE HIERARCHY OF FOUR MAJOR TYPES OF STRATEGIES: CORPORATE BUSINESS FUNCTIONAL PROCESSES STRATEGY:
STRATEGY: THE FOUR MAJOR TYPES OF STRATEGIES: <ul><li>CORPORATE: WHAT BUSINESS OR BUSINESSES TO BE IN; BASIC CONDUCT <...
THE ELEMENTS OF STRATEGIC FOCUS STRATEGY INNOVATION LEADERSHIP PEOPLE CHANGE VISION www.expresscertifications....
STRATEGY FORMULATION
INNOVATION AS A KEY COMPONENT WHY INNOVATION? BECAUSE IT SHAKES THINGS UP AND CHANGES THE RULES OF THE GAME
THE KEY QUESTION YOU MUST ASK YOURSELF IS: WHY WOULD ANYBODY BUY WHAT YOU SELL AS OPPOSED TO WHAT YOUR COMPETITION SEL...
GARDEN OF EDEN POWER ALLEY POWER ALLEY DEATH VALLEY ZONE OF COMPETITIVEBATTLE LOSING COMPETITIVNESS LOW LOW HIGH HIGH RELA...
POWER ALLEY POWER ALLEY DEATH VALLEY ZONE OF COMPETITIVEBATTLE LOSING COMPETITIVNESS LOW LOW HIGH HIGH RELATIVE DELIVERED ...
MOST SUCCESSFUL DIFFERENTIATION AND LOW COST STRATEGIES RESULT FROM INNOVATION
KEY RELATIONSHIPS — 90% of the Time Product/Service Process Innovation Innovation Relative Differentiation Relative Lo...
THE INNOVATION EQUATION C (X) IOC (X) SSE = I Creativity Innovative Supportive Innovation Organizational...
SUCCESS DOESN’T ALWAYS DEPEND ON INNOVAITON AS WE WOULD NORMALLY THINK ABOUT THAT TERM. SUCCESS COULD BE BASED ON ADOPT...
HOW DO YOU GET YOUR COMPANY WHERE YOU WANT IT TO BE? STRATEGIES FOR SUCCESS: #1. SOME CREATIVITY TOOLS CREATIVITY
LOOKING FOR INCREMENTAL INNOVATION:? CREATIVITY TOOL # 1: SCAMPER
SCAMPER — Product or Service S ubstitute? C ombine? A dapt? M agnify?/ M odify? P ut to Other Uses? E liminate?/Minify? R ...
LOOKING FOR INCREMENTAL OF BIG BANG INNOVATION? CREATIVITY TOOL 2: MIND MAPPING
MIND MAPPING
Problem Statement PROBLEM STATEMENT
LOOKING FOR BIG BANG INNOVATION? CREATIVITY TOOL 3: LOTUS BLOSSOM
LOTUS BLOSSOM
<ul><li>LOTUS BLOSSOM: SUMMARY OF STEPS </li></ul><ul><li>Define problem, idea, or issue and place it in the center of a s...
ISSUE, NEW TECH H B C D F G A E
A 7 8 1 3 2 5 6 4
LOOKING FOR BIG BANG OR INCREMENAL INNOVATION? CREATIVITY TOOL 4: CROWD SOURCING
STRATEGY EXECUTION:
HOW DO YOU GET YOUR COMPANY THERE? STRATEGIES FOR SUCCESS 2. THE 8Ss OF STRATEGY EXECUTION
TWO WAYS FOR EXAMINING BUSINESS STRATEGY EXECUTION: 1.EXECUTE USING FUNCTIONAL STRATEGIES 2. EXECUTE USING CROSS FUNCTION...
REGARDLESS OF SIZE 1, 5, 25, 50, 100 OR A 10,000 EMPLOYEES, OR $100K, $1M, $5M, $25M, OR A $100M IN SALES
FUNCTIONAL STRATEGIES THAT IMPLEMENT BUSINESS STRATEGY: R&D FINANCE OPERATIONS MARKETING HUMAN RESOURCES INFORMATION
Vision/ Strategic Intent Mission Core Values Goal 1 Goal 2 Goal 3 Goal 4 Goal 5 Goal 6 Goals
Goal 1 Objectives
Vision/ Strategic Intent Mission Objectives Core Values <ul><li>Objectives Distributed to a Function—Marketing, Finance, O...
OBJECTIVES DISTRIBUTED TO FUNCTIONS O 1 O 2 Objectives Distributed to a Function, for example, Marketing 1. Sales 2. Mkt...
EXECUTION OBJECTIVES DISTRIBUTED ACROSS FUNCTIONS O 7 O 8 O 9 O 10 O 11 O 12 Execution Objectives Distributed to all Func...
HOW DO YOU GET YOUR COMPANY WHERE YOU WANT IT TO BE? STRATEGIES FOR SUCCESS: # 2. THE 8 S’s
SEVEN CROSS FUNCTIONAL STRATEGIES : <ul><li>STRATEGY AND PURPOSE: (VISION, GOALS, OBJECTIVES: CORPORATE, </li></ul><ul><l...
Vision/ Strategic Intent Mission Objectives Core Values Goal 7 Goal 8 Goal 9 Goal 10 Goal 11 Goal 12 Goals STRATEGY STRUCT...
Structure Systems Strategy Shared Values Style Staff reSources CONTEXT STRATEGIC (aligned) PERFORMANCE EIGHT S’s OF STRA...
Structure Systems Strategy Shared Values Style Staff reSources SP EIGHT S’s OF STRATEGY EXECUTION CONTEXT STRATEGIC (alig...
Structure Systems Strategy Shared Values Style Staff reSources SP EIGHT S’s OF STRATEGY EXECUTION CONTEXT STRATEGIC (alig...
Vision/ Strategic Intent Mission Objectives Core Values Goal 1 Goal 2 Goal 3 Goal 4 Goal 5 Goal 6 Goals
STRATEGY PROCESS PERFORM ENVIRON-MENTAL ANALYSIS DETERMINE VISION, MISSION ESTABLISH GOALS OBJECTIVES CRAFT STRATEGY EXECU...
STRATEGY STRUCTURE SYSTEMS STYLE STAFF RESOURCES SV STRAT PERF MKT FIN OPS HRM R&D INFO INNOVATION MKT STRAT MKT STRUC MKT...
IN REVIEW: TWO STRATEGIES FOR SUCCESS FOR GETTING YOUR COMPANY WHERE YOU WANT IT TO BE: 1. INNOVATION: FOUR TOOLS: SCAMPE...
ON YOUR WAY OUT, GRAB A COPY OF 101 CREATIVE PROBLEM SOLVING TECHNIQUES THANK YOU AND BEST WISHES FOR STRATEGIC SUCCESS
 
OBJECTIVES DISTRIBUTED TO FUNCTIONS Objectives Distributed to another Function, for Example, Operations 4. Quality 3. Pr...
OBJECTIVES DISTRIBUTED TO FUNCTIONS Objectives Distributed to other Functions, for Example, R&D and Logistics . 6. J...
of 51

NATIONAL BLACK MBA ASSOCIATION INC.

Published on: Mar 3, 2016
Source: www.slideshare.net


Transcripts - NATIONAL BLACK MBA ASSOCIATION INC.

  • 1. NATIONAL BLACK MBA ASSOCIATION INC. CENTRAL FL CHAPTER MOVING BEYOND THE STARTUP: TAKING YOUR BUSINESS TO THE NEXT LEVEL, 4-24-10
  • 2. 1. WHERE DO YOU WANT YOUR COMPANY TO BE? 2. HOW DO YOU GET YOUR COMPANY WHERE YOU WANT IT TO BE? STRATEGIES FOR SUCCESS
  • 3. HOW DO YOU GET YOUR COMPANY WHERE YOU WANT IT TO BE? THROUGH STRATEGY FORMULATION AND STRATEGY EXECUTION
  • 4. THE HIERARCHY OF FOUR MAJOR TYPES OF STRATEGIES: CORPORATE BUSINESS FUNCTIONAL PROCESSES STRATEGY:
  • 5. STRATEGY: THE FOUR MAJOR TYPES OF STRATEGIES: <ul><li>CORPORATE: WHAT BUSINESS OR BUSINESSES TO BE IN; BASIC CONDUCT </li></ul><ul><li>BUSINESS: HOW TO COMPETE IN A BUSINESS; WHY WOULD ANY BODY BUY WHAT YOU SELL AS OPPOSED TO WHAT THE COMPETITION SELLS? INNOVATION: TWO TECHNIQUES </li></ul><ul><li>FUNCTIONAL: STRATEGIES FOR EXECUTION OF BUSINESS FUNCTIONS CHANGE: EIGHT S’s </li></ul><ul><li>PROCESSES: STRATEGIES FOR EXECUTION OF PROCESSES </li></ul>
  • 6. THE ELEMENTS OF STRATEGIC FOCUS STRATEGY INNOVATION LEADERSHIP PEOPLE CHANGE VISION www.expresscertifications.com
  • 7. STRATEGY FORMULATION
  • 8. INNOVATION AS A KEY COMPONENT WHY INNOVATION? BECAUSE IT SHAKES THINGS UP AND CHANGES THE RULES OF THE GAME
  • 9. THE KEY QUESTION YOU MUST ASK YOURSELF IS: WHY WOULD ANYBODY BUY WHAT YOU SELL AS OPPOSED TO WHAT YOUR COMPETITION SELLS?
  • 10. GARDEN OF EDEN POWER ALLEY POWER ALLEY DEATH VALLEY ZONE OF COMPETITIVEBATTLE LOSING COMPETITIVNESS LOW LOW HIGH HIGH RELATIVE DELIVERED COST RELATIVE DIFFERENTIATION HALL’S COMPETITIVENESS MODEL RELATIVE DIFFERENTIATION Source: William K Hall, HBR, (September-October, 1980)
  • 11. POWER ALLEY POWER ALLEY DEATH VALLEY ZONE OF COMPETITIVEBATTLE LOSING COMPETITIVNESS LOW LOW HIGH HIGH RELATIVE DELIVERED COST RELATIVE DIFFERENTIATION HALL’S COMPETITIVENESS MODEL RELATIVE DIFFERENTIATION Source: William K Hall, HBR, (September-October, 1980) MOTO RAZR 2010 WAL- MART SONY’S MP3 MOTO RAZR 05 IPHONE BLUE* OCEAN * W. Chan Kim, Renee A. Mauborgne, Blue Ocean Strategy , 2005
  • 12. MOST SUCCESSFUL DIFFERENTIATION AND LOW COST STRATEGIES RESULT FROM INNOVATION
  • 13. KEY RELATIONSHIPS — 90% of the Time Product/Service Process Innovation Innovation Relative Differentiation Relative Low Cost
  • 14. THE INNOVATION EQUATION C (X) IOC (X) SSE = I Creativity Innovative Supportive Innovation Organizational Societal Context Environment Occurring in Occurring in Results in an a
  • 15. SUCCESS DOESN’T ALWAYS DEPEND ON INNOVAITON AS WE WOULD NORMALLY THINK ABOUT THAT TERM. SUCCESS COULD BE BASED ON ADOPTING NEW TECHNOLOGY, RELATIONSHIP MANAGEMENT, ADVERTISING, SOCIAL MEDIA OR OTHER REASONS. BUT IN TODAY’S WORLD, INNOVATION IS CRITICAL.
  • 16. HOW DO YOU GET YOUR COMPANY WHERE YOU WANT IT TO BE? STRATEGIES FOR SUCCESS: #1. SOME CREATIVITY TOOLS CREATIVITY
  • 17. LOOKING FOR INCREMENTAL INNOVATION:? CREATIVITY TOOL # 1: SCAMPER
  • 18. SCAMPER — Product or Service S ubstitute? C ombine? A dapt? M agnify?/ M odify? P ut to Other Uses? E liminate?/Minify? R earrange?/ R everse?
  • 19. LOOKING FOR INCREMENTAL OF BIG BANG INNOVATION? CREATIVITY TOOL 2: MIND MAPPING
  • 20. MIND MAPPING
  • 21. Problem Statement PROBLEM STATEMENT
  • 22. LOOKING FOR BIG BANG INNOVATION? CREATIVITY TOOL 3: LOTUS BLOSSOM
  • 23. LOTUS BLOSSOM
  • 24. <ul><li>LOTUS BLOSSOM: SUMMARY OF STEPS </li></ul><ul><li>Define problem, idea, or issue and place it in the center of a sheet of a paper, screen, etc. </li></ul><ul><li>Related ideas, issues, and solutions are brainstormed and written in the surrounding blocks. </li></ul><ul><li>Each of these eight ideas, issues, or solutions becomes the center of another lotus blossom. </li></ul><ul><li>Brainstorming is used for eight more ideas. </li></ul><ul><li>Iterations continue, evaluation occurs. </li></ul>
  • 25. ISSUE, NEW TECH H B C D F G A E
  • 26. A 7 8 1 3 2 5 6 4
  • 27. LOOKING FOR BIG BANG OR INCREMENAL INNOVATION? CREATIVITY TOOL 4: CROWD SOURCING
  • 28. STRATEGY EXECUTION:
  • 29. HOW DO YOU GET YOUR COMPANY THERE? STRATEGIES FOR SUCCESS 2. THE 8Ss OF STRATEGY EXECUTION
  • 30. TWO WAYS FOR EXAMINING BUSINESS STRATEGY EXECUTION: 1.EXECUTE USING FUNCTIONAL STRATEGIES 2. EXECUTE USING CROSS FUNCTIONAL STRATEGIES
  • 31. REGARDLESS OF SIZE 1, 5, 25, 50, 100 OR A 10,000 EMPLOYEES, OR $100K, $1M, $5M, $25M, OR A $100M IN SALES
  • 32. FUNCTIONAL STRATEGIES THAT IMPLEMENT BUSINESS STRATEGY: R&D FINANCE OPERATIONS MARKETING HUMAN RESOURCES INFORMATION
  • 33. Vision/ Strategic Intent Mission Core Values Goal 1 Goal 2 Goal 3 Goal 4 Goal 5 Goal 6 Goals
  • 34. Goal 1 Objectives
  • 35. Vision/ Strategic Intent Mission Objectives Core Values <ul><li>Objectives Distributed to a Function—Marketing, Finance, Operations, HRM, R&D </li></ul>Goal 1 Goal 2 Goal 3 Goal 4 Goal 5 Goal 6 Goals
  • 36. OBJECTIVES DISTRIBUTED TO FUNCTIONS O 1 O 2 Objectives Distributed to a Function, for example, Marketing 1. Sales 2. Mkt. Share Ob j. 3 Ob j. 4 O b j. 5 Ob j. 6
  • 37. EXECUTION OBJECTIVES DISTRIBUTED ACROSS FUNCTIONS O 7 O 8 O 9 O 10 O 11 O 12 Execution Objectives Distributed to all Functions, for Example, Marketing, Operations, etc. Ob j. 7 Ob j. 8 O b j. 9 Ob j. 10 O b j. 11 Ob j. 12
  • 38. HOW DO YOU GET YOUR COMPANY WHERE YOU WANT IT TO BE? STRATEGIES FOR SUCCESS: # 2. THE 8 S’s
  • 39. SEVEN CROSS FUNCTIONAL STRATEGIES : <ul><li>STRATEGY AND PURPOSE: (VISION, GOALS, OBJECTIVES: CORPORATE, </li></ul><ul><li>BUSINESS, FUNCTIONAL, PROCESSES) </li></ul><ul><li>2. STRUCTURE (ORGANIZATIONAL STRUCTURE) </li></ul><ul><li>3. SYSTEMS AND PROCESSES </li></ul><ul><li>4. STYLE OF LEADERSHIP </li></ul><ul><li>5. STAFF </li></ul><ul><li>6. RE S OURCES </li></ul><ul><li>7. SHARED VALUES </li></ul>
  • 40. Vision/ Strategic Intent Mission Objectives Core Values Goal 7 Goal 8 Goal 9 Goal 10 Goal 11 Goal 12 Goals STRATEGY STRUCTURE SYSTEMS STYLE STAFF RESOURCES SV STRAT PERF
  • 41. Structure Systems Strategy Shared Values Style Staff reSources CONTEXT STRATEGIC (aligned) PERFORMANCE EIGHT S’s OF STRATEGY EXECUTION SP
  • 42. Structure Systems Strategy Shared Values Style Staff reSources SP EIGHT S’s OF STRATEGY EXECUTION CONTEXT STRATEGIC (aligned) PERFORMANCE
  • 43. Structure Systems Strategy Shared Values Style Staff reSources SP EIGHT S’s OF STRATEGY EXECUTION CONTEXT STRATEGIC (aligned) PERFORMANCE
  • 44. Vision/ Strategic Intent Mission Objectives Core Values Goal 1 Goal 2 Goal 3 Goal 4 Goal 5 Goal 6 Goals
  • 45. STRATEGY PROCESS PERFORM ENVIRON-MENTAL ANALYSIS DETERMINE VISION, MISSION ESTABLISH GOALS OBJECTIVES CRAFT STRATEGY EXECUTE, IMPLEMENTSTRATEGY EVALUATE PERFORM-ANCE TAKE ACTION INTEGRATE THE FUNCTIONS INTEGRATE ACROSS THE FUNCTIONS: 8Ss
  • 46. STRATEGY STRUCTURE SYSTEMS STYLE STAFF RESOURCES SV STRAT PERF MKT FIN OPS HRM R&D INFO INNOVATION MKT STRAT MKT STRUC MKT SYST MKT STYLE MKT STAFF MKT RES MKT SV MKT SPERF FIN STRAT FIN STRUC FIN SYST FIN STYLE FIN STAFF FIN RES FIN SV FIN SPERF OPS STRAT OPS STRUC OPS SYST OPS STYLE OPS STAFF OPS RES OPS SV OPS SPERF HRM STRAT HRM STRUC HRM SYST HRM STYLE HRM STAFF HRM RES HRM SV HRM SPERF R&D STRAT R&D STRUC R&D SYST R&D STYLE R&D STAFF R&D RES R&D SV R&D SPERF INFO STRAT INFO STRUC INFO SYST INFO STYLE INFO STAFF INFO RES INFO SV INFO SPERF
  • 47. IN REVIEW: TWO STRATEGIES FOR SUCCESS FOR GETTING YOUR COMPANY WHERE YOU WANT IT TO BE: 1. INNOVATION: FOUR TOOLS: SCAMPER, MIND MAPPING, LOTUS BLOSSOM, CROWD SOURCING 2. EIGHTS S’s of STRATEGY EXECUTION
  • 48. ON YOUR WAY OUT, GRAB A COPY OF 101 CREATIVE PROBLEM SOLVING TECHNIQUES THANK YOU AND BEST WISHES FOR STRATEGIC SUCCESS
  • 50. OBJECTIVES DISTRIBUTED TO FUNCTIONS Objectives Distributed to another Function, for Example, Operations 4. Quality 3. Prod. Effici-ency Ob j. 1 Ob j. 2 O b j. 5 Ob j. 6 O 3 O 4
  • 51. OBJECTIVES DISTRIBUTED TO FUNCTIONS Objectives Distributed to other Functions, for Example, R&D and Logistics . 6. JIT On Time Perform-ance Ob j. 1 Ob j. 2 O b j. 3 Ob j. 4 O 5 O 6 5. Three Year Prod.ROI

Related Documents