P3 Practices
  • Home
  • About P3 Practices
  • Project Consulting
  • AXELOS ATO Services
    • MSP Courseware
    • PRINCE2 2017 training materials
  • Project Management Training
    • PM4A
  • Thought Blog
  • Contact Us
Home › Industry › Government › Adapting Business Strategy

Adapting Business Strategy

Posted on March 16, 2014 by darilyn — No Comments ↓

Philip Evans has a bold prediction for the future of business strategy.  Adapt or die is what his TED talk is about. Former business strategies are rapidly becoming obsolete.  The value chain is no longer applicable.  Vertical integration is moving into horizontal integration.  New models in both public and private sectors need to embrace simultaneous competition and collaboration.  Staff and customers have  different motivations than previously. The concept of scale has changed.

Encyclopaedia Britannica and Kodak are only the beginning.  Organizational and human structures that were optimal for decision making no longer apply.  Michael Porter, of the Harvard Business School, had what Evans refers to as the Napoleonic idea of concentrating mass against weakness, of overwhelming the enemy. He recognised that, in the business world, there are many phenomena which are characterized by increasing returns such as scale and experience. He therefore he found a logic for investing in such kinds of overwhelming mass in order to achieve competitive advantage. This was the first introduction of essentially a military concept of strategy into the business world.  Economies of scale worked.  Now times have changed.


Rethinking Business Strategy
Transforming Business Strategy

 

‹ Boosting Business Benefits
Protecting ROI ›
Posted in Government, Industry, International, Private Sector

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

*

*

This site uses Akismet to reduce spam. Learn how your comment data is processed.

In Archive
  • August 2018
  • September 2017
  • October 2016
  • March 2014
  • February 2014
  • December 2013
  • October 2013
  • September 2013
  • August 2013
  • June 2013
  • May 2013
  • February 2013
  • January 2013
  • December 2012
  • November 2012
  • Twitter
  • Facebook
  • LinkedIn
© 2021 P3 Practices
↑
Responsive Theme powered by WordPress