Christopher Chan

460 Flips | 3 Magazines | 2 Likes | 3 Following | 90 Followers | @chanc |

What Is Strategy, Again?

If you read what Peter Drucker had to say about competition back in the late ’50s and early ‘60s, he really only talked about one thing: competition on price. He was hardly alone — that was evidently how most economists thought about competition, too.<p>It was this received opinion Michael Porter was …

Innovation

Why Talking About Strategy “Execution” Is Still Dangerous

Operational tough guys like to tease effete strategy types by voicing the claim that: “A mediocre strategy well-executed will always trump a great strategy poorly executed.” It’s a good sound bite, to be sure, but how can they tell that a strategy is “great” if it is “poorly executed” and …

Management

Disrupting beliefs: A new approach to business-model innovation

In a disruptive age, established business models are under attack. Discover how incumbent companies can reframe them.<p><b>Let’s face it:</b> business models …

The Nine Elements of Digital Transformation

In-depth research with executives at a wide range of companies shows how managers can use technology to redefine their businesses.<p>Digital …

The Digital Imperative

<b>Article</b><br>Monday, March 02, 2015<br>As entire industries are disrupted by bold digital entrants and business models, more and more companies are at risk of …

Can You Say What Your Strategy Is?

Can you summarize your company’s strategy in 35 words or less? If so, would your colleagues put it the same way?<p>It is our experience that very few executives can honestly answer these simple questions in the affirmative. And the companies that those executives work for are often the most successful …

What ‘digital’ really means

Everyone wants to go digital. The first step is truly understanding what that means.<p><b>Companies today are rushing</b> headlong to become more digital. But …

Customer Experience

Strategy, not Technology, Drives Digital Transformation

The Trouble with Putting Goals Ahead of Strategy

Many business leaders subscribe to the classic definition of strategy as a set of actions designed to achieve an overall aim. In other words, they …

A Framework for Strategists Assessing Emerging Markets

Steven Moore for HBR<p>Many companies start their search for global growth in an alphabet soup of emerging-market groupings such as the BRIC, CIVETS, MINT, Next 11, and so on. Is that smart?<p>Not really, suggests our analysis. There are several flaws in using such acronyms as the basis for entering …

Markets

Navigating the Dozens of Different Strategy Options

<i>In this adaptation from the new book, Your Strategy Needs a Strategy (HBR Press, 2015), BCG strategy experts make sense of the all the different, and competing, approaches to strategy: Which strategy is right for your business? When and how should you implement it? The practical tool offered here</i> …

Innovation

What Is a Business Model?

In <i>The New, New Thing</i>, Michael Lewis refers to the phrase <i>business model</i> as “a term of art.” And like art itself, it’s one of those things many people feel they can recognize when they see it (especially a particularly clever or terrible one) but can’t quite define.<p>That’s less surprising than it …

Innovation

Vertical Integration 2.0: An Old Strategy Makes a Comeback

<i>A version of this article appeared in the Autumn 2015 issue of</i> strategy+business.<p>“Owning the value chain” was a favorite strategy in the early part …

A Story from Google Shows You Don’t Need Power to Drive Strategy

Brian Fitzpatrick joined Google as a senior software engineer in 2005, shortly after the company’s IPO. Brian specialized in open-source software development and he quickly became a champion within the company for various initiatives focused on end users.<p>One such project addressed a user’s control …

Management

Biggest Doesn't Mean Best: How Leading Companies Get To The Top

Bigger is not always better when it comes to succeeding in business. Who, for example, makes the most money producing tires? It’s not Bridgestone, the industry’s global scale leader. Germany’s Continental AG takes home <i>three times</i> more profit than Bridgestone and is far and away the tire industry’s …

The Basic Principles of Strategy Haven’t Changed in 30 Years

Almost every time I teach the basic concepts of strategy — the five forces framework or the principles of competitive advantage — I get the same question. “These ideas are more than 30 years old,” managers complain. “Isn’t there anything more recent?”<p>Unfortunately, this question demonstrates a lack …

Time I

There Are Still Only Two Ways to Compete

Photo by Andrew Nguyen<p>Back in the early 1960s, the great Boston Consulting Group founder and strategy theorist Bruce Henderson asserted that there was only one way to successfully compete: gain a relative market share advantage over all competitors so as to have lower costs than all of them. The …

Innovation

The Industries Plagued by the Most Uncertainty

It’s a cliché to say that the world is more uncertain than ever before, but few realize just how much uncertainty has increased over the past 50 years. To illustrate this, consider that patent applications in the U.S. have increased by 6x (from 100k to 600k annually) and, worldwide, start-ups have …

How agile is your supply chain?

Our research shows that ten operating practices are tied to higher service levels and lower inventory costs.<p><b>What would it take</b> for manufacturing …

Manufacturing

The Making of McKinsey: A Brief History of Management Consulting in America

<i>Duff McDonald | The Firm, Simon & Schuster | 2013 | 12 minutes (3,000 words)</i><p>The American Century<p>In 1941 Time Inc. publisher Henry Luce coined the …

Exclusive: Google is close to making Android Wear work on the iPhone

But will Apple let it happen?<p>Google is working on getting its Android Wear smartwatch platform to work with the iPhone, and it is close to finishing the final technical details, according to a source close to the development team. If Google released it and if Apple allowed it on its platform, it …

Apple Watch: The Secret History of the iPhone Killer | WIRED

In early 2013, Kevin Lynch accepted a job offer from Apple. Funny thing about the offer: It didn’t say what he would be doing. So intense is Apple’s …

How to Seize the Opportunities When Megatrends Collide

Illustration by Nils-Petter Ekwall<p>McDonald’s was one of the first Western companies to play an active role in the world’s emerging markets. It opened …

Malaysia detains 17 people suspected of plotting terror acts

KUALA LUMPUR, Malaysia (AP) — Malaysian police have detained 17 suspected militants who authorities said Monday had planned to attack police stations and army camps to acquire weapons and carry out terrorist acts in Kuala Lumpur.<p>Inspector General of Police Khalid Abu Bakar said they were detained …

How the Internet of Things Changes Business Models

As the Internet of Things (IoT) spreads, the implications for business model innovation are huge. Filling out well-known frameworks and streamlining established business models won’t be enough. To take advantage of new, cloud-based opportunities, today’s companies will need to fundamentally rethink …

A Tale Of Two Wearables

The perception of Apple Watch vs. MagicBand<p>Back in January 2013, an article by Brooks Barnes in <i>The New York Times</i> about a “magical” bracelet that …

Walt Disney Company

The Infrastructure Needs of the Digital Economy

<b>Article</b><br>Friday, March 20, 2015<br>The Internet already plays an indispensable role in the everyday life of billions. Yet the surface is only being …

Can Treating Low-Wage Workers Well Become The Hot New Business Strategy?

Aetna, Gap, Starbucks–even Walmart–are making moves to pay and treat their employees better. Are we seeing the start of an age of friendlier big business, or is it all just PR?<p>In the auditorium of a drab office building Jacksonville, Florida, almost 200 employees of the health insurer Aetna …