This website uses cookies to ensure you have the best experience. Learn more

Competing For The Future Essay

987 words - 4 pages

COMPETING FOR THE FUTURE

Strategy as Stretch
Strategy must be built upon the juncture of where the firm is and where it wants to be.
It is not cash that fuels the journey to the future, but the emotional & intellectual energy of every employee.
Imagine you were an investor who, a decade or two ago, was asked to choose between the following pairs of firms as long-term investment opportunities:
Where would you have put your money?
Most investors would probably have been tempted to invest in the firms in the left column. Why?
These firms had strong reputations, technological riches & deep pockets. They could hire the most talented people in their industry, had sizable market ...view middle of the document...

Strategic intent is the source providing emotional & intellectual energy to break through the limitations, so it implies:
* A sense of direction – a particular point of view about the long-term market that a firm hopes to build over the coming decade.
* A sense of discovery – strategic intent is differentiated; it implies a competitively unique point of view about the future.
* A sense of destiny – Strategic intent has an emotional edge to it, it is a goal that employees perceive as inherently worthwhile.
Strategic architecture
A strategic architecture identifies what we must be doing right now to intercept the future. It is the essential link between today and tomorrow, between short term and long term. It shows the organization what competencies it must begin building right now, what new customer groups it must begin to understand, right now, what new channels it should be exploring, what new development priorities it should be pursuing right now to intercept the future.
Strategic architecture is a broad opportunity approach plan. The question addressed by a strategic architecture is not what we must do to maximize our revenues or share in an existing product market, but what must we do today in terms of competence acquisition, to prepare ourselves to capture a significant share of the future revenues in an emerging opportunity arena.

Strategy as a stretch is a strategy by design in the sense that top management does have a relatively clear view of the goal line and broad agenda of capability building and challenges that lie ahead between today and tomorrow.

Strategy as Leverage
Stretch & Leverage are blood relations.
Example: - Imagine 2 firms competing in the same industry: Alpha has a wealth of resources of every kind – human talent, technical skills, distribution access, brands, manufacturing facilities & cash flow. Alpha has no particular aspiration other than to remain at the top at present. So, Alpha’s resources can thus be described as substantial and its aspirations as modest.
Beta is much smaller than Alpha and has far fewer tangible resources. It has no choice but to make do with fewer people, a smaller capital budget,...

Other Papers Like Competing For The Future

Eco 365 Essay

402 words - 2 pages be if an individual buys a printer, and they are aware that at some point in the future they will have to replace the ink cartridge. Additionally, they only buy the ink when they need to refill the printer. These products and other similarly linked products are called complementary; demand for one will naturally increase the demand for the other (Tasos, 2014). In today’s world of constant change and development in technology there is and

Business Discussion Essay

835 words - 4 pages generate creativity and innovation in the strategic decision making process. Question: Compare and contrast trend extrapolation with the writing of scenarios as forecasting techniques. Answer: About 70% of the world’s largest corporations use trend extrapolation as their method for forecasting. Extrapolation is nothing more than the extension of current trends into the future. The primary problem with trend extrapolation is that it

Club It

662 words - 3 pages technology can aid in decision making process, reducing the time spent on certain steps of the decision making process, and gathering information for decision making without setbacks using the intranet or their search engines.   Lisa and Ruben should use the intranet as one of their functional areas, Lisa could create customers Coupons. Coupons can be sent for future events that will be held at Club IT , as well as using the e-mails that are

Case Analysis Of Google Inc 2014

546 words - 3 pages only 20% of votes available to investors, it might be challenging for Google to find proper investors, as they’d simply act as a passenger. However, Google’s clear vision and strategy will enable them to use this structure to capitalize on the future. The corporate culture at Google is one that innovative companies strive for in order to leverage the variety of skills of their employees. Google has created a corporate culture that gives

Capstone

2564 words - 11 pages . The threats of new entrants only affect industries that require little or no capital. When it comes to state of the art advance weaponry I doubt that the industry will have little or no Governmental regulations or capital requirements. Rivalry among competing firms Competitive rivalry intensifies once an opportunity to improve a product presence its self. Rivalries are also acquired through bidding on or competing for new projects

Business Communication Trends

615 words - 3 pages develop a well, trusting and gainful business association. Communication lets for a joint online communication that, in return, makes the relationship. Business Communication may as well help handle a person's daily actions by giving a person the tools one needs to plan a day. There is as well E-mail that may be used to alert others of a future conference. A number of businesses are at the moment using what is called a Tele presence. A Tele

Swot Analysis

713 words - 3 pages would have been good to show how the managers will work to lower costs in the future as other salons/companies are currently doing in this economy. There was mention about adding more stylists in the future, one more in the second year to be exact, but no plans for expanding or possibly opening a second location in the far future. Perhaps, opening more salons is not in the plan in the near future. Threats Surprisingly the plan did not

Asia Healthcare

470 words - 2 pages . Paclitaxel is used to treat tumor growth and Sirolimus prevents organ rejection. In late 2005, the FDA approved only two drugs for drug-coated stents. - Cypher Sirolimus-eluting stents by Johnson & Johnson vascular devices arm Cordis Corporation and Taxus Express Paclitaxel-eluting stents by Boston Scientific. However, at that time the DES market in Asia, valued at around US$ 1.5 billion, already had several other smaller companies competing for

Two Competing Security Products

374 words - 2 pages Two Competing Security Products XXXX INF 220 IS Principle Professor XXXX May 4, 2015 Two Competing Security Products United Parcel Services continue to beat out their competitors due to continued advancement in information systems technology. United Parcel Service use of top notch technology like their Delivery Information Acquisition Device allows the driver to receive signature from their customers and pick-up and delivery

Summary Of "The Order Of Things"

456 words - 2 pages weight to “financial resources” denoted to educating students, but doesn’t include tuition as a variable. Actually, students and their families really care about the price their schools charge. Moreover, rewarding a school for being affordable will ease the rising cost of college, which has become a significant social problem recently. U.S. News should take the “price” into consideration and gives appropriate weigh to it. Competing value is also a

College Education

559 words - 3 pages because the job market is cyclical and very competitive (Hooper, 2012). We have arrived now where we began; let’s now talk about what we have learned. Young adults typically go to college expecting to ensure a better lifestyle and to secure their future. Despite the fact that education is a lifelong investment it has become one of the biggest challenges facing young adults today. There is sometimes a misconception of young adults who have a college education. Financial burden and trouble entering the workforce are rarely believed to be challenges for young adults with a college education, hopefully you now know different.

Related Essays

The Future For Space Elevators Essay

913 words - 4 pages Jubin Shah The Future for Space Elevators: The Moon and Beyond An interesting concept, a space elevator from the Earth to the Moon, has been suggested since 1885, or perhaps even earlier (Soderman). Several countries, including the United States, have begun working on the concept with hopes of making it a reality. The NASA Lunar Science Institute, now known as the Solar System Exploration Research Virtual Institute, has noted that a space

My Business Management Essay

623 words - 3 pages . Promoting is the art of selling and can be accomplished in a number of different ways, such as advertising, brochures, direct mailings, and personal contacts. Your decision on the best way to promote your construction company will depend on the type of contract you are competing for and your market. In the construction business competing for the jobs in your market area is done with bids. The two different types of contracts are public bids, or

Chad's Creative Concepts Essay

290 words - 2 pages running furniture pieces are now competing for the same manufacturing capacity. Chad's Creative Concepts has to emphasize the importance of on time delivery and manufacturing costs. Low running furniture pieces and high running furniture piece have a different set of priorities. Sales and marketing have not considered the conflict between dedicating equipment to standardized pieces and specialty equipment for custom pieces. Producing

Netflix Essay

425 words - 2 pages differentiation. Article’s summary  Overall Company Status. Netflix, Reed Hastings Survive Missteps to Join Silicon Valley's Elite  Chief Executive Officer and founder: Reed Hasting. Leading a complex and ambitious project for the company’s future.  The need of more computing horsepower. “We think of the technology as a vehicle for creating a better, more modern experience for the content we have. What we’re really competing for