The Secret Formula for Strategy
Strategy is always a hot topic, but lately it has been given an increased importance with many of today’s leading executives. They recognize that their environment has changed significantly—and will continue to change at an increasing rate. That has many of them concerned—they wonder if their organization can change at the pace necessary in today’s environment. They are also concerned about their organization’s ability to distinguish itself from all its competitors and new entrants into their market space.
All of this has organizations busy trying to find their own secret formula for success in this new, highly dynamic environment. That is why continuously monitoring new entrants and new technologies is being given increased attention (some companies have gone as far as to say it’s now an essential undertaking). The result of their efforts will become the foundation of the organization’s overall strategy. That being said, things are different this time—and substantially so!
New and highly disruptive competitors and technologies are entering the marketplace at a rate that exceeds what we saw in the internet era of the mid to late ’90s. We have entered a period of disruptive innovation that is so intense, it will challenge even the most nimble of organizations.
Based on what I have seen so far, program and project
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