|
Case A:
Neither
Effective, Nor Efficient
It does not make much sense to
pursue costly
→
new opportunities
if a company is neither effective nor efficient. Cost-cutting
and restructuring measures should come first as a starting point
of long-term fundamental
transformation – “creative destruction”
– that involves downsizing and
simplifying, followed by
regeneration of the organization and
strategy.
→
Creative Dissatisfaction 
|
Case B:
Effective, But Not Efficient
If a company is effective, but not efficient, the management
focus should be on implementation of
continuous efficiency improvement measures and, ultimately,
establishment of an enterprise-wide business process management
(EBPM) system
and a
→
lean enterprise.
→
Radical Improvement:
KoRe 10 Tips
A
continuous effort to
improve organizational climate as well as the
productivity of
the core business in response to continuous changes in the
marketplace should be emphasized in the company’s
→
growth
strategy.
→
Kaizen Mindset
|
|
Case C:
Not
Effective, But Efficient
If a company achieved high operational efficiency but lacks
effectiveness, it should
work more on – not
in – its business and
strategic
planning.
Unless managers
regularly schedule
time (one-day out-of-the-office meeting a month at least) to
work on their business and answer critical questions about
their
strategic alignment and
corporate internal resources and
→
capabilities, they'll never
achieve their
→
stretch goals.
|
Case D:
Effective
and Efficient
The
opportunity-driven business development approach aims at
increasing the effectiveness of a company through the pursuit of
new business.
→
How To
Discover Opportunities
The opportunity approach is an alternative to the
traditional process of renewing
business strategy. This approach is also valid even for
healthy and
→
very successful companies that are already both very efficient and
very effective. It is easier to obtain
resource
support for new opportunities when a company is doing
well. External change is
a
constant factor. New promising opportunities to be
pursued emerge frequently. |
