Balanced Business

Systemic Innovation

 

Manage the entire business system strategically

Vadim Kotelnikov

Vadim Kotelnikov, founder of 1000ventures - personal logo Vadim Kotelnikov

Founder

   

 

6Ws of Corporate Growth Download PowerPoint presentation, pdf e-book

   

 

Yin-Yan of Strategic Management

Strategy Management  >>  3 Levels

Strategies of Market Leaders

Strategic Business Success

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Old strategic management schools, often fighting between themselves, favor different single-sided approaches to strategy formulation. They represent both different approaches to strategy formulation and different parts of the same process.

Today's managers have to deal with the entire business system as opposed to dealing with its different parts independently ‒ not only to keep strategy formulation as a vital force but also to impart real energy to the strategic process. They must practice balanced results-based leadership and apply a holistic, synergistic, and balanced approach to business systems.

Certain positive moves in this direction can be seen. Some approaches to strategy formulation take a wider perspective and cut across strategic management schools in eclectic and interesting ways, for example Learning and Design in the "Dynamic Capabilities" approach, or the "Dynamic Strategy" one based on knowledge working.

The currently dominant view of business strategy resource-based theory is based on the concept of economic rent and the view of the company as a collection of capabilities. This view of strategy has a coherence and integrative role that places it well ahead of other mechanisms of strategic decision making.