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Blue Ocean vs. Red Ocean Strategy
The
Tree
of Business Success
Working ON Your Business
"Most businesspeople are so busy working for
their business or in their business that they never find time to
work on their business.
Thus they fail to
anticipate what might happen or what they might be able to make happen."3
Sustainable Competitive Advantage
Balanced Organization: 5 Basic Elements
Empowered
Employees (Metal):
Strategic
Innovation
Strategic Innovation is the creation of
growth
strategies, new product categories, services or
business models that change
the game and generate significant
new value for customers and the
corporation...
More
Creating Customer Value: 9 Questions
Road-Mapping
The goal of the
road-mapping is to develop the innovation strategy - to choose and do
the right things. The goal of innovation management is to implement this
strategy well.
Road-mapping leads to effective
project portfolio development and management. It provides for company-wide
technological strategy development and technology assessment, as well as
division-level
project evaluation and strategic
aligning. Road-mapping tools provide also a common language for
innovation and building bridges between technologists and business
managers within your corporation, and with you major suppliers and
customers.
Inspirational Business Plan:
Successful Innovation
The Art of Innovation: 9 Truths
By: Guy Kawasaki
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Jump to the next curve. Too many companies duke it out on the
same curve. If they were daisy wheel printer companies, they think
innovation means adding Helvetica in 24 points. Instead, they should
invent laser printing. True innovation happens when a company jumps to
the next curve – or better still, invents the next curve, so set your
goals high...
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7 Dimensions
of
Strategic Innovation
Achieving the
Right Balance Between Stretch and Strategic Fit
The first test for any innovation portfolio is
achieving the right
balance between
stretch and strategic fit. If you engage in hyperreactiveness thinking and
continually react to the latest market or technological trend, rather than
following a course until there is a significant reason to change, you’ll
fail. The key to avoiding such short-term thinking is to maintain
strategic alignment and test the
assumptions that drive new products and service decisions as you make these
choices.
Lessons from Silicon Valley Firms
Deciding If Your Innovation Portfolio Has Enough
Stretch
Adapted from
Relentless Growth, Christopher Meyer
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Balance between revolutionary and
evolutionary initiatives. First, Silicon Valley companies assess the
overall balance between
revolutionary and evolutionary projects. The ultimate arbitrator of
portfolio stretch if the innovation leaders’ judgment, experience,
intuition, and luck...
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Toshiba’s approach is to develop
strategic alliances with different partners for different
technologies because a single company cannot dominate any technology or
business by itself...
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Deciding What the Overall
Objective of your Enterprise Should Be...
Creating your Enterprise Strategy...
Innovation
Portfolio...
3 Primary Criteria to Assess
Your Innovation Portfolio...
Diversification Strategy...
Strategic Licensing Out...
Venture
Strategies...
Venture
Acquisitions...
Radical
Project Management...
Managing
Radical Innovation Through Spinouts...
Case in Point
Intel...
Case in Point
Silicon Valley...
Case in Point
Thermo Electron...
Case in Point
Corning...
Case in Point
Charles Schwab...
Case in Point
Bunsha...
Case in Point
GE Equity...
Case in Point Silicon
Valley Firms...
Case in Point Microsoft...
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