by Jeff | May 13, 2017 | Uncategorized
A framework for analyzing competition in an industry based on 5 major factors: industry rivalry, power of suppliers, power of customers, barriers to entry or the threat of new entrants, and the threat of substitutes. (Michael Porter’s book on strategy is a...
by Jeff | May 13, 2017 | Uncategorized
Trade-offs are essential to strategy because you cannot be everything to everyone; defining a strategy means clearly defining the things that are not important (consumers, markets, activities); if there are no trade-offs, there is no strategy.
by Jeff | May 13, 2017 | Uncategorized
by Jeff | May 8, 2017 | Uncategorized
The team with strategic decision-making authority. Strategy is about making specific choices to win in the marketplace. Deliberately choosing a different set of activities than competitors to deliver unique value to customers and consumers. An integrated set of...
by Jeff | Dec 27, 2016 | Uncategorized
Notes from HBR Article Strategies for Learning from Failure Failure isn’t a bad thing. Learning from failure isn’t straightforward; it’s easy to fall into the blame game (the market wasn’t ready) or to be superficial (we didn’t follow procedures). “Blameworthy.” A...
by Jeff | Dec 4, 2016 | Uncategorized
There’s no shortage of product development articles that talk about Design Thinking and understanding the consumer. Here’s one from McKinsey. While I like this article and I appreciate most of what is being emphasized in Design Thinking – empathy,...
