Gemini 4R’s model as a strategy for driving transformational change in complex environments
A powerful tool to manage complex transformational change is to use the Gemini 4R's model: Reframe, Restructure, Revitalize, Renewal.
Establish trust quickly with your new strategic partner
A great tool to conceptualize and practically cultivate trust with a new partner is the Trust Equation. The trust equation has 3 numerators and 1 denominator: Trust = [ Credibility x Reliability x Intimacy ] / Self-Orientation
Identify the right corporate and business level strategies
In evaluating and adjusting strategies it is important that a company has implemented appropriate information systems in order to collect and analyze data.
Select the business strategy consultant that is suitable for your company
Here is what you need to look out for if you are hiring a business strategy consultant: Commercial awareness and industry experience: they need to be able to walk the talk.Understand your specific business model and market dynamics Emotional intelligence and awareness
The best tools for developing innovative Business Strategy ideas
Use the Blue Ocean Strategy framework to redefine the industry borders and creare uncontested market space where competiton is irrevant. Break the cost-value trade off by offering a top quality product or service which capitalizes on technology to make this
5 key things that Business Strategy professionals should follow to stay up to date with industry trends
Staying up to date with industry trends and current developments involves: Reading books and journals Becoming part of a community of strategic thinkers Taking the time to attend niche courses on selected insustry topics
Develop your resilience for remote work
Resilience is developed by: Practising gratitute on a daily basis. Becoming a gratitude practitioner! The "fuel" for our daily motion and creative process is gratitude. This allows a person to positively embrace any situation and rise beyond adversity.
LEWIN’S ICEBERG CHANGE MODEL
LEWIN'S ICEBERG CHANGE MODEL effectively describes the strategic steps an organization must take in order to manage change effectively.
The common challenges when entering a new market
Believing that a product or service will be successful "because you love it" or "because there is a need for it" without taking practical steps to research the market is a common pitfall amongst young entrepreneurs.