[vc_row][vc_column][vc_column_text] We have learnt about strategies that work, but what about the common mistakes crafting our company strategy. If we do not know the common errors crafting strategy, we cannot avoid them. So let’s go to analyze different misapprehensions that could…
What Are Our Core Competencies? Improving Business Focus
[vc_row][vc_column][vc_column_text] Core competency is a well-known business concept (C.K. Prahalad and Gary Hamel. “The Core Competence of the Corporation” Harvard Business Review, May 1990). However, sometimes the core competency concept is misunderstood, if we assume that any important/strategic activity is a…
Are We Misunderstanding the Three Strategic Levels?
[vc_row][vc_column][vc_column_text] It is well accepted that there are three strategic levels: corporate, strategic business and functions. [/vc_column_text][vc_single_image image=”1257″ img_size=”full” alignment=”center” title=”The Three Strategic Level: Adapted from Javier Gimbert and Luis Vives”][vc_column_text] Common mistakes defining strategies Corporate Strategy: There are some firms…
Strategic Focus: The Value Disciplines
[vc_row][vc_column][vc_column_text] According to Michel Treacy and Fred Wiersema company strategy must be focused on one of the three value disciplines (operational excellence, customer intimacy or product leadership) while meeting industry standards in the other two disciplines. The experience shows that leaders…