The world of strategy is changing.
“Back in the 1970s, corporate strategy was largely seen as akin to managing an investment portfolio, in which the corporation allocated capital to different business units as efficiently as possible.”
Full article: 6 Factors Driving Changes to Today’s Corporate Strategies
“Six factors are driving these changes:
Competitive advantages do not last as long as they used to, as reflected in the acceleration of the competitive fade rate.
As a product of the technology revolution and other factors, business plans have become less predictable.
Strategy must cultivate capabilities to apply and balance – diverse frameworks, picking the right approach to strategy to each business.
Strategy has become more open to external influence and collaboration.
Strategy must now create credibility, social contribution, and generate advantage by dealing creatively with new social and ecological constraints.
Shift the focus of human minds to more uniquely advantaged areas like ethics, empathy, and creativity.”
We know that the business environment has become and is becoming increasingly uncertain. This is why we are proving that an Open Strategy approach works.
An Open Strategy approach helps us to see blind spots, and make decisions that have the greatest impact.
It keeps organisations and leaders adaptable – as listening & getting insight with customers, staff, partners are key in decision-making.
It means that we’re making well-informed decisions based on unique and factual insights, rather than what we think we know.