Strategy Dynamics Briefing 87: The end – or the beginning?

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We hope you have enjoyed this series of briefings on Strategy Dynamics and found the ideas useful. The story we have told matches the structure of the textbook Strategic Management Dynamics (Wiley, 2008), and the shorter e-book Strategy Dynamics Essentials.

  1. We should be concerned with how performance improves over time, not in static ratio comparisons (Chapter 1 and Briefings 1-6).
  2. Resources drive performance, so we need to understand and specify these items (Chapter 2 and Briefings 7-10).
  3. Resources accumulate and deplete over ...
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Strategy Dynamics Briefing 86: Multiple capabilities and organizational learning

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We have shown throughout this briefing series how performance arises from the complementary development of resources, leading to outcomes that reflect the power of the entire system, rather than the sum of individual elements (first outlined in Briefings 16-22). Adding capabilities to this understanding offers a still more powerful structure.

Any organization will possess capabilities linked to each of its main resources. It is therefore to be expected that learning on several of these would add still further to performance. ...

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Strategy Dynamics Briefing 85: Grasping tacit knowledge

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Briefing 78 explained the importance of the intangible resource of knowledge to the performance of a firm’s tangible resource-system. For effective learning, knowledge must be captured. Since we are concerned here with the ability to get things done, this discussion is about know-how (how to do things), rather than the know-what of factual information.

A framework for understanding better the effectiveness of group learning starts with a distinction between tacit and explicit knowledge. The discussion of the retailer’s building of ...

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Big Data needs architecture

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SD models offer a rigorous enterprise architecture for firms’ data. Pharmaceuticals firms are  blessed with huge amounts of data on just about everything. But a competitive war-gaming project just completed for one of the big players was surprising. Sure, we could get data on things needed to model the firm and its rivals, but this seemed to come from lots of different sources, in many different forms – mostly big spreadsheets and slide-decks.

The data was inconsistent ...

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Strategy Dynamics Briefing 84: Drivers of learning and forgetting

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Some further features need to be added to the standard architecture of learning dynamics in Briefing 83.

Limits to learning. Like most asset-stocks, there is a limit to how far capabilities can be improved, even if everything went perfectly, and all internal processes were instantaneous and 100% reliable.

Learning from failure. There is much opportunity to learn from failure, both on acquiring and retaining resources – product launches that did not work, bids for projects that failed and marketing campaigns ...

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