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This ‘Perspectives‘ paper makes a strong case for how firms can move from costly experimentation, e.g. for new products, to simulation of new opportunities and other business changes. It’s at a more operational level than simulation of overall strategy or major strategic initiatives, but the examples offered make clear just how powerful the approach can be.
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The Global Advantage Diamond from BCG looks useful to diagnose competitive advantage in rapidly developing economies (RDEs). It maps four issues – market access, resource access, local adaptation and network coordination – to produce a diamond map relative strengths of you and competitors. From your starting position, you can identify where you need to get to on each dimension, and thus set strategic priorities. Local firms, it is claimed, are stronger on resource access and local coordination, while multinational challengers are ...
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Some useful tips in this article from BCG, some simple, some complex [and some over-complicated by trying to force them into a ‘evolution’ analogy]. Especially good to see its focus on exploiting opportunity, and good not to see some of the bad or dangerous ideas I have mentioned previously.
Do take care, though – few are universally applicable, so you will need to assess how appropriate each is to your specific situation.
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Amongst the continuing stream of articles on this, some good ones [I’ve left out some bad or downright dangerous ones] include:
Seven Ways Forward from Booz & Co’s strategy+business on, with specifics for Manufacturing, Consumer Products, Aerospace and Defense, Telecom, Finance, and general guidance on rebuilding capabilities for long-term growth.
Surviving the Downturn: Lessons from Emerging Markets from Sloan Mgmt Review [title self-explanatory]
Three Opportunities to Seize in the Downturn a blog post from Harvard Business ...
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BCG reports on the companies from rapidly developing economies who are growing fast to join the ranks of the multinational elite. I posted before on the now ancient history of how the big car makers slept while emerging producers stole their business one bite at a time, and this report lists 100 firms who are taking a place at the top table in other industries. No news here for the older companies in those sectors, of course – ...
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