Strategy Dynamics Briefing 24: Resource quality: understanding attributes

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The briefings up to this point have put together the basic elements of the simple core system of how an organization functions and delivers performance that changes over time. This picture with numerical information on its performance is often enough to see big improvement opportunities. However, there is much more opportunity to use strategy dynamics to improve performance…

The basic elements of the simple core system of how an organization functions and delivers performance that changes over time are:

  • performance at all ...
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Strategy Dynamics Breifing 6: An important distinction: time-periods versus instants in time

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There is an important distinction between time-periods and instants in time. A previous briefing emphasised that ‘performance depends on resources’, but if performance is reported over a period and resources are reported at points in time, we risk comparing apples with oranges!

Most of what companies report about their performance concerns how well they have done during a certain period, the latest month or a financial year for example – how high their sales rate has been, how much profit they ...

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McKinsey ‘business system’

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McK gives useful short videos in its ‘enduring ideas’ series. The latest I’ve viewed on the business system is a helpful reminder of the old value-chain concept, though it is disappointingly qualitative, even in the ‘How to conduct a good analysis’ section.  In fact, value-chain is a better term for what the video describes.If the term ‘system’ [as dictionaries suggest] means a group of interacting, interdependent elements forming a complex whole that behaves in some way, then an adequate system description of ...

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