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What is Competitive Landscape Analysis? Competitive Landscape Analysis: A Practical Guide for Strategy Projects What is Competitive Landscape Analysis? Competitive Landscape Analysis is a structured framework used to evaluate the external business environment by analyzing market trends, industry dynamics, and key competitors.
What is Competitive Analysis? Competitive Analysis: A Practical Guide for Strategy Projects What is Competitive Analysis? Competitive Analysis is a structured framework that enables organizations to evaluate their position in the market by assessing competitors strengths, weaknesses, strategies, and performance.
When we think of a business having a competitive advantage, we still tend to think of traditional economic moats such as a low-cost structure, economies of scale, or perhaps a more intangible moat like a strong brand. You need the ability to adapt to change, and innovate, faster. It’s simple, really.
As work evolves into hybrid and remote models, companies must also evolve their thinking on recruitment, retention, and growth. The way we work is changing. The companies that adapt to this new reality successfully will be the ones that take investing in their employees seriously. A competitive advantage.
Why do some embedded analytics projects succeed while others fail? We surveyed 500+ application teams embedding analytics to find out which analytics features actually move the needle. Read the 6th annual State of Embedded Analytics Report to discover new best practices. Brought to you by Logi Analytics.
Benchmarking is a strategic process that involves measuring an organizations performance, practices, or processes against industry leaders or top-performing companies. Benchmarking is not about imitationits about learning from others to accelerate progress, improve competitiveness, and inform strategic decision-making.
Ohmae’s 3Cs Model: A Practical Guide for Strategy Projects The 3Cs Model , developed by Kenichi Ohmae , is a strategic framework that helps businesses achieve a sustainable competitive advantage by focusing on three key stakeholders: Customer, Company, and Competitor. Create long-term value for both customers and the company.
Kotler’s Pricing Strategy: A Practical Guide for Strategy Projects Kotlers Pricing Strategy , developed by Philip Kotler , is a comprehensive framework that helps businesses determine the most effective pricing model to maximize revenue, market share, and competitive positioning. Providing flexibility in response to market changes.
Five Forces Model: A Practical Guide for Strategy Projects The Five Forces Model , developed by Michael Porter , is a strategic framework that helps organizations analyze the competitive forces shaping an industry. It provides a structured approach to assessing market dynamics, competition, and profitability potential.
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It turns out that in order to keep consumers buying products year after year, some companies are actually deliberately reducing the quality of their products. In some especially nefarious situations, these companies may be updating their products through software even after you bought them, in order to make the performance worse.
It enables organizations to assess when to scale, improve, or replace existing technologies, ensuring they allocate resources efficiently and maintain a competitive edge. Scale Drive Market Adoption and Growth Once a technology gains traction, companies must expand market reach. Lead Successful Change Management Projects!
In todays competitive market, companies must ensure that they are investing in ideas that meet real customer needs and expectations. The concept is competitive and meets market demands. Lead Successful Change Management Projects! Competitive Positioning Framework Helps compare product features and market advantages.
As ProPublica described in an investigative article about RealPage’s “Yieldstar” software, companies are using algorithms to do essentially the same thing. The post We Need To Rethink How Competition And Collusion In An Artificially Intelligent World first appeared on Digital Tonto. We should demand they be met.
In a time that's driven by the almost manic pace of technological advancement, adapting to change is a must for any business. More often than not, being flexible enough to get the most out of the latest tech trends defines the success or failure of a company.
McKinsey 7S Model: A Practical Guide for Strategy Projects The McKinsey 7S Model is a strategic framework developed by McKinsey & Company to help organizations assess and align their internal structure and processes for maximum effectiveness. Improve organizational flexibility and adaptability to change. What is McKinsey 7S Model?
Each phase reflects different levels of growth potential, innovation activity, and competitive pressure. It helps companies plan for the future instead of reacting to disruption when it’s too late. The framework supports innovation projects by: Highlighting when incremental improvements will no longer yield competitive advantage.
First Mover Advantage: A Practical Guide for Strategy Projects First Mover Advantage (FMA) is a strategic concept where a company gains a competitive edge by being the first to enter a new market or introduce a groundbreaking product or service. What is the First Mover Advantage?
We have the choice of “self-imposed” or company-imposed” time at home. I was pondering some thoughts around the quest for growth, the demands for change, and the need to become nimble, agile, and more dynamic in what we do. We continuously want to change what we have, even when it patently does the jobs we need ‘it’ doing.
Speaker: Cheryl Perkins, Founder and President, Innovationedge
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Value Disciplines Model: A Practical Guide for Strategy Projects The Value Disciplines Model , developed by Michael Treacy and Fred Wiersema , is a strategic framework that helps organizations identify and pursue a distinctive competitive strategy. Strengthening competitive differentiation in the market.
Identifying and managing these factors ensures that companies allocate resources efficiently, mitigate risks, and maintain a competitive advantage. Adapt to market changes while maintaining core competitive strengths. Increase Organizational Resilience Prepare the business for market changes and industry disruptions.
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Core Competence Analysis: A Practical Guide for Strategy Projects Core Competence Analysis is a strategic framework used to identify an organizations unique strengths that provide a competitive advantage. Align internal strengths with market needs Ensuring company expertise meets customer demands.
Every company is either an experience company today or will need to reinvent themselves to become one. Because experience - how we make people feel - is the final competitive differentiator for any organization.
Kays Distinctive Capabilities Framework: A Practical Guide for Strategy Projects Kays Distinctive Capabilities Framework , developed by John Kay , is a strategic model that helps organizations identify and leverage their unique competitive advantages. Helping companies build a strong reputation and customer trust.
Agile Innovation is a dynamic approach to project execution that breaks initiatives into small, manageable tasks, enabling organizations to rapidly adapt to market changes. Companies that fail to adapt risk becoming obsolete in an environment where customer preferences, market trends, and technological advancements shift rapidly.
By identifying gaps in processes, capabilities, or outcomes , businesses can develop targeted strategies to improve efficiency, enhance competitiveness, and achieve strategic goals. Drives innovation and competitive advantage Identifies opportunities for differentiation and growth. What does ideal performance look like?
Porter’s Diamond Model: A Practical Guide for Strategy Projects The Diamond Model , developed by Michael Porter , is a strategic framework that helps businesses and policymakers understand the factors that influence a nations competitive advantage. Identify competitive advantages based on local conditions.
Many application teams leave embedded analytics to languish until something—an unhappy customer, plummeting revenue, a spike in customer churn—demands change. But by then, it may be too late. In this White Paper, Logi Analytics has identified 5 tell-tale signs your project is moving from “nice to have” to “needed yesterday.".
Developed by General Electric (GE) and McKinsey & Company , this matrix expands upon the Boston Consulting Group (BCG) Matrix by incorporating a more comprehensive evaluation of business strength and industry attractiveness. Competitive Strength of the Business Unit Measures internal capabilities, brand strength, and market positioning.
Unlike other models that focus on isolated aspects of strategy, the Strategy Diamond provides a complete picture of how a company competes, differentiates, and sustains long-term success. Enhance competitive positioning and market leadership. Encouraging long-term thinking and sustainable competitive advantage.
Retail is a highly competitive sector of the economy. It has been characterised by major innovations and continuous evolution, driven by technological advancements and changing consumer preferences. Impact : E-commerce has transformed the way people shop, offering convenience, a vast selection of products, and competitive pricing.
Unlike traditional business evaluation methods that focus only on market size or competition, Mullins framework integrates both external and internal factors across seven distinct domains. Industry Attractiveness The competitive dynamics and structure of the industry. Mitigate risks by evaluating competitive and industry challenges.
Why do only a third of the organizations worldwide have formal innovation metrics in place despite accepting that innovation is critical to survival? Download this eBook to learn about the 5 basic principles that guide every successful innovation process.
Lets call this evolutionary ecosystem thinking Each of these below has a direct impact on competitiveness, resilience and long-term viability as we tackle volatility, uncertainty, complexity, and ambiguity (VUCA). Competitive necessity drives wider adoption. Financial performance.
The acronym SWOT stands for: Strengths Internal capabilities that provide a competitive advantage. Why a SWOT Analysis is Important A SWOT Analysis provides a holistic view of a companys strategic position by examining both internal and external factors. Identifies competitive advantages Highlights what the company does best.
In todays fast-paced business environment, organizations must continuously adapt and evolve to meet changing customer expectations and market dynamics. By integrating Design Thinking into their strategic approach, organizations can increase customer engagement, drive competitive differentiation, and foster a culture of continuous innovation.
In an environment where companies constantly seek innovation, launching new products or services without proper evaluation can lead to wasted time, effort, and financial loss. This process is particularly beneficial in industries where competition is fierce, and market trends shift rapidly. Lead Successful Change Management Projects!
Why a Strategy Uncertainty Map is Important Every business faces uncertainty in areas like market trends, competitive shifts, technological advancements, regulatory changes, and economic fluctuations. Which areas operations, competition, technology, or regulation are most vulnerable?
It is based on the idea that companies should simplify their strategy and concentrate on what they can be the best at , rather than spreading themselves too thin. What You Are Deeply Passionate About Aligning strategy with the companys vision and values. Develop a competitive advantage based on strengths.
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They can quickly respond to changes in technology, market conditions, or societal needs, making them more resilient and better equipped to sustain long-term innovation. This speed can be a critical differentiator in competitive industries. This resilience is increasingly important in a rapidly changing world.
Planet (Environmental Sustainability) The organizations effect on natural resources and climate change. Improving brand loyalty Consumers are increasingly supporting ethical and sustainable companies. Attracting and retaining talent Employees prefer working for companies with a strong ethical purpose.
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