Archive | Strategy

What are Business Ecosystems?

Business Ecosystem Model developed by Dr. James F. Moore

I recently wrote about business ecosystems, adaptability, and change leadership. This post takes us back to the basics: what are business ecosystems?

Business ecosystems are dynamic webs of interdependent organizations that rely on each other for success.

Traditional thinking envisions companies as rivals, battling each other for dominance and profit. Today’s organizations operate in a more complex world. They integrate competition and cooperation in innovative and unexpected ways and they need each other in order to survive.

James F. Moore, who coined the term, explains that business ecosystems include those we’ve always considered to be part of a corporation: those inside the organization’s walls plus distribution channels and direct suppliers.

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Five Tips for Strategic Planning That Works

Checkmate - Omer Unlu on flickr

 

Only 11% of executives strongly believe that strategic planning is worth the effort (Mankins & Steele in Harvard Business Review, 1/06). Yet, companies continue to plan year after year. Surely there must be a way to reduce the pain and increase the return on investment. This article outlines tips and techniques for improving the strategic planning process.

Tip #1: Don’t Wait

Often, leaders return from summer vacation and realize that it’s time for strategic planning. To complete the process from conception through budgeting before the next fiscal year begins, organizations rush critical strategic conversations.

Instead, insert strategic conversations throughout the course of the year.

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