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Strategy

Organizations need to develop powerful strategies to deal with the changing business environment and come up with unique approaches to innovation in order to drive growth. Read about crucial concepts like Strategic Thinking, Gaining Competitive Advantage, Developing a Sustainable Business Strategy, and more to contribute towards your overall organizational strategy.

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Vinay Krishna

What attracts Top Tech Talent?

Key Takeaways / TLDR :

It's not salary or compensation package! Top reasons that employees start looking for a new job are: 1) Lack of learning and growth opportunities 2) Lack of flexibility 3) insufficient rewards and recognition for their work In short, people want a supportive work environment — opportunities, flexibility, and recognition are all elements of that.

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5 Forces that will drive the adoption of GenAI - Gartner and HBR

Key Takeaways / TLDR :

Generative AI turned one in November 2023 — at least for most executive leaders who had never heard of the technology before OpenAI’s release of ChatGPT dominated news coverage this past year. Executive leaders have since been busy reviewing use cases and figuring out adoption in their strategies. Gartner research has identified five forces that will keep the pressure on executives to keep learning, testing, and investing in the technology: 1) Board and CEO expectations; 2) Customer expectations; 3) Employee expectations; 4) Regulatory expectations; and 5) Investor expectations.

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Hybrid Work: Dovetails well with Diversity and Inclusion Strategy blocks.

Key Takeaways / TLDR :

Hybrid work has the potential to offer a higher level of flexibility, a better work–life balance, and a more tailored employee experience. These can have a disproportionately positive impact on diversity, equity, and inclusion (DEI) efforts, as well as on performance. Make no mistake: tapping the benefits of a more inclusive hybrid work culture is difficult, delicate work. There’s scant evidence of companies that have mastered the challenge.

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What to do when Growth Stalls? Harvard Business Review

Key Takeaways / TLDR :

An abrupt and lasting drop in revenue growth is a crisis that can strike even the most exemplary organization. So, what should one do when growth stalls? The top reasons for stalled growth are: 1. Innovation management breakdown 2. Premature core business abandonment 3. Talent shortfall, Insufficient capabilities—particularly at the executive level Strategy agenda, guarding against growth stalls should be at the top. The tools we offer will enable the executive team to continually test the accuracy of its worldview and to flag any flawed assumptions that might trigger a stall if they go uncorrected.

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What Is a Barbell Strategy? Barbell Strategy Applied To Business

Key Takeaways / TLDR :

A Barbell strategy consists of making sure that 90% of your capital is safe, and use the remaining 10%, or on risky investments. Applied to business strategy, this means having a binary approach. On the one hand, extremely conservative. On the other, extremely aggressive, thus creating a potent mix.

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Business Plan: Why is it Important?

Key Takeaways / TLDR :

A business plan lays out a written roadmap for the firm from marketing, financial, and operational standpoints. Business plans are used to attract investment before a company has established a proven track record, and to keep your company on track to meet goals.

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Revitalising a team has a lot less to do with changing the people and lot more to do with changing the context!

Key Takeaways / TLDR :

Individuals do not change fundamentally from who they are! in order to revitalise them, leaders change the context or the environment that they operate in! Late Prof. Sumantra Ghoshal, calls it ‘The Smell of the place’! He petitions that in order to revitalise teams leaders should change the smell of the place! Stop focusing on: - Constraints - Compliance - Control - Contract Instead focus on creating an environment of: - Stretch - Decipline - Trust - Support That’s what will revitalise teams!

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The Four Types Of Products

Key Takeaways / TLDR :

1. Offers new ways to address a problem. This type of product is new in the market with the potential of attracting new clients. 2. New to your company and may already have a similar one offered by your competition. 3. Offers new solutions to a pressing problem amongst your existing customers. 4. A product that your existing clients have been asking for. It is not necessarily a game-changer but can include an updated feature or enhancement to attract new clients.

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Vinay Krishna

Can GenAI really do strategy? Well No! Its an Aid at best!

Key Takeaways / TLDR :

In this era of gig work and changing demographics, everyone, from white-shoe consultants to steel-toe customers, has the potential to contribute meaningful ideas and strategies — as do computers. By freeing strategists from routine tasks, AI enables them to imagine and experiment more. Financial analysts became more efficient with spreadsheets, writers more proficient with word processors. Well-built digital tools eventually enhance human productivity. This virtual strategists will make their human counterparts better at their job, enabling companies to create inclusive value propositions that offer sustainable paths to profitability and more.

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Wantrepreneurs: Entrepreneurs who are scared to embrace the discomfort of implementing "High Risk" strategies

Key Takeaways / TLDR :

As an entrepreneur — especially a first-timer or one who has limited sales experience — it’s easy to assume the key to a successful startup is to “always be selling”. While that may do you some good, most entrepreneurs create an uphill battle by their misguided approach. Better strategy to selling involves: 1. Brag more about your initial clients success than about your own product, service or attributes. 2. Be prepared to walk away if your product is not the right fit for the customers need. 3. Don't be afraid to lose.

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Be your own manager to optimize yourself!!

Key Takeaways / TLDR :

This works nicely for habitual procrastinators: individuals who claim they will do something later and then wonder why it never gets done. Instead of being overwhelmed, break down your to-do list into manageable portions. Scheduling your time by the hour requires minimal effort to adopt but yields significant rewards.

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Why influence is necessary for business

Key Takeaways / TLDR :

Influence is one of those keywords that is frequently connected with upper-level management or a sales or marketing prowess. You rely on influence to execute your job no matter what area you work in or how senior your position is—entry level, middle management, director, or C-suite. If you're a manager, you're obviously influencing your employees to perform and behave in accordance with your vision and expectations. If you're an entry-level employee, though, you might not realise how much power you wield in teaching your coworkers how to communicate and collaborate with you.

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Strategies for Sustainability Program

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