Strategy Book Reviews and Five Product Strategy Plans

Strategy Book Reviews and Five Product Strategy Plans The goal of this paper is to provide key insights and concepts from three strategy books and then begin the strategy planning process for five different products. The three books shy away from advocating old school Porter’s concepts and instead recommend strategic innovation since modern market environments are dynamic. Book 1: Thinkers 50 Strategy Crainer and Dearlove (2014) discuss the evolution of strategy concepts from early military strategists (Sun Tzu) to more recent influential works such as Michael Porter’s ‘Five Forces’, Gary Hamel and C.K. Prahalad’s resource-based ‘Harmonic Strategy’, Richard D’Aveni’s new 7-S framework for hypercompetition, W. Chan Kim and Renà ©e†¦show more content†¦1). Book 3: The Power of Strategy Innovation Johnston and Bate (2013) cover the need for ‘Strategy Innovation’ and provide several examples of successful large corporations (Walmart, General Electric, IBM) that started small and later dominated their industry through innovation, they define strategy innovation as the shifting of a corporation’s business strategy in order to create new value for both the customer and the corporation (chapter 1, para. 5). Johnston and Bate (2013) mainly detail a five phase strategy innovation process (‘Discovery Process’), consisting of staging, aligning, exploring, creating and mapping phases, to enable organizations to discover and create road maps to new business opportunities on their strategic frontiers (chapter 4, The Five Phases section). Product #1: Corn A corn farmer in the commodities market chiefly sells quality corn to large food grain and cattle feed wholesalers, the snacks industry and possibly the ethanol industry. Corn is in an investment heavy, volume based business with seasonally varying prices, stiff competition and other risks such as drought and unfavorable export regulations. Monsanto is a chief seed supplier since it specializes in developing genetically engineered crops that can withstand herbicides and ward off insects (Gillam, C., 2014, April 2). Building a market strategy for this product would involve reviewing the following book chapters: †¢ Crainer and Dearlove’sShow MoreRelatedPatent Strategies Like Evergreening Differently Impact The Developing World1227 Words   |  5 PagesPrasad Patent strategies like evergreening differently impact the developing world. The practice of evergreening not just refer to extending the original patent, but also includes strategies and practices used to protect a cluster of related, but unoriginal, technologies through the filing of secondary applications. This contributes to increased medical costs by keeping lower-cost generic alternatives out of the marketplace. This chapter gives an overview of the evergreening strategies that are employedRead MoreThe Principles And Purpose Of Interactive Design1229 Words   |  5 Pagesto ensure there is appropriate information returned. The books selected were Design Studies by Catherine Stones published in 2010, [8]; The Principles Purpose of Interactive Design published by Jamie Steane in 2014 about the different ways individuals design think [6], as well as, the book Wicked Problems in Design Thinking by Richard Buchanan, broader understanding defining Wicked Problem early 1992 [3]. Th e aim for selecting these books is because of their informative nature and the range ofRead More Able Corporation Business Plan Report841 Words   |  4 PagesThe Strategic Plan of Able Limited a subsidiary company of Walden International details goals for the next ten years. The plan also encompasses the strategies to achieve our initiative of breaking and leading in the global market and measures by which we will evaluate our progress. This plan is created in consideration of all our stakeholders. The plan will be updated yearly which will enable us to give account of our achievements, need for modification on new mission requirements and how to improveRead MoreDesigning An Article On Design Thinking Essay1419 Words   |  6 PagesThinking and the vital role that reinterpretation plays in the design process and reviews. Moreover, to discover more information, I used the library, Google Scholar and ACM Digital Library and various magazines, blogs and articles. I used speech marks on the phrase â€Å"Design Thinking† before entering it on the search engines. The purpose of this is to ensure I discover appropriate information. I have selected the book Design Studies by Catherine Stones published in 2010, The Principles Purpose ofRead MoreStrategic Planning And Strategic Marketing Planning795 Words   |  4 Pagesthe strategic planning orderly, it called comprehensive structure, later it adopted by numerous big and small organisations, George A. Steiner describes in his book â€Å"Strategic Planning†. There are various definitions of market strategy and every definition has its own aspect (Li et al 2000). According to Wensley (1983) marketing strategy is an act, a practice and a set of expertise, to analyse the business position. In (1992) Walker Boyd Larrechà © concluded strategic marketing planning is to efficientlyRead MoreAn Article About 20 Design Thinking Essay1315 Words   |  6 PagesBrown discussed in the Harvard Business Review in 2008 Design Thinking, [2] and, Jon Kolko wrote an article about 20 Design Thinking Comes of Age [2]. This gives a clear idea of different ways of Design Thinking. And Phil Brown recently discussed Why Design Thinking Conquered The World, [1] as well as, Steve Lennon discussed about Design Thinking [5]. The text, which is less relevant, is the Wicked Problems In Design Thinking as it is quite an outdated text book, but it is very influential indicatesRead MoreThe Laws And Laws That Business Will Be Selling Intangible Or Tangible Items1400 Word s   |  6 Pagescreators without deep pockets from being able to protect their work from infringers (Administrative Law Review). Other legal issues photographers may face are dissatisfied customer’s who may refuse to pay or threaten to seek legal actions against them, to offset these risks photographers should purchase legal liability insurance. (6) Competitive factors- business that provide similar services or products, and the different type of advantage or disadvantage them may have over your business. In order toRead MoreThe Adoption Of Knowledge Management Systems Essay1089 Words   |  5 Pages Adoption of Knowledge management systems as an IS /IT business strategy by SME’s in Kenya. Abstract In shaky, uncertain economies, small and medium enterprises often take the biggest blow in periods of slow or no business. When there are minimalistic orders, the impact is immediate as most of these firms don’t have a wide array of products compared to big firms. As a small organization, it’s always important to have a proper Information technology portfolio to help them carry out proper analysisRead MoreEssay about Amazon vs. Barnes and Noble1249 Words   |  5 Pages Q1: Summarize Barnes Noble’s business strategy and business model based in the case descriptions. How have these strategy and business model been evolved since the case was written? Ans. Barnes and Noble applied a combination of Economies of Scale and Vertical Integration and Monopoly as its Business Strategy in the 90s. They were the dominant sellers of books, CDs and Videos. Barnes and Noble acquired B. Dalton in 1986 the third largest book seller in America. After acquiring, the chainRead MoreAn Integrated Approach to Business Studies by Bruce R. Jewell1757 Words   |  7 PagesBook review: Principles of Management Book: An Integrated Approach to Business Studies, 4th Edition Author: Bruce R Jewell Management is a process of attaining organisational goals in a efficient and effective manner by planning, organising, leading and controlling organisational resources. This book seeks to clarify that everyone is a manager regardless of the specified job or function being undertaken. Therefore the book divided the organisation into its main functions typical of every firm, that