Decisions – By blinks and blinkers
Life is a process of mistake- making and calling it experience… Well, I knew that for sure but every now and then keep getting confirmations of wrong roadmaps of growth. My interaction with young budding managers at a leading institute or an upcoming successful IT geek entrepreneur endorses it further.
Most people learn by making wrong decisions and managing change. The difference in approach is not a matter of people choosing one analytical tool or planning one business model over another. The difference comes from understanding fundamental, implicit assumptions of strategy of growth.
The conventional approach is staying ahead of competition. Strategic logic would be not to be bothered about matching or catching up on rivals but to focus on consensus building of stakeholders and strategic logic.
The five dimensions of conventional strategy are Industry assumptions, Strategic focus, Customers, Assets and Capabilities and the last Product and service offerings will continue to be the same though value innovations logic definitely needs rethinking and remodeling time to time.