Tag Archives: competition

A Sniff Test for Strategy

When it comes to developing strategy using the Play-to-Win framework, the most difficult question to answer is “How will we win?” From what I’ve observed and experienced in facilitating countless strategy sessions, I believe the reason it’s so difficult is that there is a tendency to discuss and answer the question in the abstract, which results in generic responses that ...

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Want to Nail Pricing? Understand Market Dynamics First

Want to Nail Pricing? Understand Market Dynamics First - Innovation Excellence

Pricing is a game – one with asymmetric and imperfect information. So what does this mean for you? Basically, you’re very unlikely to nail pricing the first time. And even if you do come close, you’ll have to adjust as your product and market mature. While you’ll never get pricing 100% right the first time, there’s no reason you shouldn’t set yourself up for the best possible chance at success.

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The Magic Question of Strategy

The Magic Question of Strategy

Your grand strategy seems airtight on paper. You’ve arrived at a winning aspiration. You’ve honed in on an open and attractive segment in which to play. You’ve identified the competitive advantages that will enable you to win in your chosen spaces. You’ve got the capabilities and systems to support your choices. But as the saying goes, no battle plan survives ...

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What's Your Innovation IP Strategy?

I recently had to give bad news to a new client, the CEO of a successful global electronic hardware company. This CEO hired me earlier this year to help ensure that his company's upcoming innovations, which were the product of a several year turnaround program, were protected from competitive knock-offs. I have completed a couple of projects for the company to date, and he now wanted to discuss IP protection for...

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Eight Ways to Rethink Your Business Model

Regardless of type, my 25 years working with companies large and small, and with all manner of industry groups shows consistently that winning firms are those that don’t get trapped into conventional wisdom. Their leaders make it job one to challenge assumptions. They take time regularly to rethink. Use this list below to start a rethinking revolution in your firm:

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