6. âStrategy is a big-complicated thing and any
single definition could be suicidal.â
7. To understand the meaning behind this most used and
even more misused word, one needs to understand the
five meanings of strategy.
The lesser known 5 Pâs
8. To understand the meaning behind this most used and
even more misused word, one needs to understand the
five meanings of strategy.
The lesser known 5 Pâs
The lesser known 5 Pâs
10. Plan Strategy is a plan of action into future, telling us where we are currently,
where do we have to go and what actions in a particular order we have to
take to reach there.
11. Strategy is a pattern, a sort of consistency in the behavior over time.Pattern
What is
it?
I donât know â it
just fell out of my
bum.
12. Both are valid definitions
organizations make plans for future
and they also evolve patterns out of their past
One can be called intended strategy and the other realized strategy.
13. Both are valid definitions
organizations make plans for future
and they also evolve patterns out of their past
One can be called intended strategy and the other realized strategy.
14. Both are valid definitions
organizations make plans for future
and they also evolve patterns out of their past
One can be called intended strategy and the other realized strategy.
15. Both are valid definitions
organizations make plans for future
and they also evolve patterns out of their past
One can be called intended strategy and the other realized strategy.
This will be
great.
This was
great.
16. Both are valid definitions
organizations make plans for future
and they also evolve patterns out of their past
One can be called intended strategy and the other realized strategy.
This will be
great.
This was
great.
Ideally a mix is followed. Some thinking ahead and some on the way learning-and-adaptations.
17. Oneâs strategy mix should depend upon oneâs ability to predict unexpected eventsâŠ
Oh so, thereâll be floods on
28th.
Our office is on ground floorï
Letâs move to top floor!
18. Oneâs strategy mix should depend upon oneâs ability to predict unexpected eventsâŠ
âŠand need to react to unexpected events.
Oh so, there might be floods
on 28th.
Our office is on top floorï
So floods donât matter!
19. Oneâs strategy mix should depend upon oneâs ability to predict unexpected eventsâŠ
âŠand need to react to unexpected events.
One extreme means no learningâŠ
Rigid Strategy
Keep doing the same old tried but
tested things!
20. Oneâs strategy mix should depend upon oneâs ability to predict unexpected eventsâŠ
âŠand need to react to unexpected events.
One extreme means no learningâŠ
âŠother means no control.
No Strategy
Business is a fun chemistry lab, but
things explode at times!
21. Oneâs strategy mix should depend upon oneâs ability to predict unexpected eventsâŠ
âŠand need to react to unexpected events.
One extreme means no learningâŠ
âŠother means no control.
To put it differently, it should depend upon how much does one want to learn on the
way and how much control does one wants to exercise.
22. Another way of looking at strategy is thinking of it as a position of some
advantage. Itâs about creation of a valuable and unique position.
âPositionâ is downward and outward looking.
Position
23. Perspective is a organizationâs
fundamental way of doing things,
like, the McDonaldâs way, the Tata
way or the Google way.
It can be seen as a set of values,
priorities, beliefs, behaviors,
attitudes, actions and responses.
âPerspectiveâ is upward and inward
looking.
Perspective Delight customers
Invest in R&D
Entrepreneurial culture
Fast
Cost cutting
Social responsibility
24. Again, both are valid definitions and a mix of both is required.
25. Changing of position within a perspective may be easyâŠ
Change Within Perspective
26. Changing of position within a perspective may be easyâŠ
âŠwhereas changing position while trying to maintain perspective is not
Change Outside Perspective
27. Changing of position within a perspective may be easyâŠ
âŠwhereas changing position while trying to maintain perspective is not
Google launching a printed directory is still imaginableâŠ
Google Printed Directory
28. Changing of position within a perspective may be easyâŠ
âŠwhereas changing position while trying to maintain perspective is not
Google launching a printed directory is still imaginableâŠ
âŠbut imagine Google launching a restaurant!
Google Restaurant
29. Ploy is a specific trick intended to outwit an opponent or
competitor.
Its like playing mind games to confuse the competitor.
A company might buy land to give the impression that it intends to
expand its capacity, in order to discourage a competitor from
building a new plant
Ploy
32. âStrategy sets directionâ
On one hand we know the path required to reach from one point to
another.
On other hand it turns us blind to the unpredicted dangers on the path.
34. âStrategy focuses effortâ
On one hand strategy helps in
focusing everyoneâs effort to the
same direction.
On other hand âGroupthinkâ arises
and opportunities and threats may
get unnoticed.
35. âStrategy defines the organizationâ
On one hand strategy provides a sharp and single meaning to organization.
36. âStrategy defines the organizationâ
Uhhh! So what
exactly rest of
the papers on
the table do?
On one hand strategy provides a sharp and single meaning to organization.
On other hand that sharp and single meaning could be too simple that rich
complexity may get lost.
38. âStrategy provides consistencyâ
On one hand strategy reduces
ambiguity and brings consistency in
action and results.
On other hand it curbs creativity
and perfection over time.
39. To understand
when and when not to strategize,
how much and how less to strategize
and
how and how not to strategize
is the key.