June 2023 Flashcards
Red Ocean vs Blue Ocean
Red Ocean Strategy focuses on competing within existing market boundaries, leading to fierce competition and often reduced profitability due to price wars and market saturation.
Blue Ocean Strategy emphasizes creating new market spaces through innovation and value creation, making competition irrelevant and unlocking new demand.
Kanter’s 10 reasons for resistence
Loss of Control
Excess Uncertainty
Surprise, Surprise!
Everything Seems Different
Loss of Face
Concerns about Competence
More Work
Ripple Effects
Past Resentments
Sometimes the Threat is Real
What are the five stages of grief (Kubler-Ross)
Denial
Anger
Bargaining
Depression
Acceptance
Stakeholder analysis and mapping
- degree of power (low-high)
- interest (low-high)
1. monitor
2. keep informed
3. keep satisfied
4. actively engaged
Spender
goals, judgement, people, flexibility
Mintzberg 5 Ps
plan; patter; position; perspective; ploy
Maccoby
foresight; visioning; partnering; motivating
Beer et al (1990) 6 steps to effective change
Mobilize Commitment to Change through Joint Diagnosis of Business Problems.
Develop a Shared Vision of How to Organize and Manage for Competitiveness.
Foster Consensus for the New Vision, Competence to Enact It, and Cohesion to Move It Along.
Spread Revitalization to All Departments Without Pushing It from the Top.
Institutionalize Revitalization through Formal Policies, Systems, and Structures.
Monitor and Adjust Strategies in Response to Problems in the Revitalization Process.
Pettigrew and Whipp (1991) - five factors theory
Environmental Assessment
Leading Change
Linking Strategic and Operational Change
Human Resources as Assets and Liabilities
Coherence in Strategic Direction
Chrysside and Kaler five dimensions of ethics
- business is business
- act within the law
- good ethics means good business
- conventional morality
- universal morality
SAFe framework
Suitability
Acceptability
Feasability
