Strategy and Leadership PV237 Ing. Michala Kozinova, MBA. Strategy Market Strategies Analytic tools Strategy and Leadership PV237 Strategy and Leadership PV237 Management&LEADERSHIP Management&LEADERSHIP BALANCED SCORECARD What do we measure BALANCED SCORECARD What do we measure MISSION Why are we here Lasting Purpose MISSION Why are we here Lasting Purpose STRATEGY How do we get there/ Business model/ Competitive Advantage STRATEGY How do we get there/ Business model/ Competitive Advantage EXECUTION Change Management/ Top down cascaded SMART goals / Competencies/ Training/ Compensation EXECUTION Change Management/ Top down cascaded SMART goals / Competencies/ Training/ Compensation VISION Picture of what we want to be in the future VISION Picture of what we want to be in the future VALUES What’s important to us Our culture VALUES What’s important to us Our culture Porter's Five Generic Competitive Strategies 1980 Overall Low-Cost Leadership Strategy Broad Differentiation Strategy Focused Differentiation Strategy Focused Low-Cost Strategy Stuck in the Middle A Broad Crosssection of Buyers A Narrow Buyer Segment(or Market Niche) MarketTarget Type of Competitive Advantage Being Pursued Lower Cost Differentiation Cost and Differentiation Strategy are mutually exclusive Porter's Five Generic Competitive Strategies 2007 Overall Low-Cost Leadership Strategy Broad Differentiation Strategy Focused Differentiation Strategy Focused Low-Cost Strategy Best-Cost Provider Strategy A Broad Crosssection of Buyers A Narrow Buyer Segment(or Market Niche) MarketTarget Type of Competitive Advantage Being Pursued Lower Cost Differentiation Hybrid Strategy needed due to highly volatile market conditions Value Discipline Strategies Treacy and Wiersema (1993) The Discipline of Market Leaders The 4 Ps of Marketing Mix Based on “The Concept of the Marketing Mix” article by Neil Borden published in 1964 Later expanded to 7 People Process Physical evidence BCG Product Portfolio matrix ● Work in pairs and deduct which picture goes to which quadrant Marketgrowthrate Relative market share LOWHIGH LOWHIGH BCG Product Portfolio matrix Marketgrowthrate Relative market share LOWHIGH LOWHIGH Invest Select a few Walk away Walk away Values Values - behavior standards that help set company culture Exercise: Write down the ones that come to your mind – if it were your company, what would be important? Put it together in groups, indicate number there where a particular value appeared repeatedly. Put it on whiteboard as a group, create a wordle as homework – you will need it for final presentation Values Assignment ● Deadline for the presentation is May 11. ● There will be two presentation slots: May 13 and May 20. ● Each team needs to present. All members need to be there for the team presentation