Saturday, February 8, 2014

Business Ecosystems

An economic community of organizations and all their stakeholders, including suppliers and customers. Organizations need to be as good at cooperating as they are at competing if they are to succeed. Key organizations selectively cooperate and compete to achieve both their individual and collective goals.

Needed: More Strategic Cooperation

Greater strategic cooperation is needed to foster the spread of realized innovation.
Strategies for the Internet and Social Media

Internet Strategy Lessons

The Internet is not static. Internet technologies are still emerging. Corporate strategist and entrepreneurs are challenged to build business models based on where they expect these technologies to be X years down the road.  There is no one-size-fits-all Internet strategy. Customer loyalty is built with reliable brand names and “sticky” web sites.

E-Business Strategies for the Internet

Emerging Business Models for Social Media
Social media are second-generation web tools. Include but are not limited to blogs, social networking sites, micro-blogging sites, video and photo sharing sites. Represents the advent of user-generated content. Social media strategies are a work-in-progress as new technologies are unfolding

The Strategic Management Process

Four Steps in the Strategic Management Process
1.      Formulation of a grand strategy
2.      Formulation of strategic plans
3.      Implementation of strategic plans
4.      Strategic control
The Strategic Management Process

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