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Strategy and Business Planning

Designing for Competitiveness

This article discusses how effective product design can be employed in organisations to improve their competitiveness. One major focus of our discussion is on how standardisation can be used as a strategy to enhance competitiveness. Product design is the initial stage of the product life-cycle. Success of the product in the other stages of the life-cycle mainly depends on the ... Read More »

When Business Plans Don’t Work

Lorenzo Mule Stagno

Believe it or not, business plans are a good thing, even if they are seen by many as just a shot in the dark. I remember delivering a business planning course to a group of start-ups, and their major concern was: how can you predict what will happen in a year’s time? Yes, in their case they were required to ... Read More »

Hybrid Competitive Strategies

Today the advancing globalisation is affecting more companies than ever, including an increasing number of companies which act only on a national level. The growing competition forces companies demand to adapt their internal structures and processes to the dynamic competitive conditions. The selection and implementation of the right competitive strategy is the key to long-term company success.  This article tries ... Read More »

The paradox of standardisation and innovation

Some argue that standardisation hampers innovation as following a prescribed solution limit new ways of doing things.  This article shows that this is a limited view and that the dynamics of innovation and modern standardization practices promote innovative process to achieve competitive advantage. The International Standards Organisation (ISO) define Standardization as the activity of establishing, with regard to actual or ... Read More »

Developing a Knowledge Creating Organisation

Many are aware of the importance of implementing effective knowledge management in organizations.  However, the challenges are not few!  This article discusses two basic approaches in identifying and managing knowledge in organizations and how these can be managed to develop a knowledge creating organisation. Tacit Knowledge The first approach we will be discussing is the tacit knowledge approach.  Tacit knowledge ... Read More »