HARVARD BUSINESS REVIEW ON
BLUE OCEAN STRATEGY
BLUE OCEAN STRATEGY
BUSINESS AS USUAL IS NOT AN OPTION . . .
DESIGN THINKING
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Innovative products/services require a thorough understanding of hiddencustomer needs that traditional market research techniques fail to identify.
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Observational and ethnographic research of customers in real life situationsuncover those hidden unmet needs and new business opportunities.
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Reframing those needs by understanding base motivations breaks existingrestrictive paradigms and opens minds to truly disruptive innovation
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Iterative design, prototyping and customer testing helps confirm if you aremoving in the right direction and permits faster reaction to market changes.
STRATEGIC EXECUTION
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Lean Startup rapidly and inexpensively tests proposed products and business models with markets to assess acceptance and needed changes or pivots.
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Pivots can involve markets, channels, value capture, technology, platforms, etc. Such pivots were the key to success for many multi-billion-dollar firms.
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Agile provides a reliable pipeline for continuous development of products or services with higher quality, less risk and a greater capability for change.
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Design for Six Sigma insures customer expectations are met, reduces time-to-market and prevents high warranty costs and loss of company reputation.Contact LCGadvantage to implement Strategic Execution
ORGANIZATIONAL DEVELOPMENT
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Organizations should conduct SWOT analysis to identify strategic business needs, then drill down to objectives and value drivers, followed by current state/future state capability analysis to facilitate organizational redesign.
- Training deployment strategy identifies knowledge gaps, course curriculums, content, delivery channels, interactive elements, coaching, certifications and pre/post training performance metrics for employees to meet new challenges.
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Change Management is critical to tackling stakeholder issues, communicating change, and driving employee committment from awareness to ownership.Contact LCGadvantage for Organizational Development
STRATEGY - DESIGN THINKING - LEAN START-UP - AGILE DESIGN - LEAN - SIX SIGMA - TOC - DFSS
STRATEGIC PLANNING - BUSINESS PROCESS TRANSFORMATION - ORGANIZATIONAL REDESIGN - CHANGE MANAGEMENT COURSE DESIGN & DEPLOYMENT - INNOVATION BOOT CAMPS - KAIZEN EVENTS - PROJECT MANAGEMENT - COACHING
KANO & CONJOINT MARKET ANALYSIS - ETHNOGRAPHIC RESEARCH - PREDICTIVE ANALYTICS - COMPUTER MODELING
ERIC REIS ON MAKING PIVOTS
(THE SECRET TO SUCCESS)
(THE SECRET TO SUCCESS)
STEVE JOBS ON WHY COMPANIES FAIL
CONTINUOUS IMPROVEMENT
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Lean is used across all manufacturing and transactional operations to identifyand address wastes and inefficient flows to improve costs and performance.
- Six Sigma applies statistcal analysis to identify root causes of variations and
defects in products or service operations and to implement effective solutions.
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Theory of Constraints identifies and resolves operational bottlenecks toincrease profits, capacity and speed, while reducing lead times and inventory.Contact LCGadvanatage to drive Continuous Improvement
- Major firms are falling to paradigm shifts with increasingly shorter lifespans.
- The rate of change is accelerating with new technology and business models.
- Competing in Red Ocean markets, with declining margins, is a losing game.
- Innovation strategies are used to create uncontested Blue Ocean markets.
Contact LCGadvantage to develop Blue Ocean strategies