By Krzysztof Obloj
Utilises the studies of the easiest businesses and leaders in rising and mature markets to spotlight the mandatory linkage of ardour and self-discipline in an efficient approach procedure. ardour motivates and continues a manager's concentration, when self-discipline is critical to make ardour efficient and powerful.
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Extra info for The Passion and Discipline of Strategy
Sample text
When do we know that strategists’ experience will really count? 11 Some people might be fast learners, but a real experience and expertise takes long time to develop. 12 It means years of practice that should take place in an environment that fosters learning. This second condition is crucially important, because an environment that allows to develop and hone real professional skills should be relatively regular and predictable. Nobel laureate Daniel Kahnemann discuss this issue in details, stressing that only regular environments that provide quick and relevant feedback with clear and real consequences for failure allow to develop skilled intuitions and experience: ‘Chess is an extreme example of a regular environment, but bridge and poker also provide robust statistical regularities that can support skill.
Silicon Mitus grew more slowly, ‘only’ by 9336 percent, exploiting the unprecedented dynamics of growth on the market for semiconductors, components and electronics around the world. In the same ranking in 2012, the first two places were taken by ProCrystal Technology (Taiwan) and Vipshop Holding (China). The former grew between by 10,027 percent between 2008 and 2011, in relatively mature sector of semiconductors, components and electronics. 8 The hinge of Apple’s strategy on the market of mobile phones was in turn the observation of two facts: high cost of phone subsidies by telecommunication operators combined with an increasing dependence on the Internet of all users of mobile phones.
A good example is the search for economy of scale as a key strategy of virtually all of today’s steel producers, like ArcelorMittal, Baosteel Group, Pohang Iron and Steel, Tata Steel, Nucor Steel, Severstal or Ezz Steel. Recreating the pattern of changes and extrapolating it for the future, leaders can define with a high probability the resources and investments necessary to develop a sustainable competitive advantage on the market. This view assumes that strategy can and should be developed in a formal, ordered way according to the sequence: environmental analysis (trends, scenarios and key success factors) – organization’s diagnosis (strengths and Sensemaking and Territory 37 weaknesses) – choice of the strategy linking future states of the environment, strengths and weaknesses of the organization and the undertaken business initiatives.
