Corporate Strategy (Remastered) II A Fieldbook Implementing High Performance Strategy and Leadership
Since the onset of the Fourth Industrial Revolution numerous corporations have found that traditional ‘strategic planning’ is ineffectual in responding to, or capitalising on, unforeseen or unexpected change. In recognition of this and associated symptoms of inertia, bankruptcy or worse, this fieldb...
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Oxford
Routledge
2021
Taylor and Francis Taylor & Francis Group |
| Edition: | 1 |
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| ISBN: | 9780367473204, 9780367505622, 0367505622, 0367473208 |
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| Abstract | Since the onset of the Fourth Industrial Revolution numerous corporations have found that traditional ‘strategic planning’ is ineffectual in responding to, or capitalising on, unforeseen or unexpected change. In recognition of this and associated symptoms of inertia, bankruptcy or worse, this fieldbook was written for the purpose of guiding strategy practitioners through their intended or unintended journey into the future by providing meaningful strategy practices that enable responses to disruption and more importantly, better strategy practices overall. With a focus on strategy practice (‘doing’ strategy), this book represents a ‘how-to’ of Third Wave Strategy as defined in detail in the introductory book Corporate Strategy (Remastered) I.
In addition to a description of methods that contribute to the philosophy of Third Wave Strategy, readers will witness the experiences of a virtual illustrative company that is travailing the same journey of organisational transformation and renewal that the methodologies described in this book also seek to address. The overall value of the book, therefore, is its ability to relate theory to practice in a factual and experiential format.
A key part of the use of the virtual case study based on the illustrative Third Wave Industries (T-wI) Corporation is the blending of the system and process mechanisms that are a part of Third Wave Strategy and its framework, the strategy tools and techniques that are drawn from new and existing strategy practice and the soft issues that are represented by the human responses to change, as well as the management of change enacted in a corporate environment. |
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| AbstractList | As the second book this book is designed to explain, demonstrate and illustrate the way in which Third Wave Strategy can applied to practice from a dynamic, agile, practical and holistic perspective. Since the onset of the Fourth Industrial Revolution numerous corporations have found that traditional ‘strategic planning’ is ineffectual in responding to, or capitalising on, unforeseen or unexpected change. In recognition of this and associated symptoms of inertia, bankruptcy or worse, this fieldbook was written for the purpose of guiding strategy practitioners through their intended or unintended journey into the future by providing meaningful strategy practices that enable responses to disruption and more importantly, better strategy practices overall. With a focus on strategy practice (‘doing’ strategy), this book represents a ‘how-to’ of Third Wave Strategy as defined in detail in the introductory book Corporate Strategy (Remastered) I. In addition to a description of methods that contribute to the philosophy of Third Wave Strategy, readers will witness the experiences of a virtual illustrative company that is travailing the same journey of organisational transformation and renewal that the methodologies described in this book also seek to address. The overall value of the book, therefore, is its ability to relate theory to practice in a factual and experiential format. A key part of the use of the virtual case study based on the illustrative Third Wave Industries (T-wI) Corporation is the blending of the system and process mechanisms that are a part of Third Wave Strategy and its framework, the strategy tools and techniques that are drawn from new and existing strategy practice and the soft issues that are represented by the human responses to change, as well as the management of change enacted in a corporate environment. Introduction What to do when you can’t be what you can’t see Concept of Corporate Strategy (Remastered) How to use this book Workshop case study: Third-wave Industries (T-wI), Security Printing and Packaging Division (SPPD) Fundamental component of Third Wave Strategy: sponsive strategic change 1 Concept of Corporate Strategy (Remastered) Chapter overview Learning insights Work plan phase 1: establish details of Long Term Strategy Introduction: Concept of Corporate Strategy (Remastered) Transforming T-wI, SPPD: a need to reframe, transform and renew System and process: construct of the Third Wave Strategy framework Element 1: expressions of Purpose, Mission, Vision and Long Term Strategy Long Term Strategy Cognition and organisational change: an assessment of the human aspects of Third Wave Strategy Stakeholder Engagement: communicating, motivating and organising for high performance Formal strategy practice: open strategy practice at the level of a profession 2 Articulating Long Term Strategy Chapter overview Learning insights Work plan phase 2: establish details of Long Term Strategy Introduction: fundamentals of Long Term Strategy Integrated Value System Core elements of the Strategic Architecture Articulating Long Term Strategy at T-wI, SPPD 3 Reinventing Strategic Planning Chapter overview Learning insights Work plan phase 3: reinventing Strategic Planning: Strategy Evaluation Introduction: the notion of Strategy Evaluation Redefining Long Term Strategy at T-wI, SPPD Strategy Evaluation, Shaping: enabling structured and unstructured strategic thinking Strategy Evaluation, Reviewing: assessing the value and effectiveness of strategy Evolving a Strategy Narrative and redefined journey of transformation at SPPD 4 Implementing Third Wave Strategy Chapter overview Learning insights Work plan phase 4: implementing Third Wave Strategy Introduction: implementing a Program of Continual Strategy Renewal at PSD – Health Implementing a Program of Continual Strategy Renewal 5 Strategic Alignment Chapter overview Learning insights Work plan phase 5: Strategic Alignment Introduction: addressing issues of Strategic Alignment Evolving a reconciliation of Strategic Alignment Managing the dichotomies of strategy in practice and at T-wI, PSD – Health Revisiting the optimisation of Strategic Alignment at PSD – Health 6 Future strategy practice Chapter overview Learning insights Work plan phase 6: Strategic Alignment Introduction: future strategy practice Open strategy practice in play Open strategy practice at PSD – Health Conduct of a pilot open and Green Shoot Strategy program Next steps Paul Hunter (DBA) is Founder and CEO of the Strategic Management Institute and past partner at PwC. He works on a global stage consulting and teaching. He is also the author of The Seven Inconvenient Truths of Business Strategy (2014) and a chapter contributor in Corporate Universities: Drivers of the Learning Organization (Rademakers, 2014). Since the onset of the Fourth Industrial Revolution numerous corporations have found that traditional ‘strategic planning’ is ineffectual in responding to, or capitalising on, unforeseen or unexpected change. In recognition of this and associated symptoms of inertia, bankruptcy or worse, this fieldbook was written for the purpose of guiding strategy practitioners through their intended or unintended journey into the future by providing meaningful strategy practices that enable responses to disruption and more importantly, better strategy practices overall. With a focus on strategy practice (‘doing’ strategy), this book represents a ‘how-to’ of Third Wave Strategy as defined in detail in the introductory book Corporate Strategy (Remastered) I. In addition to a description of methods that contribute to the philosophy of Third Wave Strategy, readers will witness the experiences of a virtual illustrative company that is travailing the same journey of organisational transformation and renewal that the methodologies described in this book also seek to address. The overall value of the book, therefore, is its ability to relate theory to practice in a factual and experiential format. A key part of the use of the virtual case study based on the illustrative Third Wave Industries (T-wI) Corporation is the blending of the system and process mechanisms that are a part of Third Wave Strategy and its framework, the strategy tools and techniques that are drawn from new and existing strategy practice and the soft issues that are represented by the human responses to change, as well as the management of change enacted in a corporate environment. |
| Author | Hunter, Paul |
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| Copyright | 2021 Paul Hunter |
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| DOI | 10.4324/9781003034827 |
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| Keywords | Strategic Architecture Strategy Blueprint Wave Strategy Market Level Analysis Short Term Strategy Swat Stakeholder Engagement Strategic Thinking Follow Aged Care Health Aged Care Services Agile Adaptation Strategic Review PSD Strategic Change Program Radio Frequency Identification Deliberate Disruption Strategic Change Agenda Long Term Strategy SMI Ambidextrous Organisation Cera Strategy Practice Scenario Analysis Strategy Evaluation |
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| Snippet | Since the onset of the Fourth Industrial Revolution numerous corporations have found that traditional ‘strategic planning’ is ineffectual in responding to, or... As the second book this book is designed to explain, demonstrate and illustrate the way in which Third Wave Strategy can applied to practice from a dynamic,... |
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| SubjectTerms | Business, Management and Marketing Corporate Strategy Corporate Strategy Remastered Long Term Strategy Program of Continual Strategy Renewal Short Term Strategy Stakeholder Engagement Strategic Alignment Strategic Change Agenda Strategic Change Program Strategic Intent Strategic Planning Strategy Blueprint Strategy Evaluation Strategy Implementation Strategy Measuring, Managing, Monitoring and Reporting Strategy Monitoring and Renewal Strategy Narrative Third Wave Strategy Third Wave Strategy framework |
| Subtitle | A Fieldbook Implementing High Performance Strategy and Leadership |
| TableOfContents | Evolving a Strategy Narrative and redefined journey of transformation at SPPD -- 4 Implementing Third Wave Strategy -- Chapter overview -- Learning insights -- Work plan phase 4: implementing Third Wave Strategy -- Introduction: implementing a Program of Continual Strategy Renewal at PSD - Health -- Implementing a Program of Continual Strategy Renewal -- 5 Strategic Alignment -- Chapter overview -- Learning insights -- Work plan phase 5: Strategic Alignment -- Introduction: addressing issues of Strategic Alignment -- Evolving a reconciliation of Strategic Alignment -- Managing the dichotomies of strategy in practice and at T-wI, PSD - Health -- Revisiting the optimisation of Strategic Alignment at PSD - Health -- 6 Future strategy practice -- Chapter overview -- Learning insights -- Work plan phase 6: Future Strategy Practice -- Introduction: future strategy practice -- Open strategy practice in play -- Open strategy practice at PSD - Health -- Conduct of a pilot open and Green Shoot Strategy program -- Next steps -- Appendix: example case study to be used in coursework or consultant-led strategy development program -- Bibliography -- Index Cover -- Half Title -- Title -- Copyright -- Contents -- List of figures -- List of tables -- About the author -- Introduction -- What to do when you can't be what you can't see -- Concept of Corporate Strategy (Remastered) -- How to use this book -- Workshop case study: Third-wave Industries (T-wI), Security Printing and Packaging Division (SPPD) -- Fundamental component of Third Wave Strategy: sponsive strategic change -- 1 Concept of Corporate Strategy (Remastered) -- Chapter overview -- Learning insights -- Work plan phase 1: establish details of Long Term Strategy -- Introduction: Concept of Corporate Strategy (Remastered) -- Transforming T-wI, SPPD: a need to reframe, transform and renew -- System and process: construct of the Third Wave Strategy framework -- Element 1: expressions of Purpose, Mission, Vision and Long TermStrategy -- Long Term Strategy -- Cognition and organisational change: an assessment of the humanaspects of Third Wave Strategy -- Stakeholder Engagement: communicating, motivating and organisingfor high performance -- Formal strategy practice: open strategy practice at the level of a profession -- 2 Articulating Long Term Strategy -- Chapter overview -- Learning insights -- Work plan phase 2: establish details of Long Term Strategy -- Introduction: fundamentals of Long Term Strategy -- Integrated Value System -- Core elements of the Strategic Architecture -- Articulating Long Term Strategy at T-wI, SPPD -- 3 Reinventing Strategic Planning -- Chapter overview -- Learning insights -- Work plan phase 3: reinventing Strategic Planning: Strategy Evaluation -- Introduction: the notion of Strategy Evaluation -- Redefining Long Term Strategy at T-wI, SPPD -- Strategy Evaluation, Shaping: enabling structured and unstructured strategic thinking -- Strategy Evaluation, Reviewing: assessing the value and effectiveness of strategy |
| Title | Corporate Strategy (Remastered) II |
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