“Number one, cash is king… number two, communicate… number three, buy or bury the competition.”
– Jack Welch, Former CEO of General Electric
As Thomas Friedman declared in his illuminating 2005 book, The World is Flat. Think about the next few statements. Over the past two years, 90% of all data was created. A morning call to your bank can be answered by a college grad working the night shift in Bangalore. A disgruntled customer, with a simple social post, can make a dent in the polished brand of a Fortune 500. I can get a factory in China to make just about anything with some design schematics and cash (trust me, I’ve seen it firsthand). And, you have no idea from where your next big competitor will emerge from.
More so than at any time in history, it is critical for strategic leaders to understand and navigate through competitive dynamics. We don’t live in a time when the slow and steady wins. We live in a time of super-compressed competitive cycles, globalization disrupting cost curves, the blurring of the traditional boundaries between industries and markets, innovation spurring radical progress, and the internet giving anyone a potentially global audience. More so than ever, it is essential to understand competitive dynamics.
Here are the top tools and concepts of competitive dynamics and markets:
Also, check out our 114-page Market Analysis PowerPoint Template, which includes most of these frameworks, and so much more.
LEARN MORE ABOUT ME & CLIENT COACHING
Offering tons of free and insightful content on Stratechi.com is my passion. Learn more about me, Joe Newsum. I have a unique combination of deep management consulting experience (7+ years at McKinsey & Oliver Wyman) with practical executive experience in a myriad of roles (CEO, COO, CMO, CFO, and more) and in a variety of different types (software, CPG, retail, manufacturing, services) and sizes of companies (startups, midsize, multi-billion).
And, if you are curious or ready to have an experienced and expert thought partner to support you in your journey, check out some of my coaching & training services below that I've supported hundreds of clients with.
Do you want an experienced expert coach to support you in crafting winning strategies?
Do you have a challenging situation where you could use an objective and experienced thought partner?
Do you want a partner to help guide you and your team through a successful growth business transformation?
Are you looking for a coach to help create and facilitate an engaging and productive workshop?
Are you looking to upgrade your leadership skills and potential to accelerate your success?
Are you looking for an expert to work with to storyboard, develop slides, and improve your delivery?
Are you looking for a mentor to help clarify the vision for your future and realize your career potential?
Do you want to upskill your employees' problem solving, strategic capabilities, and understanding of strategy?
Are you a consultant that wants to take your consulting toolkit and skills to the next level?
WHAT IS STRATEGY?
GO TO MARKET