Strategy   Strategic Management   Enterprise     Two Logics of Strategy Formulation Strategy Pyramid vs. Strategy Stretch     Successful companies are those that focus their efforts strategically. Yet, like various types of animals − elephants, tigers, gazelles, etc. − have specific and very different survival strategies, so do various types of companies.     One thing is common though for companies of any types who want to grow rapidly: strategy should be a stretch exercise, not a fit exercise.   Yin-Yang of Strategic Management        Strategic Management How to choose between the strategy-driven and the opportunity-driven business development approaches?     Use strategy approach Use opportunity approach Known  and stable environment Unknown, unstable, rapidly changing environment Building on existing competences, products, and/or markets Building on new competences, products, and/or markets Business consolidation, need stability and certainty Business expansion, need change; accept uncertainty When you create breakthroughs, simulation games, such as InnoBall (Innovation Brainball), help you achieve far better results than strategic planning. VadiK Inventor Author Founder   How To Become a Market Leader When asked how to become a market leader, most executives say a company should be among the first to successfully jump through a window of entrepreneurial opportunity when it opens, and be the first to get thing right.   Strategies of Market Leaders Strategic Intent Ask Learning SWOT Questions   Great innovators create new Blue-Ocean markets, find new treasures and take as much as they want. Others follow and compete for whatever is left. VadiK Inventor Author Founder   Advice by Self-made Billionaires   Why join the navy if you can be a pirate? Innovation distinguishes between a leader and a follower. Steve Jobs Apple The only way to get ahead is to find errors in conventional wisdom. Larry Ellison Swim upstream. Go the other way. Ignore the conventional wisdom. Sam Walton It is often easier to make progress on mega-ambitious dreams. Since no one else is crazy enough to do it, you have little competition. Larry Page Google A man to carry on a successful business must have imagination. He must see things as in a vision, a dream of the whole thing. Charles Schwab As long as you’re going to be thinking anyway, think big. Donald Trump Learn   Strategic Management   Teach   10-part Strategies of 7 World-Changing Firms Surprise to Win Blue-Ocean vs, Red-Ocean Strategies  Strategic Management vs. Classic  Strategy Management: 3 Levels Disruptive Strategist Futures Thinking Guiding Principles