Cover image for Strategic IQ : Creating Smarter Corporations.
Strategic IQ : Creating Smarter Corporations.
Title:
Strategic IQ : Creating Smarter Corporations.
Author:
Wells, John.
ISBN:
9781119942788
Personal Author:
Edition:
1st ed.
Physical Description:
1 online resource (329 pages)
Contents:
STRATEGIC IQ: CREATING SMARTER CORPORATIONS -- CONTENTS -- PREFACE -- INTRODUCTION -- Why do Successful Companies Fail? -- Inertia - A Fatal Disease -- In Search of Strategic Intelligence -- Smart Strategy -- Smart Structure -- Smart Minds -- The Holistic View -- Notes -- PART ONE: SMART STRATEGY -- Chapter 1.1: The Need for Smart Strategy -- Why Strategy? -- Why Smart Strategy? -- Low Strategic Intelligence -- What is Strategy? -- Moderate Strategic Intelligence -- High Strategic Intelligence -- Notes -- Chapter 1.2: Low Strategic Intelligence -- Level One: The Strategically Blind -- The Blissfully Ignorant -- Let's Pretend -- Strategic Amnesia -- Level Two: Strategic Denial -- Ostriches and Bunnies -- Tactical Traps - The Hamster's Treadmill -- Drivers of Denial -- Circuit City versus Best Buy -- Circuit City's Denial -- Best Buy's Continuous Change -- Preventing Denial -- Level Three: Strategic Incompetence -- Lost in the Dark -- Squabbling -- Outsourcing to Advisors -- Committed -- Dealing with Incompetence -- Summary -- Notes -- Chapter 1.3: What is Strategy? -- External Scope -- Competitive Advantage -- Generic Strategies -- Beyond Static Advantage - Faster and Smarter -- Dynamic Positioning -- Competitive Dynamics - Anticipating Competitors -- Network Effects and Competitive Advantage -- Internal Scope, Assets and Architecture -- Internal Scope -- Assets -- Architecture -- System Causal Logic -- Strategic Scorecard -- The Importance of Relative Cost Position and Relative Customer Value -- Short-Term Profit versus Net Present Value -- Measuring Drivers of Advantage -- Crucial Assumptions -- Extending the Strategic Business Model to Competitors -- Notes -- Chapter 1.4: Moderate Strategic Intelligence -- External Strategic Review -- Global View -- Industry Structure -- Competitive Advantage -- Dynamic Advantage -- Configuring for Advantage.

Competitor Analysis -- Displaying Resolve -- Managing Uncertainty -- Internal Strategic Review -- Assets -- Formal Architecture -- Defining Strategic Options -- Making Strategic Choices -- Criteria -- Decision Processes -- Testing -- Sharing and Declaring -- Strategy Execution and Change -- Old-Co, New-Co and Change-Co -- Making the Change -- Muddling Through -- Outsourcing Change -- Building Capacity for Change -- Strategic Scorecard -- Aligning Rewards -- Rigorous Revision Cycle -- Prepared for Change -- Challenges of Maintaining Competence -- Summary -- Notes -- Chapter 1.5: High Strategic Intelligence -- A Mind-Set of Change -- Creating Problems - Systematically Dissatisfied -- Creating Problems - Creative Destruction -- Breaking the Model, Self-Cannibalizing -- Shaping the Environment to the Firm's Advantage -- Breaking Out - Creativity -- The Problems with Creating Problems -- Smart Vision -- Aspirational -- Inspirational -- Grounded in Advantage -- Articulating a Vision -- Capacity for Change - Distributed Intelligence -- Funding Strategic Innovation -- Thinking and Acting at the Same Time -- Creating an Innovation Machine -- Self-Funding - Make Strategic Change ''Free'' -- Managing the Strategic Innovation Portfolio -- Driven to Strategic Success -- Strategy as Learning -- Perspectives on Leading Highly Intelligent Firms -- Summary -- Notes -- PART TWO: SMART STRUCTURE -- Chapter 2.1: The Need for Smart Structure -- The Stop-Start Cycle of Change -- Smart Structure -- Smart Asset Management -- Formal Architecture - Navigating the Architecture Labyrinth -- Informal Architecture - Leveraging Social Mechanics -- Towards Smarter Structure -- Notes -- Chapter 2.2: Smart Asset Management -- Introduction -- The Nature of Assets -- Accounting for Assets -- Nurturing Strategic Assets -- Trapped by Past Decisions -- Economic Asset Traps.

Financial Reporting Asset Traps -- Emotional Asset Traps -- Playing Asset-Lite - Smart Fashion -- Playing Asset-Flexible -- Working Capital Lite -- Financial Assets -- Human Assets -- Knowledge Assets -- Relationship Assets -- Reputation Assets -- Declaring War on Fixed Costs -- Turning Asset Traps into Opportunities -- Summary -- Notes -- Chapter 2.3: Formal Architecture - Navigating the Architecture Labyrinth -- Introduction -- Roles, Responsibilities and Reporting Relationships - The Three Rs -- The Need for Hierarchy -- The Limits to Hierarchy -- Object-Oriented Architecture -- Centralization versus Decentralization - A False Dichotomy -- Coordination Across SBCs -- The Death of Large Firms? Or a New Business Model? -- Opportunity-Oriented Architecture -- Business Processes -- The Benefits and Costs of Processes -- Overcoming Interrelatedness -- The Payback on Business Process Reengineering -- Focusing Resources for Change -- Human Asset Development -- Becoming a Preferred Employer -- Training in Strategy and Change -- Human Inertia -- Measurement Systems - The Strategic Scorecard -- Reward Systems -- Pay for Strategic Performance -- Pay to Drive Strategic Change -- Communication -- Communicating to Learn -- Communicating to Inspire -- Information Systems -- Designed to Change -- IT for Advantage -- Summary -- Notes -- Chapter 2.4: Informal Architecture - Leveraging Social Mechanics -- Introduction -- Social Mechanics and the Evolution of the Brain -- Small Group Coordination Skills -- Large Group Coordination Skills -- Large Group Coordination Behaviours -- Networking between Large Groups - Intergroup Social Mechanics -- The Formation of Informal Architecture -- Informal Hierarchy -- Informal Processes -- Informal Human Asset Management -- Informal Measures and Rewards -- Informal Communication and Information Systems.

Integrating Across Social Components - From Tribes to Nations -- Aligning the Informal and Formal Organization -- Turbocharging Informal Architecture - The Promise of Social Networking Technology (SNT) -- Progress in Applying SNT -- Summary -- Notes -- Chapter 2.5: Towards Smarter Structure -- Introduction -- Low Structural IQ -- Moderate Structural IQ -- High Structural IQ -- Smarter Asset Management -- Smarter Formal Architecture -- Smarter Informal Architecture -- Notes -- PART THREE: SMART MINDS -- Chapter 3.1: The Need for Smart Minds -- Introduction -- What is a Mind? -- Hiring Smart Minds -- Addressing Basic Human Needs -- Harnessing Insatiable Human Needs -- Notes -- Chapter 3.2: What is a Mind? -- The Evolution of the Brain -- The Reptilian Brain -- The Lesser Mammalian Brain -- The Superior Brain -- Neuroscience and Behavioural Psychology - The Individual Mind -- Basic Needs -- Insatiable Needs -- Neuroscience and Social Psychology - The Collective Mind -- Group Wisdom -- Group Biases -- Group Stupidity -- The Brain as a Learning Machine -- Conscious Processes of Learning -- Blind Expertise -- Unconscious Learning through Metaphor -- Learning through Mimicry -- Learning through Unconscious Mimicry -- Learning through Emotions -- The Learning Conundrum -- Anti-Learning Skills -- Group Learning Disabilities -- Summary -- Notes -- Chapter 3.3: Hiring Smart Minds -- Recruiting Raw Talent -- Selecting for Practical Intelligence -- Encouraging Smarter Behaviour -- Recruiting Senior Executives -- Beware Experience -- Beware Fit -- Seek Diversity -- Learning through Constructive Diversity -- Diversity of Thinking, Not Action -- Summary -- Notes -- Chapter 3.4: Addressing Basic Human Needs -- Introduction -- Basic Human Needs in Business and Society -- Employment -- Commitment to the Core -- Strategic Positioning to Avoid Layoffs.

Alleviating the Pain of Layoffs -- Teamwork -- Rewarding Teams for Change -- Developing Team Skills -- Object-Oriented Architecture -- Rewarding Change-Makers Rather than Positions -- Summary -- Notes -- Chapter 3.5: Harnessing Insatiable Human Needs -- Introduction -- Maslow's Higher Needs -- Learning -- Aligning Learning Needs with Greater Competitive Advantage -- Modifying Learning Behaviours -- Overcoming Blind Expertise and Anti-Learning Skills -- Communicating to Learn -- Listening to Learn -- The Role of Personal Accountability in Learning -- Positive Thinking to Learn -- Creativity to Learn -- Self-Ful.lment - Delivering Our Personal Best -- Mission - Vision and Values -- Vision -- Values -- Teaching -- Teaching Organizations to Learn - Leadership Behaviour -- Summary -- Notes -- BIBLIOGRAPHY -- INDEX.
Abstract:
In today's world, only the smartest survive. The competitive landscape is littered with graves of well-known firms whose revenues, profits and stock prices rose for decades until they suddenly imploded.                                               In fast-changing business environments, firms must adapt their strategies and innovate to remain at the top. But many successful firms fail to do so. Instead, they succumb to inertia, hesitate, or stick blindly to their old strategies, until it is too late. The ability to adapt to change is a measure of intelligence; so why do firms demonstrate such low Strategic IQ? What causes inertia and why is it so deadly? How can leaders help their firms to act more intelligently? This book identifies the key sources of inertia - strategic, structural and huma - and provides practical advice on how they can be overcome to create smarter corporations.  It is both a wake-up call for successful firms and a lifeline for firms struggling to succeed.  To successful firms - beware!  You may already be dead!   To struggling firms - have hope!  It is possible to pass powerful competitors by raising your strategic, structural and human IQ.  Praise for Strategic IQ "Hard-hitting and stimulating, Wells' thesis carries a robust message that should make business leaders the world over sit up and think." Archie Norman, Chairman of ITV, UK    "Wells makes a compelling case for dramatic change." Ron Sargent, CEO of Staples, USA.
Local Note:
Electronic reproduction. Ann Arbor, Michigan : ProQuest Ebook Central, 2017. Available via World Wide Web. Access may be limited to ProQuest Ebook Central affiliated libraries.
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