Strategy

Featured Strategy Articles

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What Would a Hard Brexit Mean for Global Business?

Strategy experts weigh in on possible impacts of a complete U.K. separation from the European Union.

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Growth Is Not a Zero-Sum Game

MIT SMR takes a look at whether disruptive market forces necessarily doom some players to failure.

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When Patients Become Innovators

Health care consumers are contributing their skills, money, and time to develop effective solutions.

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Strategic Decision Making

A Structured Approach to Strategic Decisions

March 4, 2019 | Daniel Kahneman, Dan Lovallo, and Olivier Sibony

Many decisions about strategy require that senior executives make evaluative judgments on the basis of extensive, complex information. Such work is prone to common errors, but a disciplined, sequential approach can mitigate those errors and improve the quality of both one-off and recurrent decisions in an array of business domains. The process described in this article is easy to learn, involves little additional work, and (within limits) leaves room for intuition.

An Ecosystems Approach to Business Strategy

The Myths and Realities of Business Ecosystems

Frontiers |

The rise of ecosystems requires a new way of thinking about business: the ecosystems perspective. If we can describe this unique perspective, and clear up the myths and confusions surrounding the use of the term, we position ourselves to design strategy effectively in ecosystems.

Building the Right Ecosystem for Innovation

As digital disruption expands, many legacy businesses seek partnerships with tech companies to maintain competitiveness in the digital sphere. But instead of a centralized “hub” partnership, some companies find greater success through an adaptive ecosystem model, where partners develop significant projects or innovations together. This type of strategy requires imagination and flexibility.

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Nurturing Innovation

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Questions of strategy are universal, and managers tackle a range of topics that are central to how their organizations can compete in today’s fast-moving business landscape. The MIT SMR Strategy Forum offers a monthly glimpse into the minds of academic experts on pressing strategy issues related to business, management, technology, and public policy. View the Strategy Forum archive for more responses.

Follow the conversation on Twitter with #ExpertsOnStrategy and submit your own questions to the panel.

Digital Strategy

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The Only Way Manufacturers Can Survive

For industrial manufacturers, digital transformation is the only way to stay alive.

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Beyond a ‘Winner-Takes-All’ Strategy for Platforms

Three questions can help inform how network interactions drive value for platform companies.

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Five AI Solutions Transforming B2B Marketing

AI offers a helping digital hand to overburdened B2B marketing departments.

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How to Read and Respond to Weak Digital Signals

Frontiers |

In a fast-changing business landscape, it pays to spot digital trends early and prepare to adapt.

Does Your Board Have the Right People?

It Pays to Have a Digitally Savvy Board

Companies whose boards of directors have digital savvy outperform companies whose boards lack it: Among companies with over $1 billion of revenues, 24% had digitally savvy boards, and those businesses significantly outperformed others on key metrics such as revenue growth, ROA, and market cap growth. Companies can improve their boards by knowing what characteristics to look for in existing and new board members, managing board agendas differently, and cultivating new learning opportunities.

Game-Changing Strategies for Corporate Boards

The process of recruiting members to a board is often mistaken for the actual onboarding. Much is at stake in terms of legal and fiduciary responsibilities, but relatively little attention is paid to creating the conditions within the board to extract the distinctive knowledge of its new members. Three strategies can help boards do a better job leveraging the unique expertise of each board member.

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The Strategic Agility Project

The Strategic Agility series from MIT Sloan Management Review draws on evidence and data analytics to answer a fundamental question: How can organizations achieve their strategic objectives? The series features the research of MIT Sloan School of Management’s Donald Sull and his team of researchers and data scientists. It draws on, among other sources, over 4 million Glassdoor employee reviews that provide insight on organizational culture and management practices of a large sample of important organizations.

Follow the conversation on Twitter with #StrategicAgility or sign up for email updates on this series.