 The ultimate objective of
any profit-oriented business is to enhance shareholder value. To achieve and sustain high
performance, we need an integrated and practical approach. This important concept is
holistically captured in the Strategic Trilogy Model as illustrated
above.
Blue Ocean Strategy (BOS)
In a fiercely competitive market where every business is striving to survive, it is
critical that companies find their own new market space to sustain profitable growth,
instead of competing head-on with their rivals. In other words, they need to create a Blue
Ocean Strategy (BOS) with emphasis on buyer value differentiation and cost reduction in
line with corporate vision and mission.
Balanced Scorecard (BSC)
Having an
excellent strategy is one thing; to translate it into actions is totally another thing.
This is where most companies fail. Balanced Scorecard is an excellent tool for this
purpose. In addition, it is also a great communication and strategic management tool.
Change Management (CM)
The next
question is: How can we achieve and sustain desired results? Strategy implementation
involves change, change in the way we do things: new processes, new behaviors, new
management system etc. Ultimately, we need to anchor the hard aspects (processes, systems
etc.) and soft aspects (behaviors, habits etc) into the organisational fabric through
effective change management. |