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- Herausgeber: Business Book Summaries
- Kategorie: Fachliteratur
- Sprache: Englisch
The must-read summary of Larry Downes' book: "The Strategy Machine: Building Your Business One Idea at a Time".
This complete summary of the ideas from Larry Downes' book "The Strategy Machine" shows that disposable computers are set to transform every industry. To be ready for this, the ultimate extension of the Information Revolution, you need to develop a “Strategy Machine” which incorporates a portfolio of strategies that you can use to harness these imminent and dramatic changes in the marketplace. In his book, the author explains that a viable and effective strategy machine will have a portfolio with three types of investments: projects, venture and options. This summary describes each of these investment types in detail and shows how you can use them to move forward in the Information Revolution.
Added-value of this summary:
• Save time
• Understand key concepts
• Expand your business knowledge
To learn more, read "The Strategy Machine" and discover this essential guidebook that provides essential tools for re-thinking your company's strategy portfolio.
Das E-Book können Sie in Legimi-Apps oder einer beliebigen App lesen, die das folgende Format unterstützen:
Seitenzahl: 34
Veröffentlichungsjahr: 2014
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Book Presentation: The Strategy Machine by Larry Downes
Book Abstract
About the Author
Important Note About This Ebook
Summary of The Strategy Machine (Larry Downes)
1. Why You Need a Strategy Machine
2. How To Put Together a Strategy Machine
3. How To Keep A Strategy Machine Running
Book Presentation: The Strategy Machine by Larry Downes
Book Abstract
Main Idea
Disposable computers – that are cheap enough and small enough to be embedded in everything that is made – will transform every industry. To be ready for this, the ultimate extension of the Information Revolution, you need to develop a “Strategy Machine” which will incorporates a portfolio of strategies you can use to harness these imminent and dramatic changes in the marketplace.
Running a strategy machine hedges your bets on the future of your business. It will develop a wide and robust number of approaches you may employ to exploit the upcoming emergence of an information supply chain which will run parallel with the physical supply chain. The strategy machine will suggest what information products and services you can harness to add value to your business. It will also help you offset internal inertia and resistance to change. Thus, a strategy machine will help managers reinvent their businesses to integrate and harness greater amounts of information.
A viable and effective strategy machine will have a portfolio with three types of investments:
Projects – which are designed to help the company serve existing customers better.Ventures – new ideas which can be used to expand your markets and increase your firm’s access to new markets.Options – small bets on emerging technologies which may one day become important to your business.As shown above, each type of investment will be in synch with a different stage of the evolution of the marketplace. This is the cycle all markets will follow as the Information Revolution continues to move forward. Projects focus on creating more efficient markets, which usually lower costs for consumers. Ventures target the structural inefficiencies of industries and often result in the elimination of intermediaries who add no value. Options are effectively hedges on the future which may result when radical new industry structures emerge during the third stage of this transition.
Therefore, developing and maintaining a strategy machine is an effective way to do business when markets are evolving rapidly. It allows your company to go in a number of different directions simultaneously, even if only with a small step at first. By varying the respective numbers of each type of investment, you can alter your aggressiveness towards expanding your future operations.
In short, developing and then maintaining a strategy machine is a better way to run a business. It will work now and in the future when developments like disposable computing reach critical mass. It is an approach that is currently being used by many successful companies, and as such, deserves careful and deliberate analysis. To position your company for success today and in the future, you need to build and run a good strategy machine.
About the Author
LARRY DOWNES is a business consultant, educator and speaker. He currently serves on the advisory boards of several start-ups and has previously lectured at the University of Chicago Graduate School of Business and Northwestern University’s School of Law. Mr. Downes is a co-author of Unleashing the Killer App. He is a graduate of the University of Chicago and Northwestern University.
The Web site for this book is at www.thestrategymachine.com
Important Note About This Ebook
This is a summary and not a critique or a review of the book. It does not offer judgment or opinion on the content of the book. This summary may not be organized chapter-wise but is an overview of the main ideas, viewpoints and arguments from the book as a whole. This means that the organization of this summary is not a representation of the book.
Summary of The Strategy Machine (Larry Downes)
1. Why You Need a Strategy Machine
