Business Strategy
rustic100
Unit1InternationalBusiness_AStrategistPerspectiveandYourToolBox.pptxUnit 1-Menu
Introduction to Course
Administration
Team assignments. Rubric
What is in the news
A Sun Tzu Moment
A Strategist Perspective
Today’s Strategic Thinking Concept
Journaling… Recall 2 sessions
Administration
Major Project: Strategic Business Plan (15% + 15% + 25% = 55 %)
The major project provides students the opportunity to demonstrate – in an applied and practical fashion - the learning outcomes of the course. During the term of the course, students will craft and analyze a proposed new international business venture of their choice. Students must choose a foreign host country that is different from their home country and culture. Canadian and American students will be asked to plan for a business that will operate in a country other than Canada and the United States as a target for their business plan.
This Major Project consists of 3 deliverables and are detailed on the course site.
"Before you journey, observe the wind carefully, detect its direction, and then follow it. You will get to your destination twice as fast with half the effort”. - Chin-Ning Chu (a Chinese born American business author and management expert).
International Business Strategy is a challenging introductory/ formative course that examines the fundamentals of international business strategy. Students will learn the terminology of international business strategy and the tools, variables and processes that must be considered by international business managers in order to establish or expand operations in international markets. Students will study a number of strategic concepts and notions that may be employed in assessing the potential – and associated risks – for doing business in foreign markets, and will analyze how forces such as culture, economics, politics, and geography influence business and markets.
Students will undertake a case-study oriented approach to supporting their reflective and informed findings by selecting and applying appropriate international-business strategic-analysis tools. Drawing on their own experiences and previous business knowledge, and then employing the notions, concepts and tools presented in this course, students will further develop their business management skills in order to effectively craft and execute contemporary international business strategy.
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What is a Strategist Perspective??
Mental Models
Transform from managers to leaders
Critical Thinking
System Thinking
Art –Science
Data-Info-Knowledge
Sustainable
Internet of Things - Form-substance
Canada knowledge based economy
Other thoughts
As “Leaders” you must ‘possess’ this…
A New Mental Model--Critical Thinking
“The essence of critical thinking and reflective thought is for you to:
Arrive at an analyzed perspective
by evaluating the author’s arguments and
uncovering their key assumptions and hypothesis.” (View the hand)
Reflect
If you misdiagnose the problem, then you are likely to prescribe an ineffective cure
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Five steps when you're asked to critically think about an issue, problem, or reading:
Step 1: What is the issue or question to be examined?
Step 2: What data and information is provided by the author to support answers to the question or issue you are examining?
Step 3: Evaluate the robustness (quality) of the evidence provided by the author .
Step 4: Analyze the data by asking the “so what?” questions.
Step 5: Having reflected and undertaken critically thought about the issues you are now in a position to set out your findings.
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The Fifth Discipline: The Art and Practice of the Learning Organizations
Strategists shape their reality :
through systems thinking;
by continuously seeking personal mastery;
by demonstrate a willingness to adopt new mental models;
by exhibit the ability to build a shared vision within their organization; and
they promote and champion team-based learning organizations.
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Frederick Winslow Taylor
“…. hardly a competent workman can be found who does not devote a considerable amount of time to studying just how slowly he can work and still convince his employer that he is going at a good pace”.
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The Principles of Scientific Management Taylor
“…brutally speaking, our scheme does not ask any initiative in any man. We do not care for his initiative,”
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20th C Management was designed to solve a very specific problem—how to do things with:
perfect replicability,
an ever-increasing scale and
steadily increasing efficiency.
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The Old Industrial Age Models …
20th century– many still teach
1890’s
Why Management?
A New Strategic Perspective Needed
Globalization (impact of technology and globalization creates a fundamental discontinuity)
Wealth now from monetizing ideas (not limited to the ‘factors of production’ Marx)-
(labour, capital, land)
…. So what???
We Have to Reinvent Our 100-year-Old Management Model … If we are to add value to each individual act.
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“How do you get people to serve the organization’s goals?”
Old mental model
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Pikes Fish Market --- FISH! Culture (trailer)
https://www.youtube.com/watch?v=-ZKiJejNRtw
https://www.youtube.com/watch?v=JeDHiAPqJOI best
ID 10 leadership initiatives
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Reflect
“No problem can be solved from the same level of consciousness that created it. We must learn to see the world in new.”
…. Albert Einstein
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A Reflective Thought...
Wouldn’t it be neat if,… rather than, …how do we make money
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A New Mental Model
In any company (FISH) , the real source of profit is thousands of individual actions by individual employees. Add value to each of these acts, and you add profit. The aim of corporate values is to add that value. In every act. All the time
This is your Job -- New Mental Model
How do you build nimble transformational organizations.,
How do you mobilize and monetize the imagination of every employee, every day?
TPS?
How do you create organizations with engagement in the work place-
citizen or employee?
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Sun Tzu stated, …
“Military tactics are likened to water; for water in its natural course runs away from high places and hastens downwards.”
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New Mental Model for Crafting Strategy in a Turbulent Ecosystem
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Crafting Strategy in Turbulent Times Intended Realized Unrealized Emergent Shape Adapt
10 years
5 years
6 months
0
T
I
M
E
0 % ------------- EFFORT ---------100 %
Long Term Vision
Mission
Zoom in and out-every 6 months
© Terrance P. Power (2007).
Values
Principles
Chance
Mantra
Government
Chance
Transformational Growth
A New Mental Model -- As business practitioners you need to transform from managers to leaders
Understanding Unconscious Bias..
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Management vs.. Leadership
We have said… Only Leaders can drive ‘Change’
New Mental Model Regarding “Change”
“If you don't like change, you're going to like irrelevance even less”.
The Science and the Art
20th C
21st C
Management
Implements
Leadership
Inspires
Leadership Begins With Knowing Yourself
Leadership Inspires
- Aptitude
- Attitude
- Skill sets
The Transformation Process
Knowledge
Information
Data
Manager
Administrator
Leader
Wisdom
(Attained through journaling, critical thinking and reflection)
The Science and the Art Knowledge is power-providing you use it
Wisdom
Knowledge
Information
Data
Leadership
Management
Administration
Journaling
Reflection
&
What are you going to do?
Leadership begins with knowing yourself
Lean towards the good… Aristotle
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Management
Implements
Leadership
Inspires
- Aptitude
- Attitude
- Skill sets
The Internet of Things
Today the most significant strategic challenge you will face within your organizations will be the Internet of Things (IoT). Indeed I call it the Internet of Everything (IoE). We are on the cusp of a new industrial revolution! Old business models and strategies designed to address to challenges of the last industrial age increasingly are being challenged. You must adopt a strategist perspective to survive. There will only be two classes of organizations - ‘the quick or the dead’. These classifications will be true for all sectors - profit, not for profit and public. Strategic leadership demands reflective and critical thinking about how organizations can exploit the opportunities and mitigate the damage presented by this emerging new digital age realty.
In this Unit we underscored the critical importance of organizations’ strategic leaders (you) to adopt the role of a futurist – a dreamer reflecting on where the new opportunities will take their organizations. So I challenge you - as we increasingly share ‘the collaborative commons’… what will be the impact of the New Zero Marginal Cost Society on your organization / country? {Rifkin, 2014}
The Internet of Things- Concepts
Collaborative Commons
Zero Based Marginal Economy
What disruptive innovative emerging technologies have or are about to impact specific industries-Discuss
Through the looking Glass… the impact of this new zero marginal cost society on the nation’s social, economic and political fabric.. Dark Side
https://www.youtube.com/watch?v=fhfD3jgMdKE
Rifkin
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If you didn't pay for the product, …you ARE the product.
Data privacy, data security, data sovereignty and data censorship- Discuss.
Six domains of war.. Watch live hack attacks - http://map.norsecorp.com/
View YouTube link (… See - https://www.youtube.com/watch?v=8T20NQqoiAQ ).YOUR PAPERS TO CONTAIN.
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Iceberg.wav
