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Strategic considerations
by Toronto Training and HR
October 2013
CONTENTS
5-6 Enabling strategic success
7-9 Broad strategic styles
10-11 Essentials to execute strategy
12-13 Systemic strategic behaviour
14-15 Five forces model of industry competitiveness
16-17 Diffusion of innovation
18-19 Why should an organization grow?
20-25 Sustainable growth
26-27 Funding and the location of R & D
28-29 Developing or acquiring technology
30-31 Resource integration in a new product launch
32-33 Leadership development strategy
34-35 Mistakes with leadership strategy
36-37 Communicating strategy at the technical core
38-39 Technology strategies in developing countries
40-41 Strategic manufacturing priorities
42-43 Questions to ask around HR strategy
44-45 Anchor points for HR measurement
46-47 Steps to strategy making
48-49 Drill
50-51 Conclusion and questions
Page 2
Page 3
Introduction
Page 4
Introduction to Toronto Training
and HR
Toronto Training and HR is a specialist training and
human resources consultancy headed by Timothy Holden
10 years in banking
10 years in training and human resources
Freelance practitioner since 2006
The core services provided by Toronto Training and HR
are:
Training event design
Training event delivery
Reducing costs, saving time plus improving
employee engagement and morale
Services for job seekers
Page 5
Enabling strategic success
Enabling strategic success
• Finance
• Information
• People
• Technology
Page 6
Page 7
Broad strategic styles
Broad strategic styles 1 of 2
• Classical strategy
• Adaptive strategy
• Shaping strategy
• Visionary strategy
Page 8
Broad strategic styles 2 of 2
Page 9
Adaptive Shaping
Classical Visionary
Page 10
Essentials to execute
strategy
Essentials to execute strategy
• Start with people
• Establish a base level of
competence
• Create coaching and mentoring
programs
• Rebuild and re-engage your
execution support structure
• Focus on the business impact
of development
Page 11
Page 12
Systemic strategic
behaviour
Systemic strategic behaviour
• Seeking concentration
• Seeking competencies
• Seeking focus
• Seeking an end game
Page 13
Page 14
Five forces model of
industry competitiveness
Five forces model of industry
competitiveness
• Buyers
• New entrants
• Competitors
• Substitute goods or services
• Suppliers
Page 15
Page 16
Diffusion of innovation
Diffusion of innovation
• Supply-side issues
• Demand-side issues
• The tipping point
Page 17
Page 18
Why should an
organization grow?
Why should an organization grow?
• Generate superior value
• Obtain a superior strategic
position
• Raise profits
• Attract superior people
• Gain better access to capital
• Attract strong alliance partners
Page 19
Page 20
Sustainable growth
Sustainable growth 1 of 5
KEY RESOURCES NEEDED
• Strategic assets
• Managerial talent
• A talent incubator
• Happy people
• Networks/key strategic
relationships
Page 21
Sustainable growth 2 of 5
STRATEGIES TO INFLUENCE
SUSTAINED GROWTH
• Value through select customers
• Developing large numbers of new
products that offer superior value
to customers
• Distribution innovation
• Monopoly/first-mover advantage
• Growth by means of acquisitions
• Addressing new customer
segments
Page 22
Sustainable growth 3 of 5
GROWTH STRATEGIES
• Customer centric
• Product development
• Distribution
• First mover
• Acquisition
• Adjacent space
• Market intelligence
• Differentiation
• Fitness
Page 23
Sustainable growth 4 of 5
GROWTH DRIVERS
• Acquisitions
• Strategy
• Managerial talent
• Excellent execution
• Key strategic relationships
• Leadership
• Access to capital
• Innovation
• Focus on growth
Page 24
Sustainable growth 5 of 5
GROWTH DRIVERS (CONTINUED)
• Happy people
• Simple, captivating business model
• Knowledge of customers
• Customer enthusiasm
• Discipline
• Geographical expansion
• Effective performance
measurement
• Talent incubator
• GDP growth
Page 25
Page 26
Funding and the location
of R&D
Funding and the location of R & D
Page 27
Page 28
Developing or acquiring
technology
Developing or acquiring technology
Page 29
Page 30
Resource integration in a
new product launch
Resource integration in a new
product launch
Page 8
Page 32
Leadership development
strategy
Leadership development strategy
• Single loop and double loop
• Tickets to enter, tickets to play
and tickets to win
• VUCA
• Questions to ask
Page 33
Page 34
Mistakes with leadership
strategy
Mistakes with leadership strategy
• Failing to gain enough support
from the CEO
• Confusing a leadership strategy
with a succession plan
• Lacking a clear definition of
what leadership means in the
context of your business
strategy and organizational
model
• Ignoring the complementary
power of the team
Page 35
Page 36
Communicating strategy
at the technical core
Communicating strategy at the
technical core
• Communicate strategic goals
by their component pieces
• Constantly monitor and praise
employees’ incremental
contributions
Page 37
Page 38
Technology strategies in
developing countries
Technology strategies in developing
countries
• Context
• Level of investigation
• Focus of interest
• Core theoretical foundation
Page 39
Page 40
Strategic manufacturing
priorities
Strategic manufacturing priorities
• High quality
• Low cost
• High dependability
• High speed
• High flexibility
Page 41
Page 42
Questions to ask around
HR strategy
Questions to ask around HR
strategy
• How do you manage talent?
• How do you engage in
strategic business activities?
• How well do you measure HR
effectiveness?
• What is your HR strategy?
Page 43
Page 44
Anchor points for HR
measurement
Anchor points for HR measurement
• Efficiency
• Effectiveness
• Impact
Page 45
Page 46
Steps to strategy making
Steps to strategy making
• Frame a choice
• Generate possibilities
• Specify conditions
• Identify barriers
• Design tests
• Conduct the tests
• Make your choice
Page 47
Page 48
Drill
Page 49
Drill
Page 50
Conclusion and questions
Page 51
Conclusion and questions
Summary
Videos
Questions

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Strategy October 2013

  • 1. Strategic considerations by Toronto Training and HR October 2013
  • 2. CONTENTS 5-6 Enabling strategic success 7-9 Broad strategic styles 10-11 Essentials to execute strategy 12-13 Systemic strategic behaviour 14-15 Five forces model of industry competitiveness 16-17 Diffusion of innovation 18-19 Why should an organization grow? 20-25 Sustainable growth 26-27 Funding and the location of R & D 28-29 Developing or acquiring technology 30-31 Resource integration in a new product launch 32-33 Leadership development strategy 34-35 Mistakes with leadership strategy 36-37 Communicating strategy at the technical core 38-39 Technology strategies in developing countries 40-41 Strategic manufacturing priorities 42-43 Questions to ask around HR strategy 44-45 Anchor points for HR measurement 46-47 Steps to strategy making 48-49 Drill 50-51 Conclusion and questions Page 2
  • 4. Page 4 Introduction to Toronto Training and HR Toronto Training and HR is a specialist training and human resources consultancy headed by Timothy Holden 10 years in banking 10 years in training and human resources Freelance practitioner since 2006 The core services provided by Toronto Training and HR are: Training event design Training event delivery Reducing costs, saving time plus improving employee engagement and morale Services for job seekers
  • 6. Enabling strategic success • Finance • Information • People • Technology Page 6
  • 8. Broad strategic styles 1 of 2 • Classical strategy • Adaptive strategy • Shaping strategy • Visionary strategy Page 8
  • 9. Broad strategic styles 2 of 2 Page 9 Adaptive Shaping Classical Visionary
  • 10. Page 10 Essentials to execute strategy
  • 11. Essentials to execute strategy • Start with people • Establish a base level of competence • Create coaching and mentoring programs • Rebuild and re-engage your execution support structure • Focus on the business impact of development Page 11
  • 13. Systemic strategic behaviour • Seeking concentration • Seeking competencies • Seeking focus • Seeking an end game Page 13
  • 14. Page 14 Five forces model of industry competitiveness
  • 15. Five forces model of industry competitiveness • Buyers • New entrants • Competitors • Substitute goods or services • Suppliers Page 15
  • 16. Page 16 Diffusion of innovation
  • 17. Diffusion of innovation • Supply-side issues • Demand-side issues • The tipping point Page 17
  • 18. Page 18 Why should an organization grow?
  • 19. Why should an organization grow? • Generate superior value • Obtain a superior strategic position • Raise profits • Attract superior people • Gain better access to capital • Attract strong alliance partners Page 19
  • 21. Sustainable growth 1 of 5 KEY RESOURCES NEEDED • Strategic assets • Managerial talent • A talent incubator • Happy people • Networks/key strategic relationships Page 21
  • 22. Sustainable growth 2 of 5 STRATEGIES TO INFLUENCE SUSTAINED GROWTH • Value through select customers • Developing large numbers of new products that offer superior value to customers • Distribution innovation • Monopoly/first-mover advantage • Growth by means of acquisitions • Addressing new customer segments Page 22
  • 23. Sustainable growth 3 of 5 GROWTH STRATEGIES • Customer centric • Product development • Distribution • First mover • Acquisition • Adjacent space • Market intelligence • Differentiation • Fitness Page 23
  • 24. Sustainable growth 4 of 5 GROWTH DRIVERS • Acquisitions • Strategy • Managerial talent • Excellent execution • Key strategic relationships • Leadership • Access to capital • Innovation • Focus on growth Page 24
  • 25. Sustainable growth 5 of 5 GROWTH DRIVERS (CONTINUED) • Happy people • Simple, captivating business model • Knowledge of customers • Customer enthusiasm • Discipline • Geographical expansion • Effective performance measurement • Talent incubator • GDP growth Page 25
  • 26. Page 26 Funding and the location of R&D
  • 27. Funding and the location of R & D Page 27
  • 28. Page 28 Developing or acquiring technology
  • 29. Developing or acquiring technology Page 29
  • 30. Page 30 Resource integration in a new product launch
  • 31. Resource integration in a new product launch Page 8
  • 33. Leadership development strategy • Single loop and double loop • Tickets to enter, tickets to play and tickets to win • VUCA • Questions to ask Page 33
  • 34. Page 34 Mistakes with leadership strategy
  • 35. Mistakes with leadership strategy • Failing to gain enough support from the CEO • Confusing a leadership strategy with a succession plan • Lacking a clear definition of what leadership means in the context of your business strategy and organizational model • Ignoring the complementary power of the team Page 35
  • 36. Page 36 Communicating strategy at the technical core
  • 37. Communicating strategy at the technical core • Communicate strategic goals by their component pieces • Constantly monitor and praise employees’ incremental contributions Page 37
  • 38. Page 38 Technology strategies in developing countries
  • 39. Technology strategies in developing countries • Context • Level of investigation • Focus of interest • Core theoretical foundation Page 39
  • 41. Strategic manufacturing priorities • High quality • Low cost • High dependability • High speed • High flexibility Page 41
  • 42. Page 42 Questions to ask around HR strategy
  • 43. Questions to ask around HR strategy • How do you manage talent? • How do you engage in strategic business activities? • How well do you measure HR effectiveness? • What is your HR strategy? Page 43
  • 44. Page 44 Anchor points for HR measurement
  • 45. Anchor points for HR measurement • Efficiency • Effectiveness • Impact Page 45
  • 46. Page 46 Steps to strategy making
  • 47. Steps to strategy making • Frame a choice • Generate possibilities • Specify conditions • Identify barriers • Design tests • Conduct the tests • Make your choice Page 47
  • 51. Page 51 Conclusion and questions Summary Videos Questions