Reference no: EM131296963
Let's look closer at BCG (Boston Consulting Group) for an adaptive strategy, called Adaptive Advantage. This is a strategy that allows an organization to realize that the market is not stable or necessarily predictable. Our authors. Swayne, Duncan, and Ginter (2013) describe the BCG analysis as, "graphically portrays differences among the various products/services in terms of relative market share and market growth rate.
Relative market share is the market share held by the largest rival organization compared with the market share held by others in the service category.
Market growth rate can be measured by the changes in the level of gross revenues or by population or service utilization grown (admissions or inpatient days)" (p. 267).
BCG points out most companies, and especially those in industries characterized by both unpredictability and a high rate of change, need a more adaptive and dynamic approach to strategy. The hardest-hit industries are those that have been disproportionately affected by globalization, deregulation, digitalization, connectivity, deconstruction, and the shift from products to services.
The organization's ability to achieve superior outcomes in a turbulent environment is by continuously reshaping the enterprise through a process of managed evolution. (bcg.com)
Now let's look at what BCG has to say about adaptive advantage. BCG (bcg.com) says that there are three element that describe adaptive advantage they are; readiness, responsiveness, and resilience. These elements are necessary for an organization to survive in a changing environment. Their expanded portfolio analysis that they are most well-known for comes in terms of 'Cash Cows, Problem Children, Shining Stars and Faithful Dogs, Black Holes, Cash Pigs and Mangy Dogs.'
What would this organization be measuring in terms of Cash Cows, Problem Children, Shining Stars, Faithful Dogs, Black Holes, Cash Pigs and Mangy Dogs? Choose one and give an example?
Read More:
https://www.bcg.com/about_bcg/institutes/strategy_institute/adaptive_advantage.aspx
https://www.bcgperspectives.com/content/articles/future_strategy_business_unit_strategy_adaptive_advantage/
Swayne, L. E., Duncan, W. J., &Ginter, P. M. (2013). Strategic management of health care organizations (7th ed.). Hoboken, NJ: Wiley.
|
Creates an ethical culture as a business strategy
: If a business performs a socially beneficial act in order to receive good publicity, or if it creates an ethical culture as a business strategy, has the business acted in a less than ethically praiseworthy way
|
|
What proportion of your firms earnings were eventually paid
: Search for the table called "Income Statement" and determine your firm's earnings before taxes, taxes paid, and earnings after taxes last year. What proportion of your firm's earnings were eventually paid as taxes?
|
|
Type of organization structure used by your organization
: 1. Identify the type of organization structure used by your organization. 2. Explain why your company has selected this form of differentiation (dividing tasks into smaller components) and integration (putting tasks back together).
|
|
Describe any conditions mentioned in the annual report
: Describe any conditions mentioned in the annual report that expose the firm to risk ? Explain how the business uses technology to provide information about its form of business ownership.
|
|
What would organization be measuring in terms of cash cows
: What would this organization be measuring in terms of Cash Cows, Problem Children, Shining Stars, Faithful Dogs, Black Holes, Cash Pigs and Mangy Dogs? Choose one and give an example?
|
|
Asking for guidance on a few issues
: The Elora Jean & Co. owner has come to you asking for guidance on a few issues that were brought to her attention. With the rapidly growing workforce, an increasing number of employees have requested extended time off from work. The owner does not..
|
|
What form of business ownership would you recommend
: What form of business ownership would you recommend for this business?- Would Mary Ann's form of ownership be any different from Paul's?
|
|
Compute decision boundary for linear discriminant analysis
: STA 141A Fall 2016 Homework. Compute the decision boundary for linear discriminant analysis, using Sepal.Length as the predictor variable. Compute the confusion matrix for the test data set
|
|
Business model design and innovation
: What is "Business Model Design and Innovation"? 3 paragraphs What role do value propositions perform in successful business models? 3 paragraphs
|