Post on 30-Apr-2020
ulrich.grothe@grothe-strategie.de
Strategy for the Digital Age
Ulrich Grothe, Grothe Strategie GmbH
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A warm-up exercise.
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Let us start with the traditional approach.
Creative tension
Vision and Mission
Status quo
Strategy
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The traditional approach of strategy = competitive strategy.
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The next step forward: Judo-Strategy.
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Newcomers turn the assets of incumbents into liabilities.
Ryanair vs. Lufthansa & Co.
Apple vs. Nokia & Co.
Starbucks vs. Tchibo & Co.
Tesla vs. Audi & Co.
Nintendo vs. Sony und Microsoft
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Die Digitalisierung schafft weitere Möglichkeiten.
Ryanair vs. Lufthansa & Co.
Apple vs. Nokia & Co.
Starbucks vs. Tchibo & Co.
Tesla vs. Audi & Co.
Nintendo vs. Sony und Microsoft
StepStone vs. Financial Times & Co.
Amazon vs. Barnes & Noble & Co.
agoda vs. Lufthansa & Co.
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Each new generation is newly defining the rules of the game
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Presumably awkward things suddenly seem perfectly sensible.
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The traditional distribution of roles is not accepted any longer.
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Which is subsequently leading to new business models.
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Sharing information is an easy start.
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Refining services offered by industry is the next step.
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By now it is established practice to gratify users for their contribution.
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The “sharing economy” is the talk of the day.
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Market shortfalls are swept away.
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And finally my favorite example.
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And it is not the end of the journey. If we connect new business models with the opportunities technology is providing... .
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It is about time for a shift of paradigms ... .
• Brand building is requiring new communication channels.
• Ne mechanisms for price building are in demand.
• Knowledge sharing is substituting information management.
• Strategy definition becomes an expedition.
• Top Management needs to give orientation and to empower.
• CRM is becoming obsolete.
• Common value creation is substituting market analysis.
• Production processes are turned upside down.
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New competitive advantages for western cultures are feasible.
ulrich.grothe@grothe-strategie.de
Ulrich Grothe. Lecturer, consultant und entrepreneur.