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K Walter Keirstead
Category Archives: Strategic Planning
Why we collect data . . what we need to do with it
Data is everywhere. We collect data “for the record”, we collect data for use by predictive analytics algorithms and we collect data for use by humans and machines when making decisions. Data, by itself, is highly important but not highly … Continue reading
Success Evolving Corporate Strategies (methods, tools, platforms)
With reference to my recent article called “Avoiding Transformation Program Fails”, here are some guidelines for an orderly process for making “good” use of corporate infrastructure/resources (i.e. putting a focus on building Competitive Advantage). The model our group has used … Continue reading
Posted in Strategic Planning
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Protect and Serve – The search for efficiency and effectiveness
Police Departments have the same overall focus as private sector corporations. 1) evolving strategies that are supportive of a mission, then defining and putting in place initiatives that make good use of available scarce resources. 2) achieving operational efficiency and … Continue reading
Strategy Development – Same old, or entirely new?
Recently, I was asked whether Edith Penrose’s “RBV” (Resource Based View) is today obsolete. Fair question, given that RBV goes back to 1959. This led to a question as to whether Porter’s Competitive Advantage method has or has not evolved … Continue reading
How Low Can You Go? – Part IV – Essentials for building, sustaining & improving corporate competitive advantage.
This article attempts to bridge the gap between operational methods such as ACM/BPM/CPM/RALB and FOMM and methods used to evolve business strategy.The mission of all strategic and operational initiatives is to build, sustain and augment competitive advantage. See “Theories of … Continue reading
How Low Can You Go? – Part I
I’ve been following /participating in various recent BPM.com discussions relating to no-code/low-code. Lots of posturing by vendors and product champions re run-time platforms they are promoting or using as well as posturing re process mapping environments they are promoting / using. … Continue reading
Steering the ship – the new business management reality
Increased global competition has more corporations chasing after the same opportunities. The impact on strategic planning has been a reduction from 5-year planning cycles, with annual reviews, to 18 month cycles, with quarterly reviews. The playing field has changed in … Continue reading
Big Data and Competitive Advantage
The link between big data and corporate competitive advantage Success in business is all about building, sustaining and augmenting competitive advantage. Given comparable infrastructure (Capital, Access to Capital, Land, Equipment, Tools, Premises, Staff, Intellectual Property/Knowhow, Current Products/Services, Products / Services … Continue reading
Success Factors with BPM
If you are thinking about the potential benefits of Business Process Management or want to fast track your current BPM initiative, here are a few “must haves” for success. 0. “First the problem then the solution”, meaning no point mapping/implementing … Continue reading