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What is the purpose of 'Management Systems' in the Strategy Choice Cascade?
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To establish processes that support capabilities and ensure the sustainability of competitive advantage.
What is Roger Martin’s philosophy of 'Betterment over Perfection'?
It involves identifying the most critical gaps in strategy and focusing on resolving them step-by-step through practice and experience.
Why should strategy be viewed as an action-oriented practice?
It involves consistent iterative betterment rather than seeking perfection, adapting to changing markets and customer needs.
What is meant by developing 'Modes' as suggested by Roger Martin?
Modes are barriers that protect competitive advantages, helping a company retain and grow its market share.
How did Four Seasons redefine their strategic approach in the hospitality industry?
By focusing on being the best luxury hotel through redefining the customer experience, rather than just offering luxury amenities.
In the Strategy Choice Cascade, what does 'Where to Play' entail?
It involves identifying market segments or competition areas, determining which customers to target, choosing distribution channels, and deciding on the type of product.
What critical capabilities should be identified in the 'Capabilities Needed' question of the Strategy Choice Cascade?
Capabilities that set the organization apart and are difficult for competitors to replicate.
What is the first question in Roger Martin's Strategy Choice Cascade?
What is our winning aspiration?
What strategic choice did Procter & Gamble make according to Roger Martin's examples?
Procter & Gamble ensured that every employee made strategic choices, leading to significant outcomes such as brand managers shaping brand strategy.
What are the two main competitive options under the 'How to Win' question in the Strategy Choice Cascade?
Differentiation (creating unique value) and cost leadership (providing services/products at lower costs).
What is one key insight from the 'Playing to Win' framework?
Organizations must actively engage in strategy to distinguish themselves, rather than merely existing in the market.
What does Roger Martin mean by 'strategy is not the domain of the few'?
Everyone in an organization can develop strategic thinking through experience and addressing organizational gaps.
Why are business school strategies often seen as inadequate according to Roger Martin?
They focus more on theoretical models like the resource-based view, which lack practical application.
What does Roger Martin suggest about waiting to think about strategy until there are no operational concerns?
He suggests it’s a mistake because you’ll never reach your potential if you wait until operational concerns are resolved.
According to Roger Martin, what mentality should organizations avoid?
Avoid the mentality of 'playing to play,' which leads to mediocrity.
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