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© ©
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Strategic Management
Leveraging Individual Strategic Thinkingto Produce
Superior Organizational Performance
by Alan W. Kennedy
February 2015
© 2015 Alan W. Kennedy on behalf of Schulich Executive Education Centre (SEEC). All rights reserved.No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means,
electronic, mechanical, recording, photocopying or otherwise, without written permission of the copyright holder.
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Module 1Course Introduction
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About the Presenter
Alan has been teaching Strategic Management for the Schulich Executive Education Centre since 1992. Alan is a member of the faculty for Management I, a one week course for new managers, and the Insurance Industry Leadership Program. Alan is a frequent speaker on matters of strategy, risk, and project management of major capital projects. Alan’s book, The Alpha Strategies – Understanding Strategy, Risk, and Values in Any Organization, listed as a Kirkus Best Books of 2013, is available at online retailers everywhere and at www.thealphastrategies.com
Alan is a Honor Roll CMC member of the Canadian Association of Management Consultants. Alan received his degrees from Dalhousie University and served as Senior Vice President & General Counsel for both Oxford Development Group and Campeau Corporation and as a member of the Board of Directors for both companies.
Alan Kennedy B.A. LLB. CMC
Alan is a founding partner of Gibson Kennedy & Company, a Toronto consulting firm offering Canadian clients strategy counsel and competitive research services since 1990. Gibson Kennedy is the authorized correspondent in Canada for Kaiser Associates Inc., a Washington-based consultancy offering global competitive research services to North American based clients. Alan’s practice focuses exclusively on matters of strategy and capital projects planning and communication. Alan has extensive governance experience developed from attendance at more than 500 board meetings.
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Table of Contents
Day One: Situation Analysis
Module 1: Course Introduction 1 – 1 – 27
Module 2: Getting Ready to Plan 1 – 28 – 39
Module 3: Internal Assessment 1 – 40 – 50
Module 4: External Assessment 1 – 51 – 60
Day Two: Strategic Planning
Module 1: Course Introduction 2 – 1 – 27
Module 2: Getting Ready to Plan 2 – 28 – 39
Module 3: Internal Assessment 2 – 40 – 53
Module 4: External Assessment 2 – 54 – 71
Day Three: Business Planning
Module 1: Strategic Plan Review 3 – 3 – 19
Module 2: Expectations of the Strategic Plan 3 – 20 – 35
Module 3: Impact of the Strategic Plan 3 – 36 – 46
Module 4: Business Plan Strategy Development 3 – 47 – 55
Schedules
English Bay Situation Analysis Schedule “A”
Tarion Strategic Plan Schedule “B”
Goldstone Branch Business Plan Schedule “C”
Bibliography Schedule “D”
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Your Expectations
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Course Objectives
1. How to prepare and to evaluate a situation analysis
2. How to prepare and to evaluate a strategic plan
3. How to prepare and to evaluate a business plan
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Module 1 Course Introduction Topics
1. An overview of the course and content for each dayDeliverablesThe 12 modules
2. The strategy modelThe 8 strategies 3 types of strategy Origins of the strategy system model
3. Overview of strategy development processThe 4 types of expectations driving strategy developmentThe 3 steps in strategy development
4. Definition of major terms to be used in the course
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Course Deliverables
Day 1
Day 2
Day 3
Produce a Situation Analysis
Produce a Strategic Plan
Produce a Business Plan
1. Course Overview
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Definitions
The knowledge base to support strategy decisionsSituationAnalysis
A review of the 8 strategies common to all organizations
StrategicPlan
An alignment of functional activities with expectations created by the strategic plan
BusinessPlan
1. Course Overview
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Strategy Planning in 12 Steps
2. Scoping Expectations: Have we assessed the expectations for strategic planning?
3. Internal Assessment: Do we truly understand the what’s, how’s and why’s of our current strategy?
4. External Assessment: What factors in the external environment must we truly understand?
1. Choice of Planning Process: Should we be doing strategic planning or business planning?
SituationAnalysis
StrategicPlanning
BusinessPlanning
5. The Situation Analysis Review: Do we have enough understanding to support informed decisions?
7. Strategic Issue Identification: Are we able to develop scenarios to identify possible strategic issues?
6. Issue Development: Are we able to connect external factors to the strategy framework?
8. Strategic Plan Communication: Have we described the likely “what” and “when” impact of change?
9. Strategic Plan Review: Do we understand the strategic plan and how it is likely to impact us?
10. Expectations Impact: Can we identify the impact of strategic plan expectations on functional activities?
11. Expectations Testing: Are the strategic plan expectations consistent with competitive reality ?
12. Strategy Implementation: How are new expectations (if any) to be integrated with ongoing responsibilities?
1. Course Overview
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The 4 Steps of Situation Analysis
Identify What Management Knows
Separate Need to Knowfrom Nice to Know
Study Factors for Actionable Information
Convert 8 Strategiesto Org Design
Evaluate ActivityStrengths/Weaknesses
Use Evaluation toIdentify External Factors
Confirm Responsibilityfor all 8 Strategies
Identify Type ofPlanning Required
Identify CEO / BoardExpectations
Conduct InternalAssessment
Conduct ExternalAssessment
IdentifyAuthority Group
AssessAppetite for Change
Prepare Scopefor Planning Project
If less than 8,Go to Business Planning
Step 1 Step 2 Step 3 Step 4
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Step Objective
Confirm Authorityfor all 8 Strategies
Identify Type ofPlanning Required
Identify CEO / BoardExpectations
Conduct InternalAssessment
Conduct ExternalAssessment
IdentifyAuthority Group
AssessAppetite for Change
Prepare Scopefor Planning Project
1. Choice of Planning Process: Should we be doing strategic planning or business planning?
1. Course Overview
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8 Strategies are Common to all Organizations
2. The Strategy Model
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The starting point for all strategy
The 8 Strategy Model
Strategy General Description
Business Definition /
MandateFocus on positioning the business / interpreting mandate parameters
Risk Focus on the unacceptable and ways to manage it
Growth Focus on type and rate of growth
Financial Management Focus on sourcing, allocation, and management of capital & revenues
R&D / Technology Focus on the creation and/or use of intellectual capital / technology
Organization Mgmt Focus on sourcing, allocation, and management of human resources
Marketing & Sales / Communications
Focus on identifying and capturing customers / clients
Service Delivery / Production / Manufacturing
Focus on fulfilling the marketing / communication promise of value / relevance
2: The StrategyModel
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The Generic Sub-Strategies
Business Definition /
Mandate
Business Positioning: Niche, Specialty, Commodity
Mandate: Narrow Interpretation; Middle-of-the-Road; Broad Interpretation
RiskFocus: Internal; External; Both
Management: Accept, Avoid, Transfer, Reduce
GrowthType: Internal, External (acquisitions, partnerships, alliances, joint ventures)
Rate: Bigger, Smaller, No Change
Financial Management
Sourcing: Debt, equity, self-funding
Allocation: Stars, Cash Cows, Question Marks, Dogs
Management: Performance; Control, Both
R&D / TechnologyPurpose: To enable productivity; to create competitive advantage
Type: Follower, Leader, Adapter
Organization Mgmt
Sourcing: Internal; External
Allocation: (Org Design) Centralized, Decentralized, Functional, Lines of Business, Geographical
Management: Rigid Expectations, Flexible, Laissez-faire
Marketing / Sales
Communications
Identifying: (Marketing 4Ps): Product / Service; Price; Place; Promotion
Capturing: (Sales): Targeting; Approaching; Pitching; Converting; Closing; Follow-Up
Service Delivery / Production / Manufacturing
Needs / Requirements;
Inputs
Production
Delivery
Follow-up
2. The Strategy Model
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Source of The 8 Strategies2. The Strategy
Model
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3 Types of Strategy are Common to all Organizations
2. The Strategy Model
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Source of the 3 Types of Strategy2. The Strategy
Model
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Acquisitions
Internal Growth
Avoid
Transfer
Specialty
Equity
Debt
Control
Services
Place
Use
Production
Centralized
Lines of Business
2. The Strategy Model
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The Dynamic Strategy System2. The Strategy
Model
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4 Types of Expectations Driving Strategy Development
2. The Strategy Model
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Strategy Development in 3 Steps
Name
Focus
on
Process
Focus
on
Results
Comments
1
2
3
4
5
6
Scoring 1 = Not Very Important 4 = Neutral 7 = Very Important
1. Getting the Facts / Becoming Informed
3. StrategyDevelopment
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2. Conducting Analysis
Results (Metrics) Very Important
Results (Metrics) Not Important
Process (Strategy) Very Important
Process (Strategy) Not Important
1 2 3 5 6 7
7
6
5
3
2
1
3. StrategyDevelopment
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Step 3: Strategy Selection
Results (Metrics) Very Important
Results (Metrics) Not Important
Process (Strategy) Very Important
Process (Strategy) Not Important
3. StrategyDevelopment
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Strategy Development Characteristics
1. Strategy development is driven by imposed expectations
2. Strategy development is fueled by timely & relevant facts
3. The time required to become informed is usually underestimated
4. The strategy development process should provide insight - possible choices of action- on current chosen strategy- on what is required to move from current strategy
5. “Selling” a recommended strategy for approval is a different process
3. StrategyDevelopment
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Definitions of Major Terms
Strategy
A description of chosen action
Strategic Planning
A review of the 8 strategies common to all for-profit and nonprofit organizations
Business Planning
Any subsequent strategy planning to implement the expectations of the organization’s Strategic Plan
Strategic Issue
A Strategic Issue is a question whether to replace or to improve existing strategy
Strategic Management
Strategic management is the leveraging of strategic thinking of individuals
Strategic Thinking
Strategic thinking is thinking about how imposed expectations and the realities of the external environment should impact the management of assigned responsibilities
Expectations: Guidance on the hoped-for outcome
Metrics: Anything expressed as a number
Vision: A description of the successful outcome from long term pursuit of dominant strategy
4. Definitions
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Module 1 Course Introduction Topics
1. An overview of the course and content for each dayDeliverablesThe 12 modules
2. The strategy modelThe 8 strategies 3 types of strategy Origins of the strategy system model
3. Overview of strategy development processThe 4 types of expectations driving strategy developmentThe 3 steps in strategy development
4. Definition of major terms to be used in the course
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Module 2 Getting Ready for Planning
It isn’t the unkown that gives us trouble. It what we know that ain’t so.
Will Rogers
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Module 2: Getting Ready for Planning
1. Overview of output and process for situation analysis
2. SWOT Analysis and how to make it more powerful
3. Stakeholder Analysis- Identification of Stakeholders- Appetite / Expectations / Strategy Understanding Analysis
4. Planning as a project
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Day One Output: Situation Analysis Report
-The Planning ScopeThe Scope ofAcceptable
Change
InternalAssessment
ExternalAssessment
- Stakeholder Analysis & Appetite for Change
- Current Strategy Analysis and Configuration
- Customers & Markets- Industry Analysis- Competitors- Trends- Best Practices
- A listing of factors most likely to impact the Firm- Preliminary insights on questions of strategyConclusions
2. Overview
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Step 2 Objectives
Confirm Responsibilityfor all 8 Strategies
Identify Type ofPlanning Required
Identify CEO / BoardExpectations
Conduct InternalAssessment
Conduct ExternalAssessment
IdentifyAuthority Group
AssessAppetite for Change
Prepare Scopefor Planning Project
2. Scoping Expectations: Have we assessed the expectations for strategic planning?
2. Overview
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Traditional SWOT
The TOWS Matrix, A Tool for Situational Analysis Heinz Weihrich, 1982 .http://www.usfca.edu/fac_staff/weihrichh/docs/tows.pdf
2. SWOT
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8 Strategy SWOT Analysis on English Bay
Under Norcross Control – Strategy Strengths & Weaknesses
Not Under Norcross Control – External Factors (Opportunities / Threats)
2. SWOT
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The Alpha Strategies
Strengths Weaknesses Opportunities Threats
Business Def / Mandate
Risk
Growth
Financial Management
R&D /Technology
Organization Mgmt
Marketing/Sales /Comm
Service Delivery / Production / Manufacturing
A Framework for SWOT 2. SWOT
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Stakeholder IdentificationWho are the major stakeholders?
Stakeholder Categories Actual Stakeholders
The Authority GroupThose Stakeholders who approve the plan and authorize implementation
The Involve GroupStakeholders who should be involved because of the role they will play in implementation
The Inform GroupStakeholders who need to be told what to do so that their actions are consistent with implementation
The Consider GroupAny Stakeholders not falling in any of the above categories and who could have a response to implementation
2. Stakeholders
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Stakeholder ExpectationsNow we know “Who” they are,
what do they want?
Stakeholder Categories
Actual Stakeholders
Expectations
The Authority Group
The Involve Group
The Inform Group
The Consider Group
2. Stakeholders
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Scoping Appetite / Expectations / Understanding
Business Definition Risk Growth
Organization
Management
Financial Management
Marketing / SalesStore Operations
R&D/ Technology
Manufacturing (Outsourced)
X X X
X
XXX
X ● ●
● ● ●
● ● ●
Circle the symbol that is Norcross’ likely answerX means change is acceptable ● means change is not acceptable
Question: What does it mean if not all 8 strategies can be candidates for change?
2. Stakeholders
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Strategic Planning as a Project
Project Element Description
Objective
Scope
Methodology
Schedule
Major Mile Stones
Deliverables
2. Stakeholders
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Module 2: Getting Ready to Plan
1. Overview of output and process for situation analysis
2. SWOT Analysis and how to make it more powerful
3. Stakeholder Analysis- Identification of Stakeholders- Appetite / Expectations / Strategy Understanding Analysis
4. Planning as a project
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Module 3 Internal Assessment
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Module 3: Internal Assessment
1. Overview of process
2. Configuring the strategy system
2. Moving from strategy to organization design
4. Current Strategy Performance Assessment- Strengths & Weakness Identification- External Factors Impacting Strategy
5. Initial English Bay Strategy Conclusions
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Step 3 Objectives
Convert 8 Strategiesto Org Design
Evaluate ActivityStrengths/Weaknesses
Use Evaluation toIdentify External Factors
Confirm Responsibilityfor all 8 Strategies
Identify Type ofPlanning Required
Identify CEO / BoardExpectations
Conduct InternalAssessment
Conduct ExternalAssessment
IdentifyAuthority Group
AssessAppetite for Change
Prepare Scopefor Planning Project
3. Internal Assessment: Do we truly understand the how’s and why’s of our current strategy?
3. Overview
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Configuring the Strategy System
Source: Seeingstrategy.com
3. Strategy System
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From 8 Strategy Model to Organization Design
3. Org Design
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From 8 Strategies to Organization Design
EB Organization DesignEB Organization
Service Delivery / Productivity
Marketing
Growth
Risk
8 Strategy Framework
Financial Management
Technology
Organization Management
Norcross- Oversight
Lyons
- Financial Mgmt
- I.T.
Mayweather
- Buying
- Operations
- Marketing
- Store Operations
Taglietalla
- H.R.
Business Definition
3. Org Design
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From 8 Strategies to Org Design
EB Organization English Bay Organization Design Specific Activities
Norcross- business definition- risk- growth
- Oversight
- Borrowing- Sale of EB / Joint Ventures- New Store Openings- Expenditures approval
Lyons- financial management- technology
- Financial Mgmt
- Payroll- Receivables- Internal Accting
- I.T. - Systems Admin
Taglietalla
- organizational management- H.R.
- Compensation
- Policy Admin
Mayweather- marketing- service delivery / production
- Buying- Competitor surveys- Hindsight analysis
- Operations
- Receiving- Sorting- Reshipping
- Marketing
-Product: Private Label-Pricing: Value-Promotion: In-store promos and direct mail
- Store Operations
- Hiring-Training- Sales
3. Org Design
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What are the EB functional strategies?
EB Org Design Specific Activities Functional Strategy
-Oversight
- Borrowing- Sale / J.V.- New store openings- Expenditure approval
- Financial Mgmt- Payroll- Receivables- Internal Accounting
- I.T. - Systems Admin
- H.R.- Compensation
- Policy Admin
- Buying- Competitor surveys- Prior Year Sales analysis
- Operations- Receiving- Sorting- Reshipping
- Marketing
- Product: Private Label- Pricing: Value- Promotion: In-store promos
/ direct mail campaigns
- Store Operations- Hiring-Training- Customer Sales
1. Within each function, which specific activity has become the functional strategy over time?2. What makes functional strategy so hard to identify?
3. Strategy Performance
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Internal Assessment
Strengths WeaknessesLikely External Factors
Impacting Performance
Oversight - new store openings capability - micro-management style - markets, customers, competitors
Financial - real estate equity
- budgeting process - discounts
- dividends - financing terms
- financial ratios
- performance measures
- landlords -bankers – real estate markets - tax law - corporate law- market for selling business
I.T. - no use of technology -Technology
H.R. - Good people
- no policies - communications
- customer/product training
- turnover – org mgmt
- industry turnover rates-competitive compensation-competitor employment practices
Buying - private label- 3 month cycle
- quality issues
-Industry Change / Evolution-fashion trends - customers- supplier performance
Operations - warehouse real estate value
- shrinkage
- inventory control
- winter delivery
- real estate market
- Industry practices (e.g. EDI)
Marketing
- brand / image
- private label success
- customer lists
- community focus
- research - advertising
- customer data - competitor data
- product selections
- customers
- competitors- market trends- local markets
Store Operations
- below market rent
- 22 stores upgraded
- varying performance- low leases turning over- store hours set by HO- HO communications
- lack of store mgr autonomy- parking
- customers- competitors- local store markets
Step 33. Strategy
Performance
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Eight Strategies Strategy
Business
DefinitionHigh-end casual and related accessories in B.C. and Alberta
Risk Owner-centric. Norcross involvement in all significant decisions
Growth Internal growth through store openings
Financial Mgmt debt
Technology / R&D To support and enable productivity
Organization Mgmt Head Office / Owner control
Marketing / Store Operations
If you build a store, they will come…
Manufacturing Outsourced
Initial English Bay Strategy Summary
3. Strategy Conclusions
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Module 3: Internal Assessment
1. Overview of process
2. Configuring the strategy system
2. Moving from strategy to organization design
4. Current Strategy Performance Assessment- Strengths & Weakness Identification- External Factors Impacting Strategy
5. Initial English Bay Strategy Conclusions
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Module 4 External Assessment
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Module 4: External Factors Assessment
1. Overview of process
2. The Major Categories of External Factors
2. Issues in Customer Identification
4. Overview of Market, Industry, & Competitor and Trends and Best Practices
5. Initial English Bay Strategy Conclusions & Situation Analysis Report
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Step 4 Objectives
4. External Assessment: What factors in the external environment must we truly understand?
Identify What Management Knows
Separate Need to Knowfrom Nice to Know
Study Factors for Actionable Information
Convert 8 Strategiesto Org Design
Evaluate ActivityStrengths/Weaknesses
Use Evaluation toIdentify External Factors
Confirm Responsibilityfor all 8 Strategies
Identify Type ofPlanning Required
Identify CEO / BoardExpectations
Conduct InternalAssessment
Conduct ExternalAssessment
IdentifyAuthority Group
AssessAppetite for Change
Prepare Scopefor Planning Project
If less than 8,Go to Business Planning
4. Overview
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The Major Categories of External Factors
Customers & Markets Industry Dynamics
Competitors Trends
Best Practices
Stakeholder Expectations
4. Major Factors
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Customer Analysis
1. Who are our most important customers?
2. What criteria drive the customer’s purchase decision?
3. How do we compare, in the customer’s view, to the competition?
4. Which of our products and services are truly valuable to them?
5. What are the steps and who influences the purchase decision?
6. How are customer criteria and behavior likely to change?
7. What products and services are our customers going to need?
4. CustomerIdentification
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Need / Risk Segmentation Analysis
1. Who represents the greatest need / greatest risk that our services are intended to address?
2. What drives them to use / come into contact with us?
3. How do we compare to alternatives to address the need / risk?
4. Which of our programs / services are truly valuable to them / address the problem effectively?
5. What are the steps and who influences their decision to use us / encourages their behaviour?
6. How is user need / risk behavior likely to change?
7. What services are users going to need / will be required to manage evolving risk?
Customer Analysis Restated for Public Sector Organizations
See also: Banishing Bureaucracy 1998, David Osborne
4. CustomerIdentification
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Markets – Clusters of Customers
Market Scoring Dan Erica Martin Oprah
Vancouver DowntownGrowth 4 4 4 4
Profitability 5 5 5 5Competition 1 1 1 1
Total 10 10 10 10Vancouver Suburbs
Growth 5 4 5 5Profitability 5 5 5 5Competition 1 1 1 1
Total 11 10 11 11Victoria
Growth 4 5 3 5Profitability 5 5 5 5Competition 1 1 1 1
Total 10 11 9 11Kamloops
Growth 4 4 4 4Profitability 5 5 5 5Competition 1 1 1 1
Total 10 10 10 10Other Greater BC
Growth 5 7 6 5Profitability 7 7 7 7Competition 2 2 2 2
Total 14 16 15 14Calgary
Growth 4 4 4 4Profitability 3 3 3 3Competition 1 1 1 1
Total 8 8 8 8Edmonton
Growth 4 4 4 4Profitability 3 3 3 3Competition 1 1 1 1
Total 8 8 8 8Other Alberta
Growth 5 7 5 5Profitability 5 5 5 5Competition 1 1 1 1
Total 11 13 11 11
Growth
1 – shrinking market and/or market share
4 – only able to maintain existing business
7 – significant growth in market and/or
market share
Profitable
1 – not profitable
4 – break-even
7 – very profitable
Competition
1 – significant competition
4 – competition is manageable
7 – no competition
4. ExternalFactors
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Demand Analysis MethodologyMarket Analysis Restated for Public Sector
Purpose To identify specific opportunities for priorities over the planning period
Grid DesignHorizontal Axis – specific products or services
Vertical Axis – specific clusters for those services
Scores For each cell, assign a score from 1 to 7 for each of the following variables.
Growth of Need / Risk
Assess the potential for growth of the need / risk programs / services
1 – shrinking overall need / risk
4 – no change from today
7 – significant growth in need / risk
Sustainability
Assess the likely financial sustainability of delivering services to meet the need / risk
1 – sustainability is a great risk
4 – no change from today
7 – sustainability not a risk
Alternatives
Assess the attractiveness of emerging alternatives to address the need / risk
1 – significant attractive alternatives are becoming apparent
4 – no change in alternatives apparent
7 – no attractive alternatives emerging or apparent
Cell ScoringEach cell score is the total of the variables scoring for that cell
Highest score: 21, representing a need / risk on which we should focus
Lowest score: 3, representing limited perceived value to addressing need / risk
4. ExternalFactors
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Demand Analysis in the Public Sector
Services
Need
/ Risk
Seg
men
ts
G= G= G= G= G=
S= S= S= S= S=
A= A= A= A= A=
Total
G= G= G= G= G=
S= S= S= S= S=
A= A= A= A= A=
Total
G= G= G= G= G=
S= S= S= S= S=
A= A= A= A= A=
Total
G=Growth S=Sustainability A = Alternatives
4. ExternalFactors
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Industry Dynamics
Segment
What is my chosen market called?
Segment Size / Growth
How big is it and is it growing?
Segment Dynamics
What dynamics are most shaping the segment? (e.g. competitive rivalry, customers, suppliers, entry barriers, alternatives)
Critical Success Factors
What must a competitor do to succeed given the dominant industry dynamics?
Segment Evolution
How is this segment likely to change over time?
4. ExternalFactors
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Competitor Analysis
IndustryPositioning
CriticalSuccess Factors
IndustryEvolution
- Who are my future competitors?- What functional areas are likely to become the most important in the future?
- What must I truly understand about my competitors? (e.g. strategies, strengths, weaknesses and areas of relative performance)
- Who do I compete with in my market segments?- What segments are my competitors focusing on?- What segments should I focus on?
4. ExternalFactors
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Competitor / Alternatives Analysis
Restated for Public Sector
ServiceSustainability
CriticalSuccessFactors
ServiceEvolution
- Who / What are the future competitors / alternatives?- What functional strengths are likely to become the most important in the future?
- What must we understand about alternatives / competitors? (e.g. strategies, strengths, weaknesses and areas of relative performance)
- Who is offering / can offer alternatives to our services?- What segments are they focusing on?- What segments should we focus on?
4. ExternalFactors
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Trend Analysis in 3 Steps
1. Source of Trends - The Family
2. What is the Emerging Trend? - “Kids” not moving out
3. What’s the impact on us?- “Kids” influencing parents’ buying decisions?
4. ExternalFactors
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Benchmarking Analysis
Benchmarking
Is a process for comparing organizational performance and processes to “Best-in-Class” performance and using insight from the comparison to improve ways and improve performance
Determine what to Benchmark
Identify Key Performance Variables / Measures
Identify the “Best-in-Class” Organizations
Research Performance of “Best-in-Class” Organizations
Make Performance Comparisons
Recommend Improvements
Obtain Commitment to Implement
4. ExternalFactors
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External Factors Conclusions 4. Conclusions
Research Overall Conclusions
Customer Analysis EB customer needs research
Market Analysis Markets don’t support seem to support most EB stores.
Industry AnalysisEntry of more and more well-financed competitors using technology and multi, cross, and omni-channels
Competitor Analysis EB is a very small specialty retailer
Trend Analysis Technology is changing the nature of retailing
Benchmarking Analysis
EB is not competitive when benchmarked against the lowest of benchmarks: the industry average.
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Which one strategy is being most impacted?
Customers & Markets
Industry Dynamics
Competitors
Trends
Best Practices
4. Conclusions
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Module 4: External Factors
1. Overview of process
2. The Major Categories of External Factors
2. Issues in Customer Identification
4. Overview of Market, Industry, & Competitor and Trends and Best Practices
5. Initial English Bay Strategy Conclusions & Situation Analysis Report
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Day One Deliverable: The Situation Analysis
Day 1
Day 2
Day 3
Produce a Situation Analysis
Produce a Strategic Plan
Produce a Business Plan
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Day Two – Preparation
- Read the Tarion Case
- Review the Day 2 Binder Materials
- Identify the top 3 external factors you believe Tarion must
address because those factors will significantly impact Tarion
over the next 3 to 5 years