We’ve all seen hockey stick business plans before. A future where results sail confidently upward, but with a dip coinciding with next year’s budget.
CEOs usually rely on their experience and business smarts to figure out which of those hockey sticks are real, and which are fake. But all too often getting to a “yes,” competing for resources, and striving to claim credit, cloud the hard decisions. Another strategy framework? No thanks, we already have plenty of those, and they don’t fix the real problem: the social dynamics in your strategy room.
Mining the data from thousands of large companies, McKinsey Partners Chris Bradley, Martin Hirt and Sven Smit open the windows of that room, and bring an “outside view.” They found three discrete groups of companies: the bottom quintile with massive economic losses; the long, flat, middle 60 percent with practically no economic profit; and the top 20 percent to whom all the value accrues.
Some companies do achieve real hockey stick performance: but just 1-in-12 jump from the middle tier to the top over a ten year period. This does not happen by magic—there is an empirically-backed science to improve your odds of success by capitalizing on your endowment, riding the right trends, and most importantly, making a few big moves.
To make these big moves happen, you’re going to have to break through inertia, gamesmanship and risk aversion. You’re going to have to mitigate human biases and manage group dynamics. Eight practical shifts can help you do this, and unlock bigger, bolder, better strategies.
This is not another by-the-book approach to strategy. It’s not another trudge through frameworks or small-scale case studies promising a secret formula for success. It’s an irreverent, fact-driven, and humorous take on the real world of strategic decision making.
This book contains three parts:Explanation. Part I will explain will explain the concepts underlying blockchain. A precise and concise definition is provided, distinguishing blockchain from blockchain architecture. Variations of blockchain are explored based upon the concepts of purpose and scope. Usage. Now that you understand blockchain, where do you use it? The reason for building a blockchain application must include at least one of these five drivers: transparency, streamlining, privacy, permanence, or distribution. Usages based upon these five drivers are shown for finance, insurance, government, manufacturing and retail, utilities, healthcare, nonprofit, and media. Process diagrams will illustrate each usage through inputs, guides, enablers, and outputs. Also examined are the risks of applying these usages, such as cooperation, incentives, and change. Impact. Now that you know where to use blockchain, how will it impact our existing IT (Information Technology) environment? Part III explores how blockchain will impact data management. The Data Management Body of Knowledge 2nd Edition (DAMA-DMBOK2) is an amazing book that defines the data management field along with the often complex relationships that exist between the various data management disciplines. Learn how blockchain will impact each of these 11 disciplines: Data Governance, Data Architecture, Data Modeling and Design, Data Storage and Operations, Data Security, Data Integration and Interoperability, Document and Content Management, Reference and Master Data, Data Warehousing and Business Intelligence, Metadata Management, and Data Quality Management.
Once you understand blockchain concepts and principles, you can position yourself, department, and organization to leverage distributed ledger technology.
Data modelers render raw data-names, addresses, and sales totals, for instance-into information such as customer profiles and seasonal buying patterns that can be used for making critical business decisions. This book brings together thirty of the most effective tools for solving common modeling problems. The author provides an example of each tool and describes what it is, why it is needed, and how it is generally used to model data for both databases and data warehouses, along with tips and warnings. Blank sample copies of all worksheets and checklists described are provided in an appendix.
Companion Web site features updates on the latest tools and techniques, plus links to related sites offering automated tools.