Strategy - Navigating the Complexity of the New World

This book describes Malik's strategic solutions for the Revolutions of the New World, which are already underway. They are part of the Great Transformation 21 which the author will address in the book.
In the six parts of this book, he will first look at the dynamics of the Great Transformation 21, its inherent risks of crisis and its opportunities, as well as the labor pains that the New World is suffering. After that, he will deal with the amazingly effective cybernetic systems for strategic navigation and the strategy maps required for that, as well as the empirical quantification of businesses, both existing and yet unknown, which will help break the new territory of innovation. Finally, Malik will reveal the patterns that the tidal currents of great transformations invariably follow, as well as the economic dynamics resulting from them and the strategies required to deal with them.
In the last part of the book he will describe the revolutionary new methods that enable us to master groundbreaking strategic change with great precision and unprecedented time compression - at the "speed of light", so to speak. This way, even enormous corporate growth and size can be managed and turned into true strengths, with perfect ease and using innovative approaches where conventional approaches have proven useless.

List of contents

Contents
Introduction:
Strategic Solutions for REvolutions® 11

Part I
Strategy for the Great Transformation 21 15
1.What Strategy Looks Like When the Future is Unknown 17
2.The Great Transformation 21 21
The Old World Ends as a New World is Born 23
Megachange in Megasystems 24
The Current Crisis as the New World's Birth Pangs 25
It Takes More than Economics to Understand the Global Economic Crisis 26
Anglo-Saxon Corporate Governance - A Destruction Machine 27
Complexity and Management Crisis: The Absence of Neuronal Systems 30
Third Act of the Crisis: Deflation 31
The New Way of Functioning: Mastering Complexity 33
3.Propositions for the Strategy of New Functioning 35
4.When You Do Not Know What You Need to Know:
The Minefield of Strategic Errors 38
Strategic Delusion by Operational Data 38
Operational and Strategic Management 43
Strategic Thinking Traps 49

Part II
Strategy as Master Control in the Wholistic Management Sys-tems® 57

1. Making Companies Function Well 59
Enhancing Management Impact Through Management Support Systems 59
Right and Good Management - Universally Valid 60
Management, Financial Markets, and Extreme Climbing 63
A Practical Hint for Readers in the Know 64
What are Master Controls? 65
The Basic Management Model and Its Basic Concepts 66
Management of Institutions: The General Management Model 68
Management of People: The Standard Model of Effectiveness, or "Management Wheel®" 71
The Integrated Management System - IMS® 72
Integrated Strategy as a Top Cross-Divisional Function 75

2. Providing Direction Through the Corporate Policy and Business Mission 78
The Right Purpose 78
The Right Mission 83
The Right Performance 89

Part III
Mastering Complexity Through Reliable Navigation in Any Circumstance 93

1. Revolutionizing Strategic Navigation 95
The Malik-Gälweiler Navigation System® 96
The Right Strategy for a Future Unknown 99
Putting an End to Arbitrariness in Strategy Design 101
Looking Further Into the Future - Without Forecasts 101
Time Constants and System Dead Time 101
Limitations of the Market Economy: Why Economists Do Not See Far Enough 103
What Must Be Monitored: Variables for Control and
Orientation 104
Reliable Function With Cybernetic Control Systems 104

2. Reliable Control through Cybernetic Navigation 107
First System Level: Liquidity 107
Second System Level: Profit 112
Third System Level: Current Profit Potential (CPP) 113
Fourth System Level: Future Profit Potentials (FPPs) 119

3. Setting the Right Strategy, Irrespective of Economic Climate:
The Strategy Map 126
The Solution-Invariant Customer Problem 130
Solution Technologies 137
Socioeconomic Trends 141
Market Position 143
Investments and Cost Reduction Potentials 150
Research and Development Objectives 152
Finance and Balance Sheet Variables 154

Part IV
Following the Change: Success Factors for Your Current Business 157

1. No More Blind Flying: PIMS® - The High Art of Strategy Development 159
Strategic Leadership 160
The PIMS Revolution 162
Strategy at the Strategic Business Unit Level 163
Discovery of the "Laws of the Market Place" 163
A Brilliant Research Idea: Profits Are Driven by Structure, not the Industry 165
New Benchmarking Based on the Biological Pattern 166
The PIMS Database Suites 167
75 Percent of Profits Depend on Factors That Are Universally Valid 169
Answering Key Questions of Strategy 170
Eight Key Factors for Success 171

2. Strategic Core Knowledge: A Cornucopia of Insights 173
Market Position 173
Stability of Results Over Time 174
A Seeming Anomaly Triggers Discovery of a New Factor 175
Is Innovating Good? 176
Where Many Businesses Lose Earning Power Without Even Noticing 177
How Important Is Market Growth? 178
Systemic Interconnectedness of PIMS factors 179
PIMS and the Six Central Performance Controls (CPC) 182
The Cybernetics of PIMS Strategy Development 182
Overview: Benefits of PIMS Findings for Top Ma

Product details

• Authors: Fredmund Malik
• Assisted by: Jutta Scherer (Translation)
• Publisher: Campus Verlag
• Languages: English
• Product format: Paperback / Softback
• Released: 15.04.2013
• EAN: 9783593398105
• ISBN: 978-3-593-39810-5
• No. of pages: 392
• Dimensions: 161 mm x 230 mm x 34 mm
• Weight: 732 g
• Illustrations: mit 117 Abbildungen
• Subject: Social sciences, law, business > Business > Management