Strategy: Navigating the Complexity of the New World

ISBN-13: 9783593506111 / Angielski / Twarda / 2017 / 401 str.

Fredmund Malik

Opis

The development of Fredmund Malik s strategic framework was a result of his early realization that both business and society are experiencing one of the greatest transformations in history a process he calls The Great Transformation21. One of the first to notice and address the financial and debt crisis, Malik concluded that its primary causes were neoliberalism and a misplaced focus on shareholder value. This focus caused leaders to pursue the wrong strategies, eventually resulting in one of the greatest misallocations of economic and social resources in history.
In response, Malik devised innovative strategic tools that allow the crisis to be used as a springboard for repositioning organizations and enacting structural reform tools contained in this fully revised second edition of Strategy. Precisely addressing the complexity of strategic challenges, Malik s comprehensive management framework helps organizations and businesses successfully navigate any economic environment. Exploring the technological innovations that have revolutionized business, Malik outlines the problems confronting companies in this novel era. He then discusses the many effective cybernetic systems for strategic navigation and the patterns of transformations to come, along with the economic dynamics that will accompany them. Strategy also lays out revolutionary new methods that allow leaders around the world to master these new strategies with precision, ease, and unprecedented speed."

Spis treści

Contents

Preface 19

Strategic Solutions for REvolutions 19

The New Challenges 19

The Right Knowledge 21

The Right Strategy for the Great Transformation21 23

The Revolution in the Great Transformation21 24

Innovative, Intelligent and Right Solutions 25

Strategy: Navigating Effectively Through the Complexity of the Great Transformation21 26

Key Propositions 28

A Word On the Terms Used 30

Part I: Strategy for the Great Transformation21

1.What Strategy Looks Like When the Future is Unknown 37

2.The Great Transformation21 41

The Old World Ends as a New World Is Born 43

Megachange in Megasystems 44

The Current Crisis as the New World's Birth Pangs 45

It Takes More than Economics to Understand the Global Economic Crisis 46

Anglo-Saxon Corporate Governance-A Machine of Destruction 47

Complexity and Management Crisis: The Absence of Neuronal Systems 50

Third Act of the Crisis: Deflation 51

The New Way of Functioning: Mastering Complexity 53

3.When You Do Not Know What You Need to Know: The Minefield of Strategic Errors 55

Strategic Delusion by Operational Data 55

Operational and Strategic Management 60

Strategic Thinking Traps 66

Part II: Strategy as Master Control in the Wholistic Management Systems

1.Making Companies Function Well 77

Enhancing Management Impact Through Management Support Systems 77

Right and Good Management-Universally Valid 78

Management, Financial Markets, and Alpinism 81

A Practical Hint for Readers in the Know 82

What are Master Controls? 83

The Basic Management Model and Its Basic Concepts 84

Management of Institutions: The General Management Model 85

Management of People: The Standard Model of Effectiveness, or "Management Wheel" 88

The Integrated Management System-IMS 89

Integrated Strategy as a Top Cross-Divisional Function 92

2.Providing Direction Through
Corporate Policy and Business Mission 95

The Right Purpose 95

The Right Mission 100

The Right Performance 106

Part III: Mastering Complexity Through Reliable Navigation in Any Circumstance

1.Revolutionizing Strategic Navigation 113

The Malik-Gälweiler Navigation System 114

The Right Strategy for a Future Unknown 117

Putting an End to Arbitrariness in Strategy Design 117

Looking Further Into the Future-Without Forecasts 119

Time Constants and System Dead Time 119

Limitations of the Market Economy:
Why Economists Do Not See Far Enough 120

What Must Be Monitored: Variables for Control and Orientation 121

Reliable Function With Cybernetic Control Systems 122

2.Reliable Control Through Cybernetic Navigation 124

First System Level: Liquidity 124

Second System Level: Profit 129

Third System Level: Current Profit Potential (CPP) 131

Fourth System Level: Future Profit Potentials (FPPs) 136

3.Setting the Right Strategy, Irrespective of Economic Climate: The Strategy Map 143

The Solution-Invariant Customer Problem 147

Solution Technologies 154

Socioeconomic Trends 157

Market Position 159

Investments and Cost Reduction Potentials 166

Research and Development Objectives 168

Finance and Balance Sheet Variables 170

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

1.No More Blind Flying: PIMS-The High Art of Strategy Development 175

Strategic Leadership 176

The PIMS Revolution 178

Strategy at the Strategic Business Unit Level 179

Discovery of the "Laws of the Market Place" 179

A Brilliant Research Idea: Profits Are Driven by Structure, not the Industry 181

New Benchmarking Based on the Biological Pattern 182

The PIMS Database Suites 183

Universally Valid Factors Determine Seventy-five Percent of Profits 185

Answering Key Questions of Strategy 187

Eight Key Factors for Success 188

2.Strategic Core Knowledge: A Cornucopia of Insights 189

Market Position 189

Stability of Results Over Time 190

A Seeming Anomaly Tri

O autorze

Prof. Dr. Fredmund Malik is habilitated Professor of Corporate Governance and an internationally renowned management expert. He is founder and chairman of Malik Management, the world's leading knowledge organization for integrated management systems based on the science of cybernetics. Based in St. Gallen, Malik Management has around 300 employees, offices in six countries, and a network of partner organizations in the fields of cybernetics and bionics. It is the biggest provider of reliably functioning solutions to interconnected problems of organizational complexity and control. Malik Management helps thousands of managers to integrate and improve their knowledge of general management systems via training and intervention.
Malik is the author of more than ten award-winning bestsellers including the classic Managing, Performing, Living. He pens regular columns in opinion-forming media. He is among the most cited and profiled management thinkers of our time. His numerous awards include the Cross of Honor for Science and Art of the Republic of Austria (2009) and the Heinz von Foerster Award for Organizational Cybernetics of the German Association for Cybernetics (2010).