Comments on: Linking Business Strategy to Project Strategy http://pmstudent.com/linking-business-strategy-to-project-strategy/ Helping new and aspiring project managers reach their career goals! Thu, 09 Feb 2012 14:27:12 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Dr. Paul D. Giammalvo http://pmstudent.com/linking-business-strategy-to-project-strategy/#comment-7830 Dr. Paul D. Giammalvo Mon, 30 Mar 2009 04:19:23 +0000 http://pmstudent.com/?p=1233#comment-7830 Hi Folks, In researching my book on integrated asset, operations and project management, I stumbled on an EXCELLENT article that explains my perspective on what I see as an inane and inappropriate focus on strategy alone or strategy as being "the solution". http://www.iveybusinessjournal.com/view_article.asp?intArticle_ID=324 BR, Dr. PDG, Jakarta Hi Folks,
In researching my book on integrated asset, operations and project management, I stumbled on an EXCELLENT article that explains my perspective on what I see as an inane and inappropriate focus on strategy alone or strategy as being “the solution”. http://www.iveybusinessjournal.com/view_article.asp?intArticle_ID=324

BR,
Dr. PDG, Jakarta

]]> By: Dr. Paul D. Giammalvo http://pmstudent.com/linking-business-strategy-to-project-strategy/#comment-24531 Dr. Paul D. Giammalvo Mon, 30 Mar 2009 04:19:00 +0000 http://pmstudent.com/?p=1233#comment-24531 Hi Folks, In researching my book on integrated asset, operations and project management, I stumbled on an EXCELLENT article that explains my perspective on what I see as an inane and inappropriate focus on strategy alone or strategy as being "the solution". http://www.iveybusinessjournal.com/view_article.asp?intArticle_ID=324 BR, Dr. PDG, Jakarta Hi Folks,
In researching my book on integrated asset, operations and project management, I stumbled on an EXCELLENT article that explains my perspective on what I see as an inane and inappropriate focus on strategy alone or strategy as being “the solution”. http://www.iveybusinessjournal.com/view_article.asp?intArticle_ID=324

BR,
Dr. PDG, Jakarta

]]> By: Alex S. Brown, PMP IPMA-C http://pmstudent.com/linking-business-strategy-to-project-strategy/#comment-4035 Alex S. Brown, PMP IPMA-C Tue, 09 Dec 2008 15:20:57 +0000 http://pmstudent.com/?p=1233#comment-4035 Dr. Narasimhan, Strategy is definitely set in response to the external environment, but it is not wholly determined by the external environment. Most strategists go through a deliberate process of assessing their environment, but when they create their strategy their are finding a unique place or response to the external environment. The strategy is set by the company with an awareness of external issues, but it is not determined by external issues. I think Michael Porter's "Competitive Strategy" does a great job in talking about this interaction. Porter combines deep research into competition and industry with difficult decisions about how your company plans to operate within that environment. The strategy, or plan, needs to be aware of its surroundings, but there are many choices to make. Porter also deals with fast-moving or revolutionary industries or environments. They demand strategic choices as well, but there are many special issues to consider. I cannot adequately cover all of Porter's thoughts here, but I highly recommend the book. --Alex http://www.alexsbrown.com Dr. Narasimhan,

Strategy is definitely set in response to the external environment, but it is not wholly determined by the external environment. Most strategists go through a deliberate process of assessing their environment, but when they create their strategy their are finding a unique place or response to the external environment. The strategy is set by the company with an awareness of external issues, but it is not determined by external issues.

I think Michael Porter’s “Competitive Strategy” does a great job in talking about this interaction. Porter combines deep research into competition and industry with difficult decisions about how your company plans to operate within that environment. The strategy, or plan, needs to be aware of its surroundings, but there are many choices to make.

Porter also deals with fast-moving or revolutionary industries or environments. They demand strategic choices as well, but there are many special issues to consider. I cannot adequately cover all of Porter’s thoughts here, but I highly recommend the book.

–Alex
http://www.alexsbrown.com

]]> By: Alex S. Brown, PMP IPMA-C http://pmstudent.com/linking-business-strategy-to-project-strategy/#comment-24530 Alex S. Brown, PMP IPMA-C Tue, 09 Dec 2008 15:20:00 +0000 http://pmstudent.com/?p=1233#comment-24530 Dr. Narasimhan, Strategy is definitely set in response to the external environment, but it is not wholly determined by the external environment. Most strategists go through a deliberate process of assessing their environment, but when they create their strategy their are finding a unique place or response to the external environment. The strategy is set by the company with an awareness of external issues, but it is not determined by external issues. I think Michael Porter's "Competitive Strategy" does a great job in talking about this interaction. Porter combines deep research into competition and industry with difficult decisions about how your company plans to operate within that environment. The strategy, or plan, needs to be aware of its surroundings, but there are many choices to make. Porter also deals with fast-moving or revolutionary industries or environments. They demand strategic choices as well, but there are many special issues to consider. I cannot adequately cover all of Porter's thoughts here, but I highly recommend the book. --Alex http://www.alexsbrown.com Dr. Narasimhan,

Strategy is definitely set in response to the external environment, but it is not wholly determined by the external environment. Most strategists go through a deliberate process of assessing their environment, but when they create their strategy their are finding a unique place or response to the external environment. The strategy is set by the company with an awareness of external issues, but it is not determined by external issues.

I think Michael Porter’s “Competitive Strategy” does a great job in talking about this interaction. Porter combines deep research into competition and industry with difficult decisions about how your company plans to operate within that environment. The strategy, or plan, needs to be aware of its surroundings, but there are many choices to make.

Porter also deals with fast-moving or revolutionary industries or environments. They demand strategic choices as well, but there are many special issues to consider. I cannot adequately cover all of Porter’s thoughts here, but I highly recommend the book.

–Alex
http://www.alexsbrown.com

]]> By: Dr.P.L.Narasimhan http://pmstudent.com/linking-business-strategy-to-project-strategy/#comment-4018 Dr.P.L.Narasimhan Tue, 09 Dec 2008 05:17:27 +0000 http://pmstudent.com/?p=1233#comment-4018 Please permit me to ask for a clarification. You have stated that Business strategy is determined .. external environment. Is it right to depend on external environment which generally move in a tradition technological progress of course with varying speed based on resources? The impact of breakthrough and disruptive technologies in many cases upset the determined strategy. How should one guard or be prepared for this, since once investment and action are started any change in external environment may upset time and financial resources. narasimhan Please permit me to ask for a clarification. You have stated that Business strategy is determined .. external environment. Is it right to depend on external environment which generally move in a tradition technological progress of course with varying speed based on resources? The impact of breakthrough and disruptive technologies in many cases upset the determined strategy. How should one guard or be prepared for this, since once investment and action are started any change in external environment may upset time and financial resources.

narasimhan

]]> By: Dr.P.L.Narasimhan http://pmstudent.com/linking-business-strategy-to-project-strategy/#comment-24529 Dr.P.L.Narasimhan Tue, 09 Dec 2008 05:17:00 +0000 http://pmstudent.com/?p=1233#comment-24529 Please permit me to ask for a clarification. You have stated that Business strategy is determined .. external environment. Is it right to depend on external environment which generally move in a tradition technological progress of course with varying speed based on resources? The impact of breakthrough and disruptive technologies in many cases upset the determined strategy. How should one guard or be prepared for this, since once investment and action are started any change in external environment may upset time and financial resources. narasimhan Please permit me to ask for a clarification. You have stated that Business strategy is determined .. external environment. Is it right to depend on external environment which generally move in a tradition technological progress of course with varying speed based on resources? The impact of breakthrough and disruptive technologies in many cases upset the determined strategy. How should one guard or be prepared for this, since once investment and action are started any change in external environment may upset time and financial resources.

narasimhan

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