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Traditional 5 Forces plays Blue Ocean in Strategy Stakes

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freeway_sign_that_reads_strategy.jpgThis is the first in a series of articles discussing which strategy tools are most appropriate in what situations.  Recognising that every client engages T l M l G in response to circumstances particular to the client at that time, the tools selected should respond to the client needs at that time.  A new article in this series will be published in each of the months ahead.

With the exception of the traditional SWOT analysis, few aids to strategy development are more frequently used than Porter’s approach to Competitive Advantage.  But others are equally useful, albeit addressing the strategy “elephant” from a different standpoint.  One such alternative is “Blue Ocean” strategy.  Director of Consulting at T l M l G, Peter Boyce, explores how, when and why each be applied.
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Strategy post global economic uncertainty

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Image By now most businesses are pondering how best to respond to a more benign economic climate than might have been anticipated just one year ago. Despite some concerns about sovereign debt and ‘unwashed’ bad loans, it seems to us that the global economy is ‘post’ the GFC.

Post the global financial crisis, some senior executive teams may feel tempted to both think and act with a shorter term focus. TMG argues that the reverse should be true as opportunities abound and good strategy development reduces the business risk.

What follows is a summary of the general advice we provide when preparing to facilitate strategy with our clients. We are encouraging businesses to develop strategy with confidence in the medium to long term. For advice targeted to your business and current situation, call the author of this article, Peter Boyce, Director of Consulting @ TMG.
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A business advisor

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Image Your accountants and lawyers will never know all that you know. Their advice may bring you insight or revelation, but it will not bring you salvation.  Your decision on how to act does that - and you make those decisions. When it comes to strategy, T | M | G can be your 'world's best practice' business advisors. But, only you can make the decisions.
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Strategic success

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Image They are, from last to most significant of the reasons:
 
1. Poor strategic choices
2. Under resourcing execution and most common of all,
3. Lack of engagement depth.
 

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TMG Strategy Consultants Pty Ltd
Telephone  03 9010 9010
Mail: PO Box 698
Balwyn North - Victoria 3104

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Testimonials


"The strategy you facilitated us to drive out at our conference played a very significant role in the subsequent 3 year success of dramatically growing the business value"
Peter Acheson -
CEO Ambit Recruitment
 

"TMG were instrumental in the creation and roll-out of Optus World, often working well beyond expectations."
Paul O'Sullivan -
Optus Communications
 

"TMG provides companies with strategic development support with a client friendly methodology that focuses on getting the strategy right and making sure implementation is mapped out and deliverable."
Sue MacLeman -
Benitec
 


"TMG has been a committed and productive resource"
Geoff Wallace -
Procter & Gamble
 


"As we roll out ...the work you are doing is invaluable"
Michael Rogers -
Colonial State Bank
 

"... we respect your dedication to working with us relentlessly to achieve our goals"
Laura Taylor -
Pepsico Restaurants International
 


"We've been very impressed by the professionalism of TMG in all our dealings"
Philip Dows -
Intel Semiconductor

 

Some of our clients

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