Online Communities and Their Impact on Business: Ignore at Your Peril (Introduction)
In our strategy work with tech companies, we’re frequently asked about web communities — how they operate, what they can and can’t do, and how a company should look to work with them. The companies we deal with generally fall…
Harvard Business Publishing: Umair Haque - What Apple Knows That Facebook Doesn’t
Too often, we don’t recognize the power of platforms - even in Silicon Valley. Nilofer Merchant, Rubicon’s CEO, writes frequently on the topic and ties it together with strategy. The piece below by Umair Haque, draws an interesting difference between…
The 5 Structural Elements of Strategy: Power Distribution
Strategy has 5 Structural Elements - power distribution, decision-making, idea generation, ideas, process and people. Miss tuning one and you’ll fail. Add items that don’t blend and you’ll fail.
Power Distribution
This dictates who to involve, how much information each individual is allowed, and ultimately the process by which organizations make decisions.
Know who you’re working with - what their track record has been on complex strategy projects, basic strengths and weaknesses. Talk to other people in the organization who have worked with them to gain more information. Vet people to avoid surprises and to understand the best ways to support and motivate team members.
How much of your strategy is confidential? What can - or should - be shared with other groups?
Set the boundaries and share them so that everyone is in agreement and shares the same expectations.
Make sure that the inner working of the group matches the culture and values of the parent organization. If your company is as free-flowing as Google, don’t bind people with conservative rules that eliminate communal sharing of ideas or the development innovative solutions.
Tags: 5 structural elements , Nilofer Merchant , power distribution , strategy
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