R&D and the project portfolio
A downturn is bound to change the structure and competitive landscape
Most companies are exposed to the economic downturn to some degree. History shows that a downturn is bound to change the structure and competitive landscape of many industries. Even in less exposed industries, some companies will get out of the downturn strengthened while others are weakened.
Business Model Innovation
Short-term competitive advantage is created by exploiting existing business models. However, in the long term, all markets mature, competition intensifies and turbulence increases. Consequently, new sources of growth must be explored, and fresh answers to enduring success must be found.
Put all your eggs in one basket
In dynamic business environments, innovation and development are often key capabilities that are needed to take advantage of the opportunities provided by changing conditions. The old saying ”Do not put all your eggs in one basket” has little value in such environments.
Innovate Through Vertical Integration
Vertical integration has been at the forefront of management thinking since Henry Ford’s fully integrated manufacturing plant in Dearborn. Since the birth of Core Business thinking the discussion has focused on what should be done inside the company and outside by partners and suppliers.