Leading the revolution

One week before the stuff hits the fan so to speak. Classes start next wednesday and I am excited. Class lunch, BBQ aside, I got to finish this book before then or it will continue to be hold until the end of the quarter. I started it yesterday and almost a quarter through. SO why did i not mention it earlier? Too busy reading to take notes :-)

Gary hamel is good at motivating, cynical but motivating. i felt breathless goign over the earlier introductions and his case on the importance of business strategy. Then came to the meat of the book so to speak.
"Innovation risk is determined by four things

1. The size of the irreversable and non recoverable financial commitment that must be made to get the project off the ground.
2. The degree to which new opportunity departs from the companys existing base of technical and market understanding
3. The ammount of irreducible uncertainity surrounding critical project assumptions
4. The timeframe required for rampup.

"

Gary develops a framework to unpack th ebusiness model comprising of four major components

• Core strategy: Business mission,Product/market scope,basis for differentiation.
• Strategic resources: Core competencies,strategic assets,core processes.
• Customer interface:Fulfillment and support,information and insight,relationship dynamic&pricing structure
• Value network:Suppliers, partners and coalitions.

The details to follow in subsequent comments. I didnt want to lose my train of thought and had to get it down appropriately.

:-)