A new competitive business landscape has been emerging owing to multiple strategic discontinuities of the constantly changing business environment such as shrinking product life cycles, plethora of choices to the customer, exacting demands of the buyers' market, low prices, blurring of industry boundaries, opening up of global markets, intense foreign competition in domestic markets, increasing rate of technological change and diffusion, increasing focus on innovation and continuous learning in the knowledge-intensive competitive landscape, emergence of disruptive business models and descalation of time frames for strategic actions. Faced with such an ever-spiralling complexity in the business environment, firms must develop new strategies and new ways of organizing to deal with this exceedingly complicated landscape.
The only way organizations can cope with these strategic discontinuities, in their pursuit of strategic self-renewal, is to develop and maintain strategic flexibility whereby new sources of wealth can be created through new combinations of resources. It is through such a strategic flexibility that any organization can endeavor to achieve a dynamic fit between the organization and its environment. Simultaneous exploration and exploitation of various resource configurations across different possible functional, cross-functional, cross-unit, cross-hierarchical and cross-value activities is critical to any firm in its journey of constant self-renewal. Underlying all these strategic moves is the pivotal / central concept of resource leverage. There are real-time evidences of some seemingly resource-poor start-up companies outwitting some resource-rich and well-established firms by means of smart orchestration of the few resources that they have by being unconventional in their strategies. All these call for a systemic approach to leveraging resources, whether tangible or intangible. A holistic approach of this kind entails augmenting revenues from current markets while creating new markets and value innovations over and above creative cost-cutting strategies. It is thus both resource-effectiveness and resource-efficiency are achieved by organizations in their pursuit of business excellence, competitive advantage, corporate longevity and profitable growth.
The key objective of this Programme is to help participants to look at their organizations from the lens of resource leverage framework in their quest to overcome resource constraints by creative unbundling and rebundling of resources towards unleashing the hidden potential of their organizations. Participants can capture a kaleidoscopic view of various best resource leverage practices of successful organizations in different industries across the globe. These include virtually the whole gamut of critical resources that firms own / access ranging from human resources through R & D, innovative business models, product-market combinations to production systems and the rest. The importance of nurturing bifocal vision comprising a blend of inside-out and outside-in perspectives to corporate excellence is emphasized in this Programme. It endeavours to highlight a firm's resource flexibilities and the co-ordination flexibilities of a firm's managers in imagining new configurations and uses for current and new resources. The ultimate objective is to help participants to explore and exploit the proactive and reactive organizational potential created by a flexible configuration of resources and broad strategic schemas whereby a firm can incorporate various strategic options for possible extension of its domain of competence and corresponding opportunity set to create value in the market and thereby inspire them to achieve and maintain a dynamic fit between organization and environment.
It would be a mix of lectures, case discussions, sharing of experiences and interactive simulations between the participants and the instructors.
The Programme is beneficial to senior and middle-level managers / executives in organizations of any size in any sector (public / private) along with entrepreneurs with businesses in any industry, in any region and any phase of the business cycle with an aspiration to explore and exploit business model innovations towards achieving and sustaining a blend of profitable growth and competitive advantage for their organizations.