Lecture 8: Emerging Tools and Trends in Strategic Management

Business & Economics - 15 slides

This lecture focuses on the latest trends in strategic management tools, emphasizing the importance of digital transformation, data analytics, and innovation strategies. It explores how these tools can enhance competitive advantage in a digital-first economy, while discussing various applications ac

Topics Covered

  • Introduction: The Evolving Landscape of Strategic Management
  • Digital Transformation as a Strategic Tool
  • The Role of Data Analytics in Modern Strategy
  • Innovative Business Models and Competitive Advantage
  • Predictive Analytics in Strategic Decision Making
  • Artificial Intelligence and Strategic Innovation
  • Agile Business Strategies: Responding to Rapid Change
  • Building Ecosystems through Strategic Partnerships
  • Blockchain Technology as a Strategic Advantage
  • Scenario Planning Tools for Strategic Forecasting
  • Digital Twins in Strategic Innovation
  • Hyperpersonalization in Strategic Management
  • Strategic Management with Platform Business Models
  • Cybersecurity as a Strategic Imperative
  • Conclusion: Strategic Tools in an Evolving Business Landscape

References

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  • Provost, F. and Fawcett, T. (2013) Data Science for Business: What You Need to Know about Data Mining and Data-Analytic Thinking. O'Reilly Media.
  • Chesbrough, H. (2003) Open Innovation: The New Imperative for Creating and Profiting from Technology. Harvard Business School Press.
  • Christensen, C.M. (1997) The Innovator’s Dilemma. Harvard Business Review Press.
  • Waller, M.A. and Fawcett, S.E. (2013) 'Data Science, Predictive Analytics, and Big Data: A Revolution that will Transform Supply Chain Design and Management', Journal of Business Logistics, 34(2), pp. 77-84.
  • Agrawal, A., Gans, J. and Goldfarb, A. (2018) Prediction Machines: The Simple Economics of Artificial Intelligence. Boston: Harvard Business Review Press.
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  • Evans, D.S. and Schmalensee, R. (2016) Matchmakers: The New Economics of Multisided Platforms. Boston: Harvard Business Review Press.
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