Strategy and Digital Transformation

When we started building Trackboardapp  by Kinetic (a strategy development platform) before the pandemic, we wanted to help bring efficiency, transparency, and speed to strategy development, mapping, and implementation . Now, I am most motivated by the fact that business leaders, institutions, and their employees are able to design and see their strategic goals implemented in real-time and the progress of their organization-wide mission from anywhere in the world on Trackboard. Fortunately, businesses have gone or/are going full remote or hybrid now, and naturally, adapting to a new change isn't always easy. Our foremost strategy consulting partner Ausso Leadership Academy led by Mr Austin Okere is doing fantastic work in easing customers on Trackboard by Kinetic digital transformation journey. It is surreal to see the leadership of publicly traded companies leading their organizational-wide digital transformation journey with the help of Trackboard. Like we always say, business le...

Opening Strategy!  In their work, Chesbrough & Appleyard (2007) discussed emerging anomalies that are challenging the traditional business strategy process. The conventional business strategy approach was based on Porter's forces whereby firms create barriers and closure against new entrants to maintain competitiveness. However, recent events concerning modern businesses show no sustainable competitive advantages in industries but a continuous need for proficient business innovation and strategy (McGrath, 2013). As technology, competitors, and customers’ needs changes, the competitive advantage erodes and disappears. However, to maintain or sustain competitiveness, organizations must innovate with agility and a dynamic approach to the strategy processes to meet varying market demands (Doz & Kosonen, 2008). To this end, firms are beginning to pattern their business strategy and innovation using the open strategy approach in value creation with some success (Teece, 2010; Lued...