‘Supply Chain Innovation- necessary or nice?’ Aligning Management Strategies within a Dynamic Global Market.

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Presentation transcript:

‘Supply Chain Innovation- necessary or nice?’ Aligning Management Strategies within a Dynamic Global Market

Introduction  Current globalisation and modern technologies have changed the driving areas that affect the supply chain.  The strategic orientation and innovations that are required for an organisation to survive are paramount for building and managing a successful supply chain.

Several factors affect strategic decisions that can mean success or failure  Strategic business model design Type of analysis that are performed in the conception of a business model play a pivotal part in ensuring the company is strategically aligned.  Company culture An effective culture empowers and develops it’s people encouraging them to greater capabilities. Hierarchal management styles outdated.

Several factors affect strategic decisions that can mean success or failure (cont.d)  Dynamic management Competent supply chain managers need vision, humility, determination and the ability to embrace change  Behavioural economics Business strategies are directly linked to behavioural economics. All strategic decisions have an element of risk.

Several factors affect strategic decisions that can mean success or failure (cont.d)  Encouraging Innovation Within Recognition required for collaboration of employees to create the innovations. Internal and external barriers need to be identified to prioritise innovation within. Collaborative management style essential.

References Barsh, J. 2007, ‘Innovative Management: A Conversation with Gary Hamel and LowellBryan’,McKinseyQuarterly, anagement_A_conversation_between_Gary_Hamel_and_Lowell_Bryan_2065https:// anagement_A_conversation_between_Gary_Hamel_and_Lowell_Bryan_2065 Bennett, A. 2011, ‘Company Culture Crucial to Success’, The Australian Newspaper, success/story-fn717l4s http:// success/story-fn717l4s Bryan, L. 2002, ‘Just in Time Strategy for a Turbulent World’, McKinsey Quarterly, time_strategy_for_a_turbulent_world_ time_strategy_for_a_turbulent_world_1195 Collins, J. 2001, ‘Good to Great’, Harper Collins Publishers, New York. Fawcett, S.E, Ellram, LM. & Ogden, J.A. (2007) Supply Chain Management: from Vision to Implementation, Pearson Prentice Hall, Upper Saddle River, NJ.

References Lovallo, D & Sibony, O. 2010, ‘The Case for Behavioural Strategy’ McKinsey Quarterly, _ _2551 Tichy, N. 1983, ‘The Essentials of Strategic Change Management’, Journal of Business Strategy, vol. 3, no. 1.