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

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Presentation on theme: "‘Supply Chain Innovation- necessary or nice?’ Aligning Management Strategies within a Dynamic Global Market."— Presentation transcript:

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

2 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.

3 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 Hierarchal management styles outdated.

4 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.

5 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.

6 References Barsh, J. 2007, ‘Innovative Management: A Conversation with Gary Hamel and LowellBryan’,McKinseyQuarterly,https://www.mckinseyquarterly.com/Innovative_m anagement_A_conversation_between_Gary_Hamel_and_Lowell_Bryan_2065https://www.mckinseyquarterly.com/Innovative_m anagement_A_conversation_between_Gary_Hamel_and_Lowell_Bryan_2065 Bennett, A. 2011, ‘Company Culture Crucial to Success’, The Australian Newspaper, http://www.theaustralian.com.au/careers/company-culture-crucial-to- success/story-fn717l4s-1226103571503http://www.theaustralian.com.au/careers/company-culture-crucial-to- success/story-fn717l4s-1226103571503 Bryan, L. 2002, ‘Just in Time Strategy for a Turbulent World’, McKinsey Quarterly, https://www.mckinseyquarterly.com/Just-in- time_strategy_for_a_turbulent_world_1195 https://www.mckinseyquarterly.com/Just-in- 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.

7 References Lovallo, D & Sibony, O. 2010, ‘The Case for Behavioural Strategy’ McKinsey Quarterly, https://www.mckinseyquarterly.com/The_case_for_behavioral_strategy _2551 https://www.mckinseyquarterly.com/The_case_for_behavioral_strategy _2551 Tichy, N. 1983, ‘The Essentials of Strategic Change Management’, Journal of Business Strategy, vol. 3, no. 1.


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