Driving Value Innovation for Thai Business: Business EvaluationFramework
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The document outlines a framework for driving value innovation for Thai businesses. It includes two tracks: a competency track to assess business capabilities and identify gaps, and an innovation track to evaluate value and develop new value innovations. The competency track involves analyzing the internal and external environment, identifying gaps, and making strategic recommendations. The innovation track uses tools like value curves, the ERCR framework, and the 5-S model to help businesses develop new value propositions and innovations to drive growth. The final step is to create a value-based implementation roadmap to prioritize and monitor new strategies.
Driving Value Innovation for Thai Business: Business EvaluationFramework
- 1. DRIVING VALUE INNOVATION FOR THAI BUSINESS Business Evaluation Framework Exclusively designed for AEC Geek Facebook Fanpage 2012. Copyrighted by http://www.facebook.com/aecgeek
- 2. VALUE INNOVATION FRAMEWORK Competency Track Business Gap Analysis & Capability Strategic Assessment Recommendation Value-based Implementation Roadmap Innovation Track Implementation Value IQ Value Innovation Roadmap Assessment Exercise 2012. Copyrighted by http://www.facebook.com/aecgeek
- 3. COMPETENCY TRACK BUSINESS CAPABILITY ASSESSMENT Internal Analysis External Analysis How is the 7-S Model business 5Cs for Five Forces doing? Detailed Strategic Analysis (SWOT) Internal External Factors Factors Strength Weakness Opportunity Threat 2012. Copyrighted by http://www.facebook.com/aecgeek
- 4. COMPETENCY TRACK BUSINESS CAPABILITY ASSESSMENT Analysis of Internal Environment using Mckinseys 7-S Model Structure Strategy System Shared Values Skills Style Staff 2012. Copyrighted by http://www.facebook.com/aecgeek
- 5. COMPETENCY TRACK BUSINESS CAPABILITY ASSESSMENT Analysis of Industry Environment using 5Cs (Porters 5 Forces) New entrants - Cost of entry - Economy of scale - Cost/ Technology/Knowledge advantage - Barrier Power of suppliers - No. and size of suppliers - Switching barrier - Ability to substitute - Product/Service uniqueness Power of buyers - No. of customers/ buy volumes - Price elasticity - Loyalty & Incentives - Switching cost Substituted products - Substituted performance - Switching cost - Adoption trend 2012. Copyrighted by http://www.facebook.com/aecgeek
- 6. COMPETENCY TRACK BUSINESS CAPABILITY ASSESSMENT Strategic Analysis using SWOT Source: Graphic from Wikipedia 2012. Copyrighted by http://www.facebook.com/aecgeek
- 7. COMPETENCY TRACK GAP ANALYSIS & STRATEGIC RECOMMENDATION What is Gap? Improvement Gaps Potential Performance -Knowledge Gap - Strategic Gaps 2012. Copyrighted by http://www.facebook.com/aecgeek
- 8. COMPETENCY TRACK GAP ANALYSIS & STRATEGIC RECOMMENDATION Making Strategic Recommendation Strategy must overcome gaps Strategy must sum up key actionable tasks Strategy must guide the implementation roadmap Strategy Prioritization Matrix Improvement 1st Priority Strength leverage opportunity Industry Impact Improvement 2nd Priority Beginning of Blue Ocean Strategic Importance 2012. Copyrighted by http://www.facebook.com/aecgeek
- 9. INNOVATION TRACK VALUE IQ ASSESSMENT Driver Analysis Value Curve PPT Dimension 5-S and ERCR Framework 2012. Copyrighted by http://www.facebook.com/aecgeek
- 10. INNOVATION TRACK VALUE IQ ASSESSMENT What drives your quality? What drives your sales? PROFIT MARGIN Brand People Proces s Technology People Features Innovation Measure Price Which dimension is the highest strategic focus? Which dimension differentiate you and others? Which dimension is your competitive edge? Which gives you entry and switching barriers? Which dimension is associated with your brand? 2012. Copyrighted by http://www.facebook.com/aecgeek
- 11. INNOVATION TRACK VALUE INNOVATION EXERCISE Value Curve Analysis (Strategy Canvas) 2012. Copyrighted by http://www.facebook.com/aecgeek
- 12. INNOVATION TRACK VALUE INNOVATION EXERCISE Value Curve Analysis (Strategy Canvas) 2012. Copyrighted by http://www.facebook.com/aecgeek
- 13. INNOVATION TRACK VALUE INNOVATION EXERCISE Value Curve Example: Bank Saving Account Source: brainmate.com.au 2012. Copyrighted by http://www.facebook.com/aecgeek
- 14. INNOVATION TRACK VALUE INNOVATION EXERCISE Value Curve Example: iPad Source: axbom.se 2012. Copyrighted by http://www.facebook.com/aecgeek
- 15. INNOVATION TRACK VALUE INNOVATION EXERCISE Value Creation#1: ERCR Framework (based on Blue Ocean Strategy) Costs Eliminate Reduce Value Innovation Raise Create Value 2012. Copyrighted by http://www.facebook.com/aecgeek
- 16. INNOVATION TRACK VALUE INNOVATION EXERCISE Value Creation#2: 5-S Model based on C. Wang (2001) 2012. Copyrighted by http://www.facebook.com/aecgeek
- 17. INNOVATION TRACK VALUE INNOVATION EXERCISE Example: 5-S Model Stimulate Surpassing Superior Value Surprising Innovation Satisfying Superposing 2012. Copyrighted by http://www.facebook.com/aecgeek
- 18. VALUE-BASED IMPLEMENTATION ROADMAP Business Value Evaluate Assessment (Low/Mid/High) Management Strategy Dashboard Monitor Prioritize Prioritization BSC, KPI Matrix Implement Roadmap Visualization & Tasks Correlation 2012. Copyrighted by http://www.facebook.com/aecgeek