Temporarily Divide to Conquer: This challenge is particularly acute after firms have experienced an environmental change that has shifted the existing c This challenge is particularly acute after firms have experienced an environmental change that has shifted the existing competitive landscape and created new, high-performing sets of activity choices. How should firms organize to explore and search such an altered performance landscape?
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In turbulent markets, businesses and opportunities are constantly falling out of alignment. New technologies and emerging markets create fresh opportunities.
Converging markets produce more. And of course, some markets fade. In this landscape of continuous flux, it''s more important to build corporate-level strategic processes that enable dynamic repositioning than it is to build any particular defensible position.
That''s why smart corporate strategists use patching, a process of mapping and remapping business units to create a shifting mix of highly focused, tightly aligned businesses that can respond to changing market opportunities.
Patching is not just another name for reorganizing; patchers have a distinctive mind-set.
Traditional managers see structure as stable; patching managers believe structure is inherently temporary. Traditional managers set corporate strategy first, but patching managers keep the organization focused on the right set of business opportunities and let strategy emerge from individual businesses.
Although the focus of patching is flexibility, the process itself follows a pattern. Patching changes are usually small in scale and made frequently.
Patching should be done quickly; the emphasis is on getting the patch about right and fixing problems later. Patches should have a test drive before they''re formalized but then be tightly scripted after they''ve been announced.
And patching won''t work without the right infrastructure: Topics This product has no related items.Patching: Restitiching Business Portfolios in Dynamic Markets Why e-Business is important to the world economy A business letter on expanding into foreign markets.
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“Patching: Restitching business portfolios in dynamic markets.” Harvard Business Review, 77(3): We continue to find the European and emerging-market stock markets more attractively valued, and overweight them within client portfolios with .
Patching - Restitching business portfolios in dynamic markets HARVARD BUSINESS REVIEW EISENHARDT, K. M., Brown, S. L. ; 77 (3): ? Abstract In turbulent markets, businesses and opportunities are constantly falling out of alignment. We first investigate the performance of portfolios formed from a number of weighting schemes, including commonly used weights as well as weights suggested by a risk-parity approach (as suggested by Asness, Frazzini, and Pedersen ()).
Capital Markets: Asset Pricing & Valuation eJournal Simon Business School. Econometric Modeling. My belief is that fund managers should focus more on correctly diversifying people’s portfolios than suggesting and trying to get them to invest in securities that they feel are undervalued.
The objective of MD&A is to enhance investor understanding of the issuer’s business by providing supplemental analysis and background material to.