Essential Strategic Management Frameworks and Models
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SECI Knowledge Conversion Model
The SECI model describes four modes of knowledge conversion between Tacit (T) and Explicit (E) knowledge:
- Socialization: Tacit (T) → Tacit (T)
- Externalization: Tacit (T) → Explicit (E)
- Combination: Explicit (E) → Explicit (E)
- Internalization: Explicit (E) → Tacit (T)
Strategic Environment and Postures
The environment is characterized by dynamics, complexity, and uncertainty.
A) Different Types of Future
- Clear Enough Future
- Alternative Futures
- Range of Futures
- True Ambiguity
B) Strategic Postures
- Shape the Future: Play a leadership role in establishing how the industry operates.
- Adapt to the Future: React to market changes.
- Reserve the Right to Play: Invest sufficiently to stay in the game, but avoid major commitments.