Integrated Change

Change....Change...Change...........................Change Management....

M & A... BPM.....BPI..... BPR...... RTE.....UML...TIBCO..........................

.....so many Industry jargons becuase somebody thinking loud on top.

Strategy buzzword "CHANGE" was always ongoing echo in our ears. Don't use any Anti Noise device to defaten it but, feel it like music. Yes. Strategy planning will be always prioirty item till 2010. BASEL II, Check 21, e-purse, Bluetooth are some the technology changing the way we deal with payment system.

At the fag end of 2004, let us learn from Learned. ET Corporate Excellance Awardee for 2004 Dr. C.K. Prahalad - Teaching Corporate Strategy at University of Michigan Business School. His book was recently identfied as best book of 2004 by Strategy and Business - Booz,Allen and Hamilton. Larry Bossidy is one of the change manager known for last 25 years. He has played critical role in restructuring GE with Jack Welch. He was ranked higher than Jack welch in Top Ten American MAnager by FORTUNE MAgazine in 1995.

Few exerpts are as follows:
Integrated ChangeAlthough business gurus have documented the inadequacy of the linear strategy-first-execution-next view in today’s business environment, no one has provided businesspeople with actionable concepts they can use to replace the old thinking. A new framework is needed — one that views strategy as an integrated change program linking together multiple dimensions of strategy: external realities, internal activities and business processes, financial targets, and customers. We think of this as “integrated strategy.”
The three books we selected for this review make the most substantive contributions this year to the development of a new, integrated view of strategy:

1. Confronting Reality: Doing What Matters to Get Things Right, by Larry Bossidy and Ram Charan (Crown Business, 2004);

2. The Future of Competition: Co-Creating Unique Value with Customers, by C.K. Prahalad and Venkat Ramaswamy (Harvard Business School Press, 2004); and

3. Strategy Maps: Converting Intangible Assets into Tangible Outcomes, by Robert S. Kaplan and David P. Norton (Harvard Business School Press, 2004).