What Is An Activity System Map?

Activity System Map

Introduced by Michael Porter in 1985, an activity system map is a powerful tool used in strategic planning to visualize and enhance an organization’s competitive edge. It illustrates the links between the clusters of activities and the processes that support the core competencies, hence representing how the activities pursued by an organization fit with and … Read more

What Is the Flywheel Concept in Business?

Business man signing papers on his work desk

The flywheel concept in business is a strategic approach where small, consistent actions build momentum, leading to significant long-term growth. This concept emphasizes how repeated efforts can accumulate and create powerful forward motion. Forget about quick fixes. The flywheel requires patience and persistence. But you will pay for it, believe me. The results of such … Read more