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Blog: Advice and Insights from a Practitioner

These are the most popular blog posts from the author Bill Tyson, “The Savvy Strategist” covering topics around InsurTech investing considerations, Distribution and strategy:

Underwriting an InsurTech Venture

To enable more rapid decision making, over the past several years, Bill Tyson has developed a streamlined way, in the form of a checklist, to assist those, from all sides of an InsurTech start-up, to underwrite an InsurTech business venture quickly.  

Read the entire Blog Post: Underwriting an InsurTech Venture

Doubling Down on Differentiation

Recently, the expression “doubling down” has become part of the tech world’s nomenclature. “I think you’ll be pleased where we’re taking Siri. We’re doubling down on it.”– Tim Cook, Apple CEO, speaking at the D10 conference in May 2012.  He also remarked that they are going to “doubling down on secrecy” too, indicating that there might be loose lips at work at Apple or, just the result of a public trial over patents. 

Read the entire Blog Post: Doubling Down on Differentiation

Building Robust Distribution to Support Your Strategy

During the past few years, Bill Tyson has been working with a variety of different client companies to develop and improve their distribution networks. Distribution really matters when you consider that, on average, half of the price of the product is absorbed by activities related to getting that product from producer to the purchaser as an integral part of the value chain. [1]

Read the entire Blog Post: Building Robust Distribution to Support Your Strategy

Making A Good Customer Value Proposition Better

The creators of the Balanced Scorecard, Robert Norton and David Kaplan, view the customer value proposition (“CVP”) as the “heart of strategy”.  They very succinctly stated that: “Strategy is based on a differentiated customer value proposition.  Satisfying [your] customers is the source of sustainable value creation.”[1]

Read the entire Blog Post: Making A Good Customer Value Proposition Better

Accountability: The X-Factor in Your Organization?

In this context, “the X-Factor” means a hard-to-describe force, influence or quality that has a positive impact on an organization’s performance. Bill Tyson believes that when an organization possesses and promotes the concept of accountability appropriately, the effect can be the X-Factor for the organization, and thus, result in a key competitive advantage.

Read the entire Blog Post:Accountability: The X-Factor in Your Organization?

So, What is Strategy Anyway?

During most, if not all of Bill Tyson’s 30 + years as a practitioner of the art and science of strategic planning, there has been confusion about what strategy is and how it differs from other elements of a strategic plan such as: objectives, goals and tactics.   He offers a few different perspectives.

Read the entire Blog Post: So, What is Strategy Anyway?

Why Does Your Organization Need a Mission Statement?

Developing a mission statement can be effective at establishing guidelines for people to follow in an effort to achieve a certain loftier, longer term mission.  In fact, mission statements have been used throughout history and many have indeed withstood the pressures and tests of time.  However, the development of a mission statement can be quite daunting, so Bill Tyson offers these guidelines.

Read the entire Blog Post:Why Does Your Organization Need a Mission Statement?