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Business Strategy

The Steps to Be Taken to Realize Our Vision

CONTENT

  • Strategy development process with an advisory board

  • Why choose this process

  • Top strategic management methods

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A sustainable competitive advantage come with a good strategy. Align everyone around a shared purpose. Make your future happen don’t let it happen to you.

 

STRATEGY DEVELOPMENT PROCESS WITH AN ADVISORY BOARD:

Assessment and Insight Gathering:

  • Collaborate with Advisory Board for diverse perspectives.

  • Conduct SWOT analysis for comprehensive assessment.

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Vision and Mission Refinement:

  • Engage Advisory Board in revisiting the vision and mission.

  • Ensure alignment with current industry trends.

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Strategic Planning Division:

  • Split into strategic thinking and execution planning.

  • Leverage Advisory Board's expertise in strategy formulation.

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Success Factors and Themes Identification:

  • Advisory Board identifies critical success factors.

  • Define strategic themes with the Board's strategic insights.

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Brand and Customer Focus:

  • Advisory Board contributes to defining brand essence.

  • Identify target customer segments with Board's market insights.

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Disruptive Strategy Brainstorming:

  • Advisory Board introduces disruptive ideas.

  • Explore blue ocean market spaces with the Board's industry knowledge.

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Key Differentiators Definition:

  • Collaborate with Advisory Board to identify unique activities.

  • Ensure differentiators align with market expectations.

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Balanced Scorecard Development (BSC):

  • Advisory Board participates in BSC development.

  • Regular Board reviews ensure relevance and alignment.

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BHAG - Big Goals Setting:

  • Advisory Board provides strategic direction for BHAGs.

  • Align long-term goals with the Board's industry foresight.

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Strategy Articulation and Communication:

  • Craft a compelling narrative with Advisory Board input.

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WHY CHOOSE THIS PROCESS:

  • Comprehensive assessment for informed strategy.

  • Clear vision for aligned objectives.

  • Inclusive strategic planning for varied perspectives.

  • Focus on success factors and differentiators.

  • Targeted brand strategies for customer loyalty.

  • Innovative approach for industry disruption.

  • Exploration of untapped market opportunities.

  • Defined key activities for distinctiveness.

  • Balanced scorecard for effective monitoring.

  • Ambitious goals driving long-term success.

  • Clear communication strategy for organizational alignment.

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TOP STRATEGIC MANAGEMENT METHODS:

  • Balanced Scorecard.

  • SWOT.

  • BCG Matrix.

  • Porter's Five Forces.

  • PESTEL Analysis.

  • Blue Ocean Strategy.

  • The 7 Strata of Strategy.

  • VRIO Framework.

  • Real Options Theory.

  • Game Theory.

  • Strategic Foresight.

  • Critical Success Factors.

  • Digital Transformation Strategies.

  • Risk Management.

  • Theory of Constraints.

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