Strategy Management

Levels

 

Strategy Formulation

Design and select the best suited strategy

Vadim Kotelnikov

Vadim Kotelnikov, founder of 1000ventures - personal logo Vadim Kotelnikov

Founder

   

 

 

Strategy Formulation Defined

Strategy formulation is the starting point of Strategic Management. It the process of determining appropriate courses of action for achieving organizational objectives and thereby accomplishing organizational purpose.

 

 

The Role of Enterprise  Strategy  ▪  Focus Areas for Strategy Formulation

 

 

 

 

3 Levels of Strategy Formulation

Enterprise strategy can be formulated and implemented at three different levels: Corporate level, Business unit level, and Functional or departmental level... More

 

 

Milestone Chart

The milestone chart of your envisaged entrepreneurial journey leads to fulfillment of your entrepreneurial vision and provides a roadmap to strategic achievements. A milestone chart is also an important tool of internal and external communication with existing and prospective strategic partners... More

 

 

 Innompic Games  >>  World's #1  >>  Strategic Goals  >>  Milestone Chart

 

 

 

 

Strategic Business Design

Strategic business design is a powerful tool of Strategic Management and strategy formulation. It deals with a "big picture". Strategic business design is as an effective way to bridge innovation, research, management and design based on  the analysis of external and internal trends and data... More

 

 

 

 

 

 

 

 

 

 

"The greatest thing in this world is not so much where we are, but in which direction we are moving." ~ Oliver Wendell Holmes

 

 

5 Strategic Questions

You Should Ask to Understand Where Your Business Is Going

By: Jack Welch

  • In the last three years, what have your competitors done?... More

Special Tools for Strategy Formulation

INNOBALL strategic simulation game Innoball strategic simulation game

Milestone Chart

Strategic Analysis tools (Critical question analysis, SWOT analysis and Learning SWOT Questions, Business portfolio analysis, Resource-based Model, Porter's Model for Industry Analysis)

 

 

Creating Competitive Disruption

7 Strategies

Surprise To Win: 3 Strategies

SWOT Analysis

Questions To Answer

  1. What is your strongest business asset?

  2. What unique resources do you have?

  3. What do you offer that makes you stand out from the rest?... More

8 Key Entrepreneurial Questions

 

Systemic Innovation

7 Interwoven Areas

  1. Business Innovation

  2. Organizational Innovation

  3. Strategy Innovation... More

How To Achieve High Visibility In Your Target Market

10 Strategic Tips by Glenn Ebersole

  • Strategic Tip #1: DO commit to and act as a leader. Be proactive and seize the opportunity to step forward and lead... More

Requirements and Tools

The strategy you formulate should reflect environmental analysis, has a milestone chart that leads to fulfillment of your organizational vision, and result in reaching organizational objectives.

Special tools you can use to assist you in formulating strategies include critical question analysis, SWOT analysis, business portfolio analysisPorter's model for industry analysis, and resource-based model. These five strategy development tools are related but distinct. You should use the tool or combination of tools that is most appropriate for your organization and business environment.

Building Your Sustainable Competitive Advantage

Sustainable competitive advantage is the prolonged benefit of implementing some unique value-creating strategy based on unique combination of internal organizational resources and capabilities that cannot be replicated by competitors... More

Inspirational Business Plan: Successful Innovation

Operational Plan: "We don’t have a traditional strategy process, planning process like you’d find in traditional technical companies. It allows Google to innovate very, very quickly, which I think is a real strength of the company." – Eric Schmidt

Market Leadership Strategies

The market leader is dominant in its industry and has substantial market share. If you want to lead the market, you must be the industry leader in developing new business models and new products or services. You must be on the cutting edge of new technologies and innovative business processes. Your customer value proposition must offer a superior solution to a customers' problem, and your product must be well differentiated... More

Your Innovation Strategy

The innovation portfolio provides visibility that allows your firm pace the introduction of new products and services. You should balance the introduction of revolutionary products with incremental improvements in others so as to maintain a steady flow. By having a comprehensive view of your initiatives over time, you can avoid either overwhelming or underwhelming the marketplace.

 Case in Point  Silicon Valley Firms: Stretching Innovation Portfolio

Adapted from Relentless Growth, Christopher Meyer

  1. Balance between revolutionary and evolutionary initiatives. First, Silicon Valley companies assess the overall balance between revolutionary and evolutionary projects. The ultimate arbitrator of portfolio stretch if the innovation leaders’ judgment, experience, intuition, and luck... More

 Case in Point  Google

Google leaders run the company by questions, not by answers. In the the strategy process they formulate key strategic questions  that they have to answer... More

Strategy Innovation

Strategy innovation is about challenging existing industry methods of creating customer value in order to meet newly emerging customer needs, add additional value, and create new markets and new customer groups for the sponsoring company... More

Strategies for Leading Breakthroughs

So what separates extraordinary leaders from proponents of the status quo? They break the rules. Except, not in an arbitrary or capricious way.

Results-based Leadership

When you look at examples of extraordinary leadership, like the Founding Fathers of the United States or Jack Welch of GE, certain practices or principles become apparent. To start, there is a declaration of what the future will be. There is also a purpose, something to stand for. And finally, there is a clearly articulated commitment... More

3Ss of Winning in Business

7 Dimensions of Strategic Innovation

The Strategic Innovation framework weaves together seven dimensions to produce a range of outcomes that drive growth.

A company's Organizational Readiness may drive or inhibit its ability to act upon and implement new ideas and strategies, and to successfully manage operational, political, cultural and financial demands that will follow... More

 

Mark Zuckerberg business advice quotes Facebook

In a world that is changing really quickly, the only strategy that is guaranteed to fail is not taking risks.

Mark Zuckerberg

Facebook