Business environment is a set of political,
economic, social and technological (PEST) forces that are largely outside
the control and influence of a business, and that can potentially have both
a positive and a negative impact on the business.1...
Environmental analysis is the study of the organizational
environment to pinpoint environmental factors that can significantly
influence organizational operations. Environmental analysis will
help you understand what is happening both inside and outside your
organization and to increase the probability that the
you develop will appropriately reflect your organizational
Corporate Vision, Mission,
is a short, succinct, and
statement of what the organization intends to become and to achieve at some
point in the future, often stated in competitive terms. The purpose of
articulating a coherent vision of a desirable future in which your
organization could thrive is to focus your organization and your partners on
those things you could now to bring that future state about...
Strategy formulation is the process of
determining appropriate courses of action for achieving organizational
objectives and thereby accomplishing organizational purpose...
Blue Ocean Strategy: 6
Strategy is about
The six principles drive the successful
execution of Blue Ocean Strategy.
These principles attenuate the six risks.
3 Strategies of Market Leaders
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...
To be successful today, your company must
become competitor-oriented. You must pursue the right
– avoid strengths of your competitors and look for weak points in their
positions and then launch marketing attacks against those weak points...
Strategic thinking, often depicted as 'helicopter thinking', is the
and relentless process of teasing out options for action which offer maximum
advantage to arrive at an implementable, cunning plan...
Strategic intent is a high-level statement of
the means by which your organization will achieve its
vision. It is a core component of your
Strategic intent cannot be planned all in
advance. It must evolve on the basis of experience during its
Strategy implementation skills are not easily
mastered, unfortunately. In fact, virtually all managers find implementation
the most difficult aspect of their jobs – more difficult than strategic
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...