Learn more about strategy with this collection
How to start a successful business
How to build a strong team
How to market your business
STRATEGIES do four things
- They change the game for rivals,
- They open up new opportunities for innovation in the company,
- They protect existing business, and
- They deal with risks and pressures
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MORE IDEAS ON THIS
Strategy brings the map to the journey
Without it, you’re just heading someplace without knowing when a vehicle has a faulty GPS.
The Strategy you need now.
- What makes you stand out. What’s your competitive advantage?
- How will you create new market segments, disrupt a current market or respond...
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194 reads
Smart Strategy
There are two types of companies in this world, those that use strategy and those that don’t. The companies that win have a reliable strategy they can rely on to succeed. Smart strategies start with a step by step approach. If you’re going to get anywhere in business, you need the right perspecti...
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222 reads
The DNA Of a Good Strategy
It’s time to look at your business with a fresh pair of eyes. It is time to get honest about where you are, where you want to be, and what it will take to get there.
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482 reads
Everything in business can be thought of as a game
Which means that it takes strategy to win. Businesses, like games, are better played by strategists. Strategy helps you figure out what is going on and how to use this information to your advantage. Strategy helps you act effectively so that everything you do is an improvement over what your comp...
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159 reads
Must-Have in Strategy
- Where you are competing,
- The customers you are targeting,
- What you are going to offer,
- How you intend to win, and
- What your people need to succeed.
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There are at least five elements of a company’s strategy:
- Customers,
- Differentiation (better be sustainable),
- Resources,
- Execution and
- People.
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282 reads
Communicate Strategy
Your strategy must be communicated in a way that ensures buy-in from stakeholders – especially your employee. Otherwise, execution may fall flat.
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CURATED FROM
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Other curated ideas on this topic:
How to allocate an innovation group in the company
There are seven different types of how to locate an innovation group within the company.
- Put the innovation group inside an existing business unit.
- Create a division within a current unit specifically for innovations.
- Add it to ...
Risk-Taking
Putting speed and innovation ahead of tried-and-tested business practices often makes leaders cautious. However, in a fast-changing world, the only strategy that is guaranteed to fail is not taking risks.
For a start-up, the risks can be even greater but innovation is impossible w...
Innovation
With the fast pace of change in the digital age, leadership must be willing to try new technologies and adapt their approach to creating a digital workplace, or risk obsolescence.
The key to innovation for leaders is to keep abreast of developments in the digital sphere and ensure th...
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