Learn more about strategy with this collection
How to start a successful business
How to build a strong team
How to market your business
Communicate Strategy
Your strategy must be communicated in a way that ensures buy-in from stakeholders – especially your employee. Otherwise, execution may fall flat.
44
226 reads
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...
49
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...
49
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.
51
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...
51
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.
55
293 reads
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
51
404 reads
There are at least five elements of a company’s strategy:
- Customers,
- Differentiation (better be sustainable),
- Resources,
- Execution and
- People.
47
282 reads
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“In a changing world, you have to be willing and able to change your mind. Otherwise, your expertise can fail, your opinions get out of date, and your ideas fall flat.”
ADAM GRANT
Strategy Development
If you want your culture’s defining traits to be inclusivity, empowerment, and collaboration, the strategy process must reflect this desire. Opening up strategy development to participation, away from the typical top-down, closed approach, is a crucial act.
It might i...
Get Buy-in From Your Executives
- Getting buy-in from your CEO and executives before developing a strategy will ensure it reflects your company’s highest priorities.
- Executive support of the strategy will communicate its importance to employees and other stakeholders.
- The executive support will also help fa...
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