Does Business Gamification Really Work?
Eight Tips on How to Choose a Consultant
How to Create a Customer-Centric Social CRM

Business Planning Strategy Defined

Strategy means consciously choosing to be clear about your company’s direction in relation to what’s happening in the dynamic environment. With this knowledge, you’re in a much better position to respond proactively to the changing environment.

The fine points of strategy are as follows:

  • Establishes unique value proposition compared to your competitors

  • Executed through operations that provide different and tailored value to customers

  • Identifies clear tradeoffs and clarifies what not to do

  • Focuses on activities that fit together and reinforce each other

  • Drives continual improvement within the organization and moves it toward its vision

Knowing what strategy is can also be explained by looking at what strategy isn’t. Dr. Michael Porter, the leading strategy guru and professor at Harvard University, says strategy isn’t the following:

  • Agility

  • Alliances/Partnering

  • Aspirations

  • Best practice improvement

  • Downsizing

  • Execution

  • Flexibility

  • Innovation

  • The Internet (or any technology)

  • Learning

  • Mergers/Consolidation

  • Outsourcing

  • Restructuring

  • A vision

  • Add a Comment
  • Print
  • Share
blog comments powered by Disqus
How to Define Processes That Yield Insights for Your Social CRM
Use Metrics to Measure Progress of Process-Improvement Projects
Strategic Planning: Everyday Decisions Drive Return on Investment
How to Test Competitive Intelligence Conclusions through Triangulation
How to Create Test Cases for Business Analysis Validation
Advertisement

Inside Dummies.com