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Strategic Thinking Framework Making Strategic Thinking Process More Effective |
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Adapted from: Changing Strategic Direction, Peter Skat-Rørdam
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Seven Focus Areas There are no generally applicable recipes for success in business as each business is unique. Effective strategic thinking can be stimulated however by adapting the following framework for the process to the specific situation of your company. 1. Understand Industry Transformation When industries are undergoing transformation, opportunities an the competitive environment also change. To take advantage of the new opportunities, you need to be prepared with new products, new services and new organizational capabilities.
You must understand the nature of change in your industry
to identify areas where resources should be committed.
2. Conceptualize the Core Knowledge Asset... 3. Understand Customer Benefits... 4. Change the Existing Logic... 5. Develop an Overall Direction... 6. Develop Strategies for Both the Short and Long Term... 7. Constantly Adapt Strategies to Opportunities and Learning...
10 Strategic Tips On How To Achieve High Visibility In Your Target Market 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 |
