Top 10 do’s and don’ts of strategy development
Top 5 do’s
1. Do: follow a structured process
Start at step one and work through to the last, lest you leave out a key step. One such process is the Strategy Pyramid, set out in the introduction to this book. A recent client of mine built in no competitive response to his modelling of strategic options, partly because he had relegated analysis of competition to a single paragraph earlier in the document. Each step in the strategy development process has a purpose.
2. Do: define your vision
Don’t dive head first into markets and competitive positioning. Set out your vision or goals first. Another client asked for help with evaluating strategic options, which was nigh on impossible because her senior ...