Business Problem-Solving and Strategy

3Preparations to Build the Correct Strategy

Take the Right Steps to Analyze

So how can we avoid these pitfalls and traps? It is important to keep the following six points in mind (Diagram 1‐6).

First, take the right steps to accurately analyze the situation. A strategy cannot be built overnight, nor is an idea enough to create a brilliant strategy. Normally, you must consider various elements and follow a complex thought process in order to end up with a functional strategy.

Of course, a standardized process does exist, a formula, if you will. It is important to go through these basic processes with care. Don't expect to get to a strategy by skipping these steps.

Diagram 1-6 Points in Creating a Functional Strategy

A formula for these processes and proper consideration is exactly what we want you to take away from this book. You can master the basics of strategy building by reading all of this book.

Use Frameworks and Concepts Wisely

We told you that frameworks and concepts can make or break a strategy. Meaning, frameworks and concepts can be great tools when utilized wisely. So how do we use them wisely? The key is to think for yourself by using these as hints.

Filling ...