Editor's Note: If you are interested in becoming an expert on Strategy Development, take a look at Flevy's Strategy Development Frameworks offering here. This is a curated collection of best practice frameworks based on the thought leadership of leading consulting firms, academics, and recognized subject matter experts. By learning and applying these concepts, you can you stay ahead of the curve. Full details here.
3 Frameworks to a Successful Business Strategy
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What is our strategy? This is a critical question every organization needs to answer. Strategy drives the company’s vision and course of action; and is what leads to its competitive advantage over others.
The core of any strategy is about making choices of where to play and how to win, supplemented with a “why” (the mission) and the “how” (doing it). Below, we have 3 must-have frameworks to Business Strategy Development.
Strategy Development Methodology
https://flevy.com/browse/business-document/strategy-development-methodology-264
This is a detailed guide to Strategy Development, covering strategy concepts from military strategists (Sun Tzu’s Art of War) to modern day strategy development thought leaders (Mintzberg and Bower). It breaks down a 3-phase approach to Strategy Development, including hierarchical challenges, activities, and deliverables.
Guide to Business Strategy Design
https://flevy.com/browse/business-document/business-strategy-development-375
This framework explains the 12 elements in business strategy formulation and provides a powerful and effective strategy framework for any business to check the health of each element to give a good audit of the business strategy.
Formulating a Breakthrough Strategy
https://flevy.com/browse/business-document/formulating-a-breakthrough-strategy-598
What if you could develop a “breakthrough” strategy? This roadmap document condenses the top notch methodology that will produce a high caliber breakthrough strategy. It is focused on the strategy formulation process.
SEE ALSO: https://flevy.com/blue-ocean-strategy
Looking for something else? Check out these resources:
51-slide PowerPoint presentation
Summary: This document provides a framework to design your business strategy.
A key question that every business needs to able to answer is "What is our strategy?"
'Strategy' is part of everyday business language and is often used in the wrong context (e.g. 'Operational [read more]
Want to Achieve Excellence in Strategy Development?
Gain the knowledge and develop the expertise to become an expert in Strategy Development. Our frameworks are based on the thought leadership of leading consulting firms, academics, and recognized subject matter experts. Click here for full details.
"Strategy without Tactics is the slowest route to victory. Tactics without Strategy is the noise before defeat." - Sun Tzu
For effective Strategy Development and Strategic Planning, we must master both Strategy and Tactics. Our frameworks cover all phases of Strategy, from Strategy Design and Formulation to Strategy Deployment and Execution; as well as all levels of Strategy, from Corporate Strategy to Business Strategy to "Tactical" Strategy. Many of these methodologies are authored by global strategy consulting firms and have been successfully implemented at their Fortune 100 client organizations.
These frameworks include Porter's Five Forces, BCG Growth-Share Matrix, Greiner's Growth Model, Capabilities-driven Strategy (CDS), Business Model Innovation (BMI), Value Chain Analysis (VCA), Endgame Niche Strategies, Value Patterns, Integrated Strategy Model for Value Creation, Scenario Planning, to name a few.
Learn about our Strategy Development Best Practice Frameworks here.
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Frameworks are powerful tools Strategy Consultants leverage to address their clients' business issues in an organized, thorough, and efficient fashion.
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