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3 Frameworks to a Successful Business Strategy

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.

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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

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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Strategic Planning is an essential tool for organizations aiming to thrive in today's dynamic business environment. It's not just about setting goals--it's also about crafting a roadmap for sustainable success. For executives, understanding and effectively implementing Strategic Planning is crucial [read more]


 
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Many companies develop robust strategies, but struggle with operationalizing their strategies into implementable steps. This presentation from flevy introduces 12 powerful business frameworks spanning both Strategy Development and Strategy Execution. [Learn more]

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The Flevy Business Blog (https://flevy.com/blog) is a leading source of information on business strategies, business theories, and business stories. Most of our articles are authored by management consultants and industry executives with over 20 years of experience.

Flevy (https://flevy.com) is the marketplace for business best practices, such as management frameworks, presentation templates, and financial models. Our best practice documents are of the same caliber as those produced by top-tier consulting firms (like McKinsey, Bain, Accenture, BCG, and Deloitte) and used by Fortune 100 organizations. Learn more about Flevy here.
  


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