{"id":6309,"date":"2020-02-07T07:07:11","date_gmt":"2020-02-07T12:07:11","guid":{"rendered":"http:\/\/flevy.com\/blog\/?p=6309"},"modified":"2021-10-27T19:03:45","modified_gmt":"2021-10-28T00:03:45","slug":"the-science-of-strategy-selection-whats-the-best-framework","status":"publish","type":"post","link":"https:\/\/flevy.com\/blog\/the-science-of-strategy-selection-whats-the-best-framework\/","title":{"rendered":"The Science of Strategy Selection: What’s the Best Framework?"},"content":{"rendered":"

There are literally 100s of Strategy frameworks. In our Strategy Development Stream<\/a> alone, we have 60+ frameworks available.<\/p>\n

\"\"<\/p>\n

With so many tools available, it can be difficult to determine what the right approach is for our organization.\u00a0 When selecting the appropriate strategic approach, there are numerous important considerations for us to evaluate, including\u00a0Corporate Culture<\/a>,\u00a0Organizational Structure<\/a>,\u00a0Leadership Style<\/a>,\u00a0Competitive Positioning<\/a>, and\u00a0Core Competencies<\/a>, to name a few.<\/p>\n

To help us with this process of Strategy framework selection, let\u2019s take a look at the\u00a0Strategy Framework Canvas (SFC)<\/a>. The SFC is a unifying choice framework that guides us in selecting the appropriate strategy for the circumstances at hand and execute it effectively. This model is particularly useful for large organizations that are now stretched across a more diverse and faster-changing range of business situations.<\/p>\n

SFC identifies 5 distinct archetypal approaches to strategy:<\/p>\n

    \n
  1. Classic<\/li>\n
  2. Adaptive<\/li>\n
  3. Visionary<\/li>\n
  4. Leader<\/li>\n
  5. Renewal<\/li>\n<\/ol>\n

    \"\"<\/a><\/p>\n

    Classic Strategy<\/b><\/p>\n

    The Classic approach is the most common approach. In this situation, the market is predictable, basis of competition is stable, and strategy is sustainable.<\/p>\n

    Classic strategy is achieved through sustainable\u00a0Competitive Advantage<\/a>\u00a0by positioning our organization optimally in an attractive market. Since the basis of Competitive Advantage within these environments is known and non-malleable, advantage can be based on superior scale, differentiation (or, equivalently, scale within a narrower market segment), or superior capabilities.<\/p>\n

    The most well-known Strategy frameworks are the Classics, such as:<\/p>\n