5 of the Most Powerful Strategy Business Frameworks
These time-endured business frameworks will add to your toolkit and give you a strong understanding to formulate and execute better business strategies. We help you choose a strategy framework that best fits your business needs.
FRAMEWORKS
AT A GLANCE
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While a strategic planning model describes each of the elements of a coherent strategy - what they do, how they fit together and in what order - A strategic planning framework refers to the conceptual approach you will bring to populating your strategic plan​. Frameworks are essentially methodologies that you can apply to help you come up with your goals, as well as categorize your goals to ensure they’re balanced and will meet your needs. You may use many frameworks within a model to achieve specific objectives.
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Do you use the right frameworks or combination of frameworks in your process? If not you could be at significant risk. Scroll down ... Have a read, then contact us
PEST Analysis
Similar to the SWOT analysis except PEST's primary focus is on external factors and solutions connected to your business’s success.
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Political: Taxes, trade tariffs, conflicts
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Economic: Interest, inflation, growth patterns
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Social: Demographics, education, media
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Technological: Communication, IT, R&D ...
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Legal: Regulatory, consumer protection ...
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Environmental: Climate, location ...
VRIO Analysis
Designed to help evaluate competitive advantages by examining your resources 4 ways:.
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Valuable: Will your resources create value ?
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Rare: Are the resources rare and a differentiator?
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Inimitable: Are your resources unique?
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Organization: Are your resources organized for value, rarity, and inimitability?
Balanced Scorecard
We take a holistic approach well beyond only looking at financial performance that includes
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Customers satisfaction and retention
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Financial performance
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Internal workflow - quality and efficiency
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Organizational effectiveness - culture, infrastructure, technology, and people
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The output is an outline of your mission, vision, and values providing knowledge to making the right decisions to implement your strategy/plan.
Objectives & Key Results
Designed to help your organization set and achieve goals. It provides an holistic approach that's used to connect your team’s work to your organization’s big-picture goals. When team members understand how their individual work contributes to the organization’s success, they tend to be more motivated and produce better results and successful Strategy implementation.
