Strategy planning is often vaguely defined and even more vaguely followed. In this video, we'll explore the 6 steps for strategy planning that organizations must follow, implicitly or explicitly:
Presented by Kut Akdogan, Partner at Gaussian Holdings.
Click here for the next video in this series.
Leaders all agree that strategy is critical to success, but are sometimes unclear on the definition of a strategy or what it takes to make one.
In this video we'll outline how across all the definitions from management consultancies, academia and business journals, strategy is defined. What's critical in that definition?
For more information on the hallmarks of a successful strategy, see our video Elements of Good Strategy.
Any process to put together a strategy must inevitably follow six steps, often in the following order.
These steps are occurring explicitly or implicitly in every strategy planning process. They may occur in a cycle. For instance, every year in the case of annual strategy planning.
In the following series we'll quickly look at each of these steps in a short one to two minute video.
For more resources or services for establishing a best practice strategy process at your organization, contact us here or shoot us a note by email or on LinkedIn.
Many companies work with us to achieve the best practices and outcomes mentioned in this article. Our services focus on clients' most pressing opportunities and challenges, no matter the industry.
Identify and prioritize growth opportunities based on external and internal data and best practices
Build a defensible, incremental plan to expand into new markets and locations