Strategy Development BusinessHive.com 2014

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How to develop, formulate, bring to life strategy.

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Strategy Development BusinessHive.com 2014

  1. 1. What Is Strategy? Thinking & Actions To Achieve Your Goals! 1 A. Form The Strategy B. Build Strategic Thinking Into The Culture C. Keep The Strategy Alive & Present In All Things
  2. 2. Brain & Data Dump • Get Everything Trapped In Your Head Out • Explore Raw Data • Assumptions • Desires & Dreams • Get All Impacted & Committed Parties Sharing • From Old Data To New Thinking • Past Reports • Old Plans • Competitive Analysis • Market Research • Red Flags & Big Thinking • Talk With Many People/ Views On The Business/ Area Compile Into A Useable Document/ Resource Alignment • Talk About Dump Findings • Hold In Person Session – Organize Towards Strategy Formation • Discuss: • Vision • Mission • Goals • Strategies • SWOT • Tactics • Resources • Tools • Hammer It Out – Disagree, Agree, Compromise, Align • Prioritize • Walk Away Ready To Go Finalize Plan & Actions In Document & PowerPoint Bring To Life • Sum Up In One Page • Share With Whole Team – Gain Buy In & Align • Assign Owners & Leaders And Hold Accountable • Build Milestone Map & Calendar To Determine Success • Review Over Time & Adjust Base On Current Situation • Make It Part Of Culture • Reward & Recognize Individuals, Teams & Whole Organization On Successful Embrace & Living Strategy Hold Leaders Accountable, Check In, Adjust, Keep Moving Forward 1 2 3 Steps To Strategy Formation 2
  3. 3. Driver Result Performance Focus Customer Satisfaction Market Development Profitability Value Statement Requirements • People • Process • Passion Requirements • Delivery • Trust • Quality Requirements • Retention • Marketing • Sales Creates • Opportunities • Rewards • Growth Strategy Drives Profit and Value! 3

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