Lessons learned strategy - s4
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The document discusses key lessons learned from a business strategy course. It presents a strategy framework that includes context, strategy, action, and results. For context, it examines the broad environment, industry, and firm. For strategy, it considers ends like mission and vision, and means like capabilities and value proposition. Actions are required to carry out the strategy. Results from each action should be monitored and fed back into future strategic work.
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- 1. Lessons Learned Business Strategy
- 2. Disclaimer This is not intended to be a condensed outline of the course, but simply what I took as key takeaways. In some courses there are many areas discussed that aren’t contained in these slides, as they are items I was already familiar with and didn’t feel the need to document or felt they wouldn’t be useful to me in my current career. I think of these as my “cheat sheet” of material that can help me in my current & future roles and are DRAFT…like Google’s Beta are subject to change – Matt Crane Johnson, Peter (Eli Lilly and Company). (2010). Course presented on Business Strategy. Miami University, Oxford & Cincinnati, OH.
- 3. Strategy Framework Context Strategy Action Results
- 4. Strategy Framework - Context What context are we operating in, Context specifically: Broad Environment Strategy - if Environment changes, how will that impact Industry/Firm Action Industry - Porter’s 5 Forces Firm Results *both current and future
- 5. Strategy Framework - Strategy What are the: Context Ends - Mission - Vision Strategy - Values - Goals Means Action - Capabilities/Resources - Value prop - Scope - Value chain Results Organizational Architecture (culture) - Process - Structure - Incentives
- 6. Strategy Framework - Strategy Context Strategy What Actions are required to carry out the Strategy outlined in the previous slide. Work Action only on those actions that move the Strategy forward and Report on the Results. For each Action results should be monitored Results as well as the conclusion in order to feed into future Strategic work.