Align your organization’s day-to-day activities with your business model and strategy. Ensure that everything your people do is focused on the results that bring you closer to achieving desired outcomes.
The steps in a strategy development engagement include:
- Define your value proposition and design your business model
Start with the basics: how do you provide value – and to whom? How will you do it in a way that’s innovative, differentiating, profitable, and sustainable? Identify the essential elements of a business model that will deliver the results you desire.
- Develop your strategy map
Depict your strategy in a one-page picture that efficiently communicates your strategic imperatives to your employees and stakeholders.
- Develop your strategic plan – including goals, strategies and tactics.
Decide how you will test and refine your business model over the next 3 – 5 years. Capture this plan in a living document (a new kind of strategic plan) that will guide you and your team through this dynamic and exciting process.