Contenu connexe Similaire à STRATEGY: Providing Focus for Businesses (20) Plus de The Pathway Group (20) STRATEGY: Providing Focus for Businesses 2. The Strategic Planning Process
1. STRATEGIC ANALYSIS
2. STRATEGIC CHOICE
3. STRATEGIC IMPLEMENTATION
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3. FOCUS
The biggest problem companies face is a lack of focus.
This is usually down to not an effective strategy in place.
Instead of committing to a strategic analysis, they focus on
choice and implementation. Even if they are presented with a
ready-made analysis, they often do not have the courage to
follow through.
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4. What Does a ‘Lack of Focus’ Mean?
A lack of focus occurs when companies fail to understand the
nature of their own business. Including their:
Core competences
Strongest products/ services
Market segments (with the greatest potential)
International markets
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5. The ‘Essence’ of a Company
Surprisingly, many business owners struggle to describe the
‘essence’ of their company in layman’s terms.
This stems from an ‘inside-out’ perspective’, where companies
only focus on what they sell, as opposed to the outcome.
Customers these days are not stupid; and are quick to
understand when they are being blatantly sold to.
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www.tcipathway.co.uk
6. Getting the Essence of a Company,
Right
Focus on an ‘outside-in’ perspective.
Connect with the audience.
Make your product/ service descriptions customer and
solutions orientated.
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www.tcipathway.co.uk
7. Comparing Both Perspectives
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Inside-Out Outside-In
We sell software based upon
proprietary programming that
incorporates Java
programming that uses RSx
technology that offers optimal
memory utilization. We sell
our software to a diverse
range of customers such as
surveying, construction
companies, road builders, and
waste management
companies.
Our software enables users to
move and bury dirt optimally.
8. How Do You Become Focused?
1. Knowledge (strategic analysis)
2. Courage (strategic choice)
3. Discipline (strategic implementation)
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www.tcipathway.co.uk
9. An Example: The Misguided Approach
Putting the Cart, Before the Horse: The Corporate 5
• Vision: Your picture of the future
• Mission: Your objective for the company
• Purpose: Why your company exists
• Plan: A set of actions that need to be taken
• Goals: How progress against the above will be
measured
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www.tcipathway.co.uk
10. An Example: The Misguided Approach
Putting the Cart, Before the Horse: The Strategic 5
• What business should you be in?
• How do you add value to it?
• Who are your target customers?
• What are your value propositions?
• What capabilities are essentials for the value
of your business?
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www.tcipathway.co.uk
11. Inspired by Richard Rumelt
Author of ‘Good Strategy/ Bad Strategy’
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www.tcipathway.co.uk
12. Everything starts with a conversation, so let’s talk:
Safaraz Ali
Linkedin: https://uk.linkedin.com/in/safaraz
Twitter Handle: @SafarazAli
Tel: 0121 707 0550
Copyright © 2017 TCI Pathway
www.tcipathway.co.uk