Developing the Winning Strategy — 3 Most Influential Strategy Frameworks
One day, I was waiting in line for my morning office coffee, one colleague, usually frank and opinioned, patted my shoulder and asked: “So….. you are a strategy guy. What is strategy?”
Sensed that it could turned to a long and aimless debate of opinions from ancient China battleground to Silicon Valley boardroom, quickly I mumbled a few words: “Strategy is about the choices you make in the competitive setting”, then I vanished behind the office desks.
Yes, Strategy can be different things to different people. Strategy can be for war, government, industry, corporation, product, marketing plan, or for an individual. For a young mom, the strategy can be the approach to have her child eat more vegetable, less juice.
In the business world, the right strategy means the success or failure of substantial consequences. So when your superior assigns you to work on the next organization strategy, M&A or De-diversification strategy, product strategy, or supplier purchasing strategy, how you approach the strategy development? Any strategy tool you can use?
Whether you flip the realm of MBA books and seek one statement from the CEO, there isn’t an easy answer to develop the compelling strategy that people will support and rally behind it. It takes the years of…