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STRATEGY (Vision (Clear vision statement is (Specifying industry domain,…
STRATEGY
Vision
Gives direction
Promotes motivation
Innovation
Clear vision statement is
Specifying industry domain
Geographic Scope
Setting aspirations
PEST analyses
Political
political stability
Risk of nationalization
Empolyees, Ecology, Industrial regulations
Economic
Government intervention
Exchange rates
Inflation Rate
Social
Class structure
Culture
Demographics
Technological
Recent developments
impact on cost structure
Impact on value chain structure
Modern strategy (change of approaches)
Adaptive advantage
Data análisis revealing market signals
Image in a wider context
Being alive to social change, shifting customer preferences
drawing on talents of the best people
Experimentation
Mission
Core activity of the business
Objectives
what it takes to reach them
Types of strategical thinking
Long-term vision