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Strategy is Simple - Coggle Diagram
Strategy is Simple
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Before you can formulate a graet strategy, you need to first understand how your business works
- First you should create a business model, that visually captures how your business works. This model visualizes who your customenrs are, customer relationships, channels of delivery, your value proposition, key activities and resources, your key parters, cost structure and revenue stream. You could also include internal processes that enable customer experiences
- This is in turn will help you identify your business capabilities. Business capabilities are the building blocks of a business
- With a clear understanding of your business capabilities and your business model you will identify a major goal of your business
- Your next step would be to identify how you're going to achive this goal
You may have multiple options and choosing among those options is the essence of strategy/ The choice that you make depends on your business capabilities and you business model
- In formulating your your strategy it is as imoirtant to understand what not to pick as it is to understand what to pick
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Strategy is about
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planning follows later, and that's just a list of things to do
Michael Porter: Strategy is about making choices, trade-offs (компромисс); it's about deliberately (сознательном) choosing to be different.