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STRATEGY DEVELOPMENT - Coggle Diagram
STRATEGY
DEVELOPMENT
5.1 ALIGNING VISION, MISSION, VALUES, GOALS
AND STRATEGY
VISION AND STRATEGY DEVELOPMENT
MISSION
VALUES
GOALS
LEADERSHIP AND MANAGEMENT ROLES IN
STRATEGIC ALIGNMENT
5.2 STRATEGIC DRIVERS AND CONSIDERATIONS
STRATEGIC DRIVERS
OPERATIONS
ORGANISATION AND PEOPLE
PRODUCTS, SERVICES AND MARKETS
Product and Service Key Success Factors
Key Success Factors for New Market Development
THE INTERACTION OF DRIVERS AND LEVERS
5.3 EVALUATING THE STRATEGIC OPTIONS AND DETERMINING THE STRATEGIC FIT
VALUE/EFFORT ASSESSMENT
The Four Quadrants
WEIGHTED CRITERIA EVALUATION TOOL
Explanations for Evaluation Criteria
EVALUATION USING BUSINESS ANALYTICS
5.4 RISK ASSESSMENT
RISK MANAGEMENT FRAMEWORK
Step 1: Identify Risk Issues
Step 2: Determine Possible Causes
Step 3: Determine Possible Consequences
Step 4: Determine Current Likelihood
Step 5: Determine Risk Rating
RISK TREATMENT
RISK ASSESSMENT USING BUSINESS ANALYTICS
QUANTIFYING COSTS AND BENEFITS
What-if’ Analysis
Cost–Benefit Analysis
TIMING RISKS
5.5 INTEGRATING STRATEGIC OPTIONS
EVALUATING STRATEGIC OPTIONS USING
RUMELT’S CRITERIA
External Consistency
Internal Consistency
Feasibility
Competitive Advantage
5.6 FINALISING STRATEGY DEVELOPMENT
SETTING KEY PERFORMANCE METRICS
Metrics Control and Contingencies
Metrics and Performance
REVIEWING THE STRATEGY