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Business Strategies Mind Map - Coggle Diagram
Business Strategies Mind Map
3. Strategic Analysis Tools
SWOT Analysis
Strengths, Weaknesses, Opportunities, Threats
1. Definition of Business Strategy
Long-term plan to achieve business goals
Alignment with company vision and mission
2. Types of Business Strategies
Corporate Strategy
Overall scope and direction
Growth, stability, retrenchment
Business Unit Strategy
Competitive positioning
Differentiation, cost leadership, focus
Functional Strategy
Departmental plans to support business unit strategy
Marketing, finance, HR strategies
4. Strategic Planning Process
Environmental Scanning
Internal and external analysis
Strategy Formulation
Setting objectives and choosing strategies
Strategy Implementation
Resource allocation and execution
Evaluation and Control
Monitoring performance and making adjustments
Vision and Mission
Defining purpose and direction
5. Competitive Advantage
Cost Leadership
Producing at lower cost
Differentiation
Unique products/services
Focus Strategy
Targeting specific market segments
6. Innovation and Sustainability
Incorporating new technologies and practices
Sustainable business practices
Long-term value creation
Incorporating new technologies and practices
. Global Strategies
7. Globalization
Expanding into international markets
Localization
Adapting strategies to local markets
Transnational Strategy
Balancing global efficiency and local responsiveness
8. Digital Transformation
Integration of digital technologies
Enhancing customer experience
Improving operational efficiency
9. Risk Management
Identifying and mitigating risks
Contingency planning