Formulate a strategy

Question 1

5 Steps

Answer 1

1. build on the vison
2. focus on top level objectives
3. plan your attack, choose the battle field
4. reality check: does the model stand
5. build the strategic framwork

Question 2

Step 1:

Answer 2

a. offerings & value proposition
b. industry sector
c. customers & market

Question 3

Step 2:

Answer 3

a. What’s the strategy for? –> name a business objective
b. explain how the firm achieves objectives (private industry -> increase values -> by earning profit)
c. mission statement

Question 4

Step 3:

Answer 4

a. differentiation
b. cost leadership

Question 5

Step 4:

Answer 5

a. ready to “go to market” after validated w/ quantitative business model

Question 6

Step 5:

Answer 6

Focus on the objectives