Wednesday, June 21, 2017

Critical Elements of Strategy Part 3

To begin thinking about critical strategic questions and become clearer about what you know and don't know about your organization strategy, ask yourself the following questions:
  1. How does our strategy give us competitive advantage for the future?
  2. What is the core ideology that describes who we are and what we are about?
  3. What are our 3 top business objectives for this year?
Here are the steps of the strategic design sequence that we will discuss in the future:
  • Analyze the business environment
  • Forecast the future
  • Create a core ideology
  • Define strategic direction
  • Define competitive advantage
  • Set goals
  • Create a master plan
 Until next time...

Sheryl Tuchman, SPHR, SHRM-SCP

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