Strategy Management Framework
Strategy development is the foundational work that an organization develops to guide to success delivering the defined Mission and Vision. It is an iterative process and living document. This framework tool sets out the key “buckets” to be addressed to create a comprehensive strategy. The Purpose and Values align to the Mission and Vision and are the overall umbrella for the strategic plan. To Formulate the strategy requires an assessment of both internal and external forces including the state of the world, the company and the industry. Threats and opportunities as well as market decisions like geographic scope and competitive advantage need to be deeply explored and decisions made regarding them. Then last part of the Formation is setting clear objectives and policies; that completes the WHAT. Implementation questions address the HOW. Resources including people and budgets are key for Implementation development. This tool provides an overview of all the considerations and flow of work to define a robust strategy.