Business Strategy

1. Strategic Planning Process
   1. Internal and External Analysis
      1. Internal Analysis
         1. Resources and Capabilities Assessment
            1. Human Resource Strengths and Weaknesses
            2. Financial Resources and Constraints
            3. Technological Capabilities
         2. Value Chain Analysis
            1. Primary Activities Evaluation
            2. Support Activities Evaluation
         3. Core Competencies Identification
            1. Uniqueness in Processes
            2. Innovation Capabilities
      2. External Analysis
         1. Environmental Scanning
            1. Macro-environmental Forces
               1. Economic Environment
               2. Political and Legal Environment
               3. Technological Trends
               4. Sociocultural Dynamics
            2. Industry Analysis
               1. Porter's Five Forces Model
                  1. Threat of New Entrants
                  2. Bargaining Power of Suppliers
                  3. Bargaining Power of Buyers
                  4. Threat of Substitute Products or Services
                  5. Competitive Rivalry Among Existing Companies
         2. Opportunities and Threat Identification
            1. Market Trends
            2. Emerging Competition
   2. Strategy Formulation
      1. Development of Vision and Mission
         1. Defining Purpose and Values
         2. Long-term Aspirations
      2. Setting Strategic Objectives and Goals
         1. Short-term vs. Long-term Objectives
         2. SMART Criteria (Specific, Measurable, Achievable, Relevant, Time-bound)
      3. Strategic Option Development
         1. Diversification
            1. Concentric Diversification
            2. Conglomerate Diversification
         2. Strategic Alliances
            1. Partnerships
            2. Joint Ventures
         3. Organic Growth Strategies
            1. Product/Service Innovation
            2. Market Expansion Tactics
   3. Strategy Implementation
      1. Organizational Structure Alignment
         1. Centralization vs. Decentralization
         2. Functional vs. Divisional Structures
      2. Change Management
         1. Managing Resistance to Change
         2. Building Change Coalitions
      3. Resource Allocation
         1. Budgeting and Financial Resource Distribution
         2. Human Resource Deployment
      4. Communicating the Strategy
         1. Internal Communication Channels
         2. Stakeholder Engagement
      5. Monitoring Progress
         1. Milestone Tracking
         2. Adjustments and Realignment When Necessary
   4. Strategy Evaluation and Control
      1. Performance Measurement
         1. Key Performance Indicators (KPIs)
         2. Balanced Scorecard Implementation
      2. Feedback Mechanisms
         1. Continuous Feedback Loops
         2. Regular Strategic Reviews
      3. Corrective Actions
         1. Identifying Deviations
         2. Implementing Changes to Strategy
      4. Strategic Control Systems
         1. Establishing Controls for Oversight
         2. Informational and Operational Control