May the 5 forces be with you

STRATEGIC PLANNING – COMPETITOR ANALYSIS – PORTER 5 FORCES MODEL One very effective way for evaluating the competitive situation of an industry is to use the 5 (or 7) forces screening of Michael Porter. He published his book 25 years ago and it became a...

Strategic planning – 3

CREATING A STRATEGY – INFORMATION COLLECTION Its a tedious process but the information is required for the next steps – can’t be avoided. Not having certain pieces of information results in guessing or including expectations based on guts feeling –...

Strategic Planning – 2

CREATING A STRATEGY – VISION & MISSION Below is a visualization of the strategy creation process. It starts with all participants of the creation process getting an aligned view on how the future will look like. As long as each individual has an own opinion,...

Strategic Planning

STEP-BY-STEP STRATEGIC PLANNING   Yes, yes many ways have been described and also many lead to a successful strategy (many also don’t). But can’t harm repeating it. My explanations are based on the methodology of David Jobber. He calls it Marketing Plan. No...