A strategy process is a structured and methodical approach where the company collects and processes knowledge that forms the foundation of the final strategy.
MakeMyStrategy™'s founder Sanne Markwall has many years of practical experience as a strategy manager, CEO, strategist and consultant and below are the topics that a strategy process should include based on many years of experience.
A sharp strategy process should include:
1. Overview of the company's current situation, including
- description and assessment of the external and internal conditions affecting the undertaking,
- an overview and prioritisation of the main strengths, weaknesses, opportunities and threats,
2. Strategic opt-outs ensuring focus, including concrete transformation of priority strengths, weaknesses, opportunities and threats to change needs
3. Clear direction ensuring competitiveness and the foundations for growth, including
- vision
- mission
- values,
- SDGs,
4. Concrete action, including
- activity plans divided into 3-5 themes,
- time spent on activities and priorities,
- practical management tools,
- detailed strategic plan documenting the decisions to the 3rd man
5. Execution plan (which is a large independent task)
With MakeMyStrategy™ we completed the task faster and on our own.
Christian Thing
Board of DirectorsLiving Better