OrganicGrowthStrategy
From GunGame5 Documentation
To develop a robust business strategy, organizations must perform growth strategy that starts with a clear set of beliefs around its current situation and identified strategic challenges blue ocean strategy. The next steps , on a high level, include forming what the future vision of the company is and then going into the details of strategically planning how to achieve that state. It is also important to realize that there is more to strategy than just winning. Business strategy is about value creation, growth strategy is about selectivity, and growth strategy is about business agility. In order to understand your strategic challenges, you must begin with a complete, end-to-end understanding of your situation.
After deciding on the primary blue ocean strategy, you now need to determine your price point growth strategy. Pricing data is often difficult to gather. After you collected pricing data, your next step is to make sense of the numbers. In order to better intuitively depict your pricing data, plot your price point, expected revenue, and expected profit against market share against a price curve. It is critical to carefully organize and be logical with any assumptions made. The pricing strategy initiative approach involves a three phase process, starting with gathering pricing and related data points. Map out your pricing data to show the inter-relationships between price point, market share, and sales.
A great tool used in strategic planning is scenario planning techniques blue ocean strategy. It is used to help businesses plan for and make flexible long term corporate growth strategy plans. One crucial task in the growth strategy is defining the primary axes of uncertainty after building a 2-axis growth strategy. Usually, the growth strategy is performed in a workshop environment, whereby decision makers, executives, subject matter experts, and third partyadvisors, are gathered in a 2-3 day off-site conference to deliberate on numerous future state scenarios. Scenario planning is also called scenario thinking and scenario planning analysis.
It’s hard to argue that strategy development is a creative process growth strategy. In the initial stages of the strategy development process, executives must generate insights, which involve making sense of vague facts, looking beyond the obvious and generating unconventional insights. In developing a strategic response, the business often must solve never before seen problems and connect unconnected dots. As we evaluate additional strategic considerations, we must adapt our conventional perspectives by inventing new products. If a simple PowerPoint would do the trick in growth strategies, then there would not be much opportunities for setting us apart in the market.
Source(s): http://learnppt.com/powerpoint/15_Growth-Strategy-Toolkit.php
