What is a PEST Analysis?
A PEST analysis is a commonly used tool that helps organisations to understand things that are happening in the external environment. This is a very important part of the strategy…
What is the Difference between Purpose, Values, Mission & Vision
Your purpose, values, mission and vision play an extremely important role in strategy development and in shaping the culture of your organisation. There is, however, often confusion about what these…
What is Mission Statement and How Do You Create it?
A Mission Statement is an integral component of your business’s overall strategic plan. A mission statement set out the aims, philosophy and values of an organisation, describing what business the…
What are Strategic Activities?
Strategic activities are actions, projects and other activities that are designed to generate outcomes that ultimately lead to attaining objectives, goals and eventually to achieving the organisation’s vision. As can be seen…
Refine the Emerging Strategy
Once the strategic information has been analysed and the strategy model has been created it is time to review and refine it. This review is especially important after the first…
Create the Strategy Model
The creation of the strategy model is an integral part of the overall strategy creation process as shown in the diagram. It works specifically on identifying the key issues and…
Analysing the Strategic Data
The ‘strategy maps’ that are generated can often become very complex with a large number of statements linked together in many different ways. Strategy development is inherently complex so accepting this…
What are Strategy Workshops?
Strategic Workshops are meetings that are designed to encourage a group of key people in your organisation to contribute their ideas, issues, opinions, etc. regarding the strategic direction of the…
How many Strategy Workshops should be held?
While it is possible to run only one strategy workshop to uncover a basic strategic direction for the business, it is more common to run multiple workshops in order to…
Why should Strategic Interviews be used?
It is important to understand when it is more appropriate to use strategic interviews rather than using strategy workshops. Both Interviews and Workshops are effective in different situations so it…