Nobody in the business world tell you how business
strategy is ultimately chosen. The golden rules remained unspoken for long
time. Let me unearth these rules for you to enable you to craft effective
business strategy:
Rule
number one
Delve deep
into underlying relationship of all factors on the table: searching for new and
existing elements, surveying individual elements, setting how these elements go
for backward or forward integration, setting patterns and trends in order to
understand connection and relationship are some of the processes performed by a
consummate business strategist. More often than not, a business strategist
lands on a crucial connection between the factors that have never been
perceived to exist previously.
Rule
number two
Recognize
the real issue at hand. Clear the smokescreen, separate chaff from the
wheat, isolate recurring issues, identify real issues from the fake ones. An
accomplished business strategist moves in tandem by listing all necessary variables
even checking on for un-fathomed ones, identifying most important or critical
variables and go deeper into find out how these could be examined to bring
about resolution of the matter at hand and finally perch on the ground shaking
factor that can make business strategy a breakthrough one.
Rule
number three
Selection of
the right business strategy is the final embodiment of success for any
business strategist. Zooming on right strategy
requires finding out how the business concept gets woven around all the
activities of the firm such as creating, delivering and capturing value for firm.
This business concept acts as an over-awning arch and eggs on the employees,
management, owners, partners, customers and other stakeholders of a firm to work
in fulfilment of the business concept framed already.
Cheers!
Muthu
Ashraff Rajulu
Business Strategist
Mobile: + 94 777 265677
E-mail: cosmicgems@gmail.com
Blog: Business
Strategist
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