The strategy pyramid:
Strategy is how a company achieves its goals by deploying its scare reosurces to gain a sustainable competitive advantage.
Your strategy will set out ho you plan to allocate your firms scarce resources to meet your goals and objectives. These resources are essentially your assets.. your people, physical assets, and cash. How will you allocate - or - invest - these resources to optimal effect?
The above framework provides building blocks of a good strategy plan. The building blocks are:
1. Knowing your business
2. Setting your firm's goals and objectives
3. Forecasting market demand
4. Gauging industry competition
5. Rating your firm's competitive position
6. Targeting your firm's strategic gap
7. Bridging the gap: business strategy
8. Bridging the gap: corporate strategy
9. Addressing risk and opportunity
There are various tools available for each of the building blocks. Put together this can be a comprehensive business plan.
