OrganicGrowthStrategies

To create a rigorous corporate strategy, businesses must follow a strategy development process that starts with a collective set of beliefs around its business positioning and identified strategic challenges blue ocean strategy. The next steps include depicting what the desired vision of the organization is and then delving into the details of  planning how to get to that state. Proper strategy development involves more than a focus on maximizing profitability. Business strategy is about value innovation, growth strategy is about selectivity, and strategy is about flexibility. To properly gauge and analyze your strategic challenges, you must begin with a complete, end-to-end understanding of your situation.

After deciding on the overall blue ocean strategy, the next step is to determine the appropriate price point growth strategy. Pricing data is often difficult to gather. With the collected pricing data, the next step in the process is to make sense of the values. To better intuitively depict your pricing data, plot your price point, product sales, and calculated profit against market share on a price curve. It is important to record and be logical with any assumptions made. Determining the optimal price point involves a three phase process, starting with pricing data collection. Map out your pricing data to show the relationships among price point, market share, and product sales.

An important exercise used in growth strategy is scenario planning analysis blue ocean strategy. Scenario planning is used to help businesses plan for and make flexible future estate organizational restructuring growth strategy plans. An crucial activity in the growth strategy is defining the primary axes of uncertainty after building a 2-axis growth strategy. Oftentimes, the growth strategy is performed in a workshop environment, whereby key stakeholders, executives, subject matter experts, and third partyadvisors, are gathered in a 2 day off-site location to discuss on various future state situations. Scenario planning techniques is also called scenario thinking and scenario analysis.

We can say growth strategies is a process requiring creativity growth strategy. When we begin the strategy development process, the organization must generate insights, which involve making sense of incomplete data, seeing beyond the facts and generating additional presumptions. In developing a strategic response, the business often must solve new problems and connect unconnected dots. As we evaluate alternative strategic considerations, we must adapt our conventional points of view by inventing new solutions. If a simple PowerPoint would solve our problems in strategy development, then there would not be many opportunities for differentiating in the market place.

Source: http://learnppt.com/powerpoint/15_Growth-Strategy-Toolkit.php