Development of Strategy Waves
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| One Day Workshop |
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| Using ‘strategy waves’ to build strategic clarity |
Organizations can view the development of their strategy over time as a series of cycles or ‘strategy waves.’
Strategy waves chart the progression of strategic thinking and help give clarity to necessary action plans.
A particular strategy (’S1’) can take you so far in terms of organization growth. However if you stick with the same strategy for too long, growth will plateau and eventually decline. Effective strategy management is a process of constantly evaluating and applying new strategies. (’S2, S3’).
By explicitly understanding these waves we can separate different elements of our strategy and determine where our future growth will come from.
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| The benefits of strategy wave thinking |
Strategy waves give clarity to how strategy is evolving. By developing strategy in ‘waves’ you can easily see the discrete components of overall strategic direction. You can more effectively allocate resources between waves and can determine budget expectations from each of the chosen waves.
‘Waves’ help communicate strategy more effectively within the organization.
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| Typical programme |
- The end to end process of strategy development and implementation
- Typical business models for strategy development
- Porter’s 5 forces; core competency model, parenting etc.
- What are strategy waves?
- Chemical company case study
- Using the ‘Boston Grid’ to develop waves
- Building a financial model for strategy forecasting
- Strategic resource allocation
- Applying strategy waves in your organisation
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| What will you learn |
- The 5 steps in strategy planning and implementation
- Approaches for assessing market attractiveness
- How to determine opportunities for business growth
- How to describe your strategy in clear ’waves’
- How to create a financial model to support your strategic planning
- Aligning resources to strategy ‘waves’
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| Who should Attend |
- CEOS and business unit heads
- Strategic/corporate planners
- Finance executives
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Contact us at fste@qaiasia.com for more details on consulting, training, and other related services in the area of Strategy Development & Execution. |
