Strategy Formulation and Implementation
PolStrat works with its clients
to formulate a corporate business strategy following a 5-step
process:
(1) Goals
First, an organization needs to have an
explicit goal. An implicit goal is not good enough.
(2) Scope
Goals (Vision, Mission) drive product/market
scope. It's about which products or services to offer in which markets.
(3) Competitive Strategy
Competitive strategy is needed to convert a
market opportunity into a successful performance. The competitive strategy
indicates how to compete in its product/market space.
(4) Internal Arrangements
Internal arrangements cover the organization
structure, systems/processes (rewards, performance evaluation etc.),
leadership, and corporate culture.
(5) Operations
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