Entrepreneurial Strategy- The Road to Success- StrategyDriven

Envisioning the road to success…

Hope is not a plan. Being a successful entrepreneur, corporate executive, division director, or department manager is not a given; it requires the skillful execution of deliberately developed strategic plan.

A company’s value is largely determined by its long-term performance potential as shaped by leadership’s decisions made today. These decisions guide the translation of the company’s vision and mission, its purpose for existing, into the products and services it provides and (hopefully) the market wants. The vehicle for this translation is the organization’s strategy.

A business’s overall strategy defines its purpose for being, what it will do to achieve that purpose, and how it will perform these tasks. The long-term strategy begins with the organization’s vision, mission, and goals as codified within a long-range (5 – 10 year) strategic plan. Annual business plans translate the long-term strategy into projects, initiatives, and milestone goals that are more tangible to employees and for which distinct daily activities can be planned.

Developing a business strategy requires a measure of both art and science. Organization leaders must understand the various marketplace environments within which their business operates and balance the often competing factors of each to achieve an optimal solution representing a viable economic opportunity. As the marketplace changes, the balance achieved will become upset; presenting leaders with both opportunities and obstacles to future success and necessitating adjustment and possibly replacement of the business’s strategy.

Focus of the Strategy Topical Area

Materials in the Strategy forums are dedicated to discussing the principles of successful strategy formulation within the following topical areas:

STRATEGY TOPIC

Strategic Planning

This forum focuses on the principles, best practices, and warning flags associated with the leading practices of companies that successfully execute strategic planning processes to define objectives, drive alignment, and enhance performance.

Additional Materials

Podcasts Whitepapers Models

STRATEGY TOPIC

Strategic Analysis

Materials in this forum are dedicated to discussing the leading practices of companies that successfully execute strategic analysis processes to support the ongoing strategic planning process.

Additional Materials

Podcasts Whitepapers

STRATEGY TOPIC

Alternative Development

Resources in this forum are dedicated to discussing the key principles and practices of developing high quality business cases from which organizational investment decisions can be made.

STRATEGY TOPIC

Alternative Selection

Resources in this forum are dedicated to discussing the principles and practices enabling leaders to most effectively choose those options aligned with the organization’s values and goals while offering a maximum value return to the organization and its stakeholders.

STRATEGY TOPIC

Resource Management

Materials in this forum are dedicated to discussing the leading practices of companies successfully executing a resource management program in support of strategic planning and tactical business execution.

STRATEGY TOPIC

Resource Projection

Materials in this forum are dedicated to discussing the leading practices of companies successfully executing a resource projection program in support of strategic planning.

Additional Materials

Whitepapers

STRATEGY TOPIC

Budget Development

Materials in this forum focus on the practices of effectively balancing the funding needs of ongoing operations with those of strategic initiatives; providing how-to guidance for holistically evaluating, deciding, and codifying the organization’s strategic one, three, five, and later year budgets.

STRATEGY TOPIC

Business Plan Development

Resources in this forum focus on the practices crafting a clear, concise, and frequently referenced business plan; providing how-to guidance for developing a holistic, meaningful roadmap used to guide organizational decisions and performance.

STRATEGY TOPIC

Succession & Succession Planning

Materials in this forum are dedicated to discussing the leading practices of companies that successfully execute succession and succession planning processes; maximizing the new entrant’s probability of success and the organization’s operational continuity.

Additional Materials

Podcasts

StrategyDriven Succession & Succession Planning Forum

STRATEGYDRIVEN ADVISORY SERVICES

Strategic Business Planning

StrategyDriven facilitates development of your organization’s strategic and annual business plans; translating your vision, mission, and goals into the near and long-term initiatives and operational activities that tangibly guide management decisions and day-to-day employee actions.

Our strategic and annual business plans become leadership’s playbooks, continuously used to drive achievement of company goals. After all, what good are business plans that simply sit on a shelf and gather dust?

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STRATEGY CONSULTANTS

StrategyDriven Experts

Headquartered in Acworth, Georgia, StrategyDriven provides advice from successful business owners, executives, and managers through affordable business consultations in Atlanta, the Southeast, throughout the United States, and around the World. Our world class advisors are recognized leaders in their chosen fields.

To learn more about StrategyDriven’s team of seasoned business executive contributors, click here.

Nathan Ives

Nathan Ives is a renown Fortune 500 business advisor and author of Discovering Business Gold, used to identify over $200 million in operational cost savings.

John Leonetti

John Leonetti, author of Exiting Your Business, Protecting Your Wealth, is the owner of Pinnacle Equity Solutions, an exit strategies firm specializing in exit strategy design and execution.

Nilofer Merchant

Nilofer Merchant is Chief Executive Officer of Rubicon Consulting, a strategy and marketing consultancy serving the world’s largest technology companies.

STRATEGY TOPICS

Our Latest Insights

Strategic Business Planning: Creating a Business Relocation Strategy

June 1, 2023

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Relocating your business and moving to new premises doesn’t have to be stressful. If you create a relocation strategy, you will find that you can manage to make the move and transition seamless and painless. Within your strategy, you will want to think about why a move is positive for your business, and what obstacles you may face.

What Are the 10 Economic Factors That Affect Your Business?

September 26, 2022

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As much as one might believe the success of their business solely relies on the work they put into their business, there are many outside sources that come into play. Inevitable economic factors, for instance, can make or break your company. Below are several examples of ways your business can be impacted by the state of the economy.

How to Uncover New Business Opportunities

July 5, 2022

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If you want to make a success of your business, you need to know when a good business opportunity is staring you in the face.

Focus of the Strategy Topical Area

Strategic Planning

Additional Materials

Strategic Analysis

Additional Materials

Alternative Development

Alternative Selection

Resource Management

Resource Projection

Additional Materials

Budget Development

Business Plan Development

Succession & Succession Planning

Additional Materials

Strategic Business Planning

StrategyDriven Experts

Nathan Ives

John Leonetti

Nilofer Merchant

Our Latest Insights

Strategic Business Planning: Creating a Business Relocation Strategy

What Are the 10 Economic Factors That Affect Your Business?

How to Uncover New Business Opportunities

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