General
General concepts relating to strategy.
Strategy
Strategy is the art of making decisions; it is an art of choice.
Vision
A vision is a statement that describes how the organizations sees its future.
Mission
a mission is a statement that defines the purpose of an organization and its reason for existence.
Goal
A goal is a broad and overarching target an organization wants to achieve in the long term.
Problem
A problem is an issue or challenge an organization faces that prevents it from achieving its goals.
Objective
An objective is a specific, measurable, and time-bound goal.
Intitiative
An initiative is a specific action or project an organizationtakes to achieve a particular goal.
Tactic
Tactics are specific actions or steps an organization takes to achieve its goals and objectives.
Actions
Actions are the specific steps or activities that individuals or teams take to implement tactics.
Problem vs. Goal
A problem and a goal are two distinct concepts in a strategic context.
Vision or Mission
Both vision and mission statements are important components of an organization's strategy.
Frameworks
OKRs
OKRs are a goal-setting framework businesses use to set and track progress toward strategic objectives.
OGSM
The OGSM framework is a strategic planning tool that provides a structured approach to setting clear and achievable objectives.
Blue Ocean Strategy
Blue Ocean Strategy is a concept that refers to creating new markets or uncontested market spaces, making the competition irrelevant, and creating new demand.
Kernel Of Strategy
The Kernel of Strategy framework for strategic decision-making revolves around three core components - the diagnosis, the guiding policy, and the coherent actions.
Balanced Scorecard
The Balanced Scorecard is a strategic management tool to align business activities with the organization's mission and vision.
Generic Competitive Strategies
Generic Competitive Strategies is one of the most influential frameworks for developing a successful competitive strategy.
Tools
Pareto Principle
The Pareto Principle, or the 80/20 rule states that roughly 80% of effects come from 20% of the causes.
SWOT Analysis
SWOT analysis is a powerful tool businesses use to analyze and evaluate their internal and external environment.
7S Model
The 7S model is a framework for analyzing and improving organizational effectiveness.
Five Forces
Porter's Five Forces Model is a framework that helps businesses understand the competitive forces within their industry.
