#61 Strategy check: How to put your company to the strategic test
This episode was recorded in German.
Why a regular strategy check mattersIn a fast-moving business world, it's essential to review and adjust your company strategy on a regular basis. The StrategyFrame strategy check gives you a systematic method for assessing and improving the effectiveness and relevance of your strategy.Step 1: Gather all relevant informationThe first step is to collect all relevant company documents: business plans, market analyses, financial reports and customer feedback. This information forms the basis for a detailed analysis.Step 2: Map it to the StrategyFrame modulesNext, you assign this information to the various modules of the StrategyFrame. This process helps you get a clear picture of your current strategy across areas such as market position, product innovation and operational efficiency.Step 3: Rate each module with the traffic light systemThen rate every module using the traffic light system: green for areas that work well, yellow for areas with room for improvement and red for areas that urgently need rework. This rating lets you identify strengths and weaknesses quickly.Step 4: Develop an action planBased on the traffic light rating, you develop an action plan. It defines specific measures to improve the areas rated yellow or red and sets owners and deadlines.Conclusion: Continuous adjustment for long-term successA strategy check shouldn't be a one-off event. Treat it as part of a continuous improvement process. Regular reviews and adjustments are what allow you to respond to market changes with agility and secure long-term success.
SHOW NOTES
Free webinar: Strategy Check 2024, January 17, 2024, 5 p.m.Free 30-minute 1:1 strategy check with Christian Underwood
Christian UnderwoodProf. Jürgen Weigand
StrategyFrameBook "Hope Is Not a Strategy"Podcast "Hope Is Not a Strategy"