LPM 5.0

How do you formulate an enterprise strategy?

There are various inputs to the formulation of an enterprise strategy. SAFe has prescribed as what you see on figure-1.

Figure-1

My favorites are:

1) Distinctive competence – Strategy naturally leverages distinctive capabilities, the unique advantages — strengths — that differentiate this business from others, and provides a competitive edge.

2) Competitive environment – Competitive analysis identifies the most significant competitive threats to the business.

How?

First, do a SWOT analysis… what are your enterprise‘s internal Strengths, and Weaknesses; what are the external opportunities and threats? Find those.

Then do TOWS analysis — a tool that helps you strategize.

TOWS analysis

Then, for this example, threat-strength strategies, find the strategy that will use your strengths to overcome/avoid threats.

That’s it!

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