Business Mastery for Entrepreneurs – Part 25: What is the Best Strategy for Your Business? – Tool XVIII – Renewal Business Strategy

In today’s article I will share a brief introduction to the renewal approach to strategy and show when you should use this strategy.  Why do we need a renewal approach to strategy? Because we live in a world of faster change, raising the likelihood that a company’s approach to strategy will become mismatched to the changing environment. It is so […]

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Business Mastery for Entrepreneurs – Part 24: What is the Best Strategy for Your Business? – Tool XVII – Adaptive Business Strategy

What is the best strategy to build and maintain a successful company? The answer depends on your industry and environment and usually consist of more than just one approach. Depending on your needs you might want to adopt different strategies to be able to respond to changes in your industry and environment fast enough to […]

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Business Mastery for Entrepreneurs – Part 23: What is the Best Strategy for Your Business? – Tool XVI – Classical Business Strategy

When is the classical approach to strategy the right choice for your company? In their book, Your Strategy Needs a Strategy, Martin Reeves and his co-authors,1 emphasized the importance of the classical approach to strategy for established and larger companies. A great summary of their work can be found in the Harvard Business Review2 or in the Boston […]

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Business Mastery for Entrepreneurs – Part 22: What is the Best Strategy for Your Business? – Tool XV – Strategy Palette

What is the best strategy to build and maintain a successful company? The answer depends on your industry and environment and usually consist of more than just one approach. Depending on your needs you might want to adopt different strategies to be able to respond to changes in your industry and environment fast enough to […]

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Business Mastery for Entrepreneurs – Part 21: How to Develop the Best Strategy for Your Business – Tool XIV – MoSCoW Analysis

In today’s blog post, I will share another useful business tool, the MoSCoW analysis. What is the MoSCoW analysis? The MoSCoW analysis is a popular prioritization technique for managing requirements and used in business analysis or project management. The purpose is to reach a common understanding with stakeholders on the importance they place on the delivery […]

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Business Mastery for Entrepreneurs – Part 20: How to Develop the Best Strategy for Your Business – Tool XIII – Critical Success Factors

In today’s blog post, I will share another great business tools, the Critical Success Factors (CSFs).  What are Critical Success Factors? These are factors that will determine your companies success or failure. For example, sometimes it can be hard to get everyone in your team to focus on what really matters. That’s where Critical Success […]

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Business Mastery for Entrepreneurs – Part 19: How to Develop the Best Strategy for Your Business – Tool XII – USP Analysis

What sets you apart from your competition? In today’s blog post, we’ll explore how you can use the USP Analysis to find and create your Unique Selling Proposition (USP) so your company can stand out and stay ahead of your competitors. To be successful in your business you´ll need something that customers uniquely value and […]

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Business Mastery for Entrepreneurs – Part 18: How to Develop the Best Strategy for Your Business – Tool XI – Core Competencies Analysis

What does it take to build a sustainable competitive advantage for your company? In today’s blog post, I will share how your company can stand out, get ahead and stay ahead of your competitors. One way to create a long-term sustainable and successful company is to have something that customers uniquely value and that positions you as the […]

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Business Mastery for Entrepreneurs – Part 17: How to Develop the Best Strategy for Your Business – Tool X – Design Thinking – Business Model Innovation

Business models age faster than ever before. They are challenged by increased marketplace volatility and the rising diversity of attractive customer segments. What is the solution? Best addressed is this challenge with business model innovation an important strategy for driving value-creating growth. It can be deployed to both defend and disrupt. It helps to decline competitiveness and to […]

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