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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Business Mastery for Entrepreneurs – Part 16: How to Develop the Best Strategy for Your Business – Business Model Canvas Blueprint

In today’s blog post, I will show you the 9 elements of the business model canvas blueprint. In my last blog post I shared what a business model canvas is, who created this tool, what the advantages are and how you can test your business model performance. Now, let´s explore the 9 elements of the […]

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Business Mastery for Entrepreneurs – Part 15: How to Develop the Best Strategy for Your Business – Tool IX – Business Model Canvas

In today’s blog post, I will share one of the great design thinking tools, the business model canvas.  I will show you how to use this tool to create great results!  If you take a meta view on your company´s products and services, it will provoke new insights and will result in a clearer perspective […]

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Business Mastery for Entrepreneurs – Part 14: How to Develop the Best Strategy for Your Business – Tool VIII – SOAR Analysis

In today’s blog post, I will share how to use the SOAR analysis for your strategic decision-making. This tool guides your company´s strengths and potential to create a shared vision of a positive future. Rather than focus on weaknesses or areas for improvement, the SOAR analysis encourages you to focus on what your company excels […]

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Business Mastery for Entrepreneurs – Part 13: How to Develop the Best Strategy for Your Business – Tool VII – MOST Analysis

In today’s blog post, I will share how to use the MOST analysis for your strategic decision-making. Many companies have a mission defined and objectives set, yet sometimes these guiding statements lose focus by implementing business change. As a result the strategy and tactics being executed fail to fully support that overall vision. MOST analysis […]

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Business Mastery for Entrepreneurs – Part 12: How to Develop the Best Strategy for Your Business – Tool VI: The FIVE WHY´s

Have you ever had a challenge that was very persistent? No matter what you tried, sooner or later it would return, perhaps in another form. Recurrent challenges are often symptoms of deeper issues. „Quick fixes“ often solve only the surface issues. In today´s blog post, I will share how to use the five Why´s tool for your […]

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Business Mastery for Entrepreneurs – Part 11: How to Develop The Best Strategy For Your Business – Tool V: How to Use Porter´s Five Forces

In today’s blog post, I will share how to use Porter´s Five Forces for your strategic decision-making. I will show how to deal with your competition and how to position your company strategically that benefits your long-term success. If you analyze the company´s current competition advantage with these five forces, it will reveal where you´ll need […]

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Business Mastery for Entrepreneurs – Part 10: How to Develop the Best Strategy for Your Business – Tool IV: How to do the STEEPLE Analysis

In part 5 of this business mastery series for entrepreneurs, I described the benefits of a SWOT analysis.  In today´s blog post I will share the five steps of conducting a STEEPLE analysis.  I will also explain when you should use this tool, how it relates to other tools and what kind of questions you […]

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Business Mastery for Entrepreneurs – Part 9: How to Develop the Best Strategy for Your Business – How to do the PESTLE Analysis

In part 8, I shared why the PESTLE Analysis is beneficial and how it will help you to understand the „big picture“ forces of change that you’re exposed to, and how you can take advantage of the opportunities that they present. One of the great benefits of this analysis is that it will support you […]

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Business Mastery for Entrepreneurs – Part 8: How to Develop the Best Strategy for Your Business – Tool III: PESTLE Analysis

In Part 7, we explored the TOWS matrix and how the different perspectives can help you to develop new strategic options for your company. In today’s blog post, I will share the benefits of doing the PESTLE Analysis[1], explain what it is and why you should consider doing one. The PESTLE Analysis will help you […]

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