How to write a business strategic plan This article is a step-by-step guide to writing a business strategic plan using the strategy pyramid. The business strategy and strategy pyramid are explained in the introduction section, followed by the 7 key elements to create the business strategic plan as follows: What are your core values? Understand […]
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Business Planning Business planning can involve several approaches from writing a business plan, completing a business model canvas, to deciding what type of organization you want to become. There are several steps in the planning process, therefore we have provided both a guide to your business planning and a checklist of all the approaches: Creating
Competitive Advantage Competitive advantage is whatever you can do better than the competition that will attract customers to your business so it can succeed. Here are some useful competitive advantage check lists: 6 factors of competitive advantage Porter’s 4 generic strategies competitive advantage list 6 factors of competitive advantage Competitive advantage comes from one, or
What is a Business Model Canvas? A business model canvas is a visual tool that helps plan for a business. It has nine parts and can be used to model any business, big or small. The nine parts are as follows: customer segments value proposition channels customer relationships revenue streams key resources key activities key
