Strategic Frameworks Make Strategic Decision

6 Popular strategic planning frameworks 1 OGSM 2 Ansoff Matrix 3 Hoshin Kanri 4 7S Model 5 Balanced Scorecard 6 Blue Ocean

You have a team of people who can help you with the strategic planning process. You have the raw material for strategy evaluation, including internal and external data. You can organize your raw data into a SWOT analysis, Porter’s Five Forces, or another strategy planning framework as you begin to create your strategic plan.

Frame the strategic choices as mutually exclusive options. Start with the most apparent options. Either compete directly with a new competitor or change your target market. Generate alternatives. Brainstorm other possibilities that broaden the option set. Partner with the new entrant. Acquire the new entrant.