The strategy execution process is a critical phase in strategic management, focusing on turning strategic plans into actions to achieve strategic objectives.
Business strategy advisory refers to the services consultants or advisory firms provide that help organizations develop, articulate, and implement their strategic objectives and plans.
Related diversification is a strategic approach in which a business expands its operations into areas similar to its existing operations. Unrelated diversification is a corporate strategy in which a company expands its operations into areas that are not linked to its current businesses or industries.
The Ansoff Product-Market Expansion Grid, often referred to simply as the Ansoff Matrix, is a strategic planning tool that provides a framework for businesses to consider their growth strategies.
Strategic group mapping is a technique used in strategic management to analyze the competitive positions of various firms within an industry.
A broad differentiation strategy is a business approach companies use to distinguish their products or services from competitors through a wide range of features and attributes.
A focused differentiation strategy is a business approach where a company aims to differentiate itself from competitors by targeting a specific, narrow market (or niche) with unique products or services.
A market creation strategy involves developing and introducing a new product or service into an area with no existing market.
“Blue Ocean Strategy” is a business theory that suggests companies are better off searching for ways to gain “uncontested market space” rather than competing with similar companies.
Red Ocean Strategy refers to a business approach where companies compete in existing market spaces to outperform their rivals and capture more significant market share. Explained with types & examples.
