OrganicGrowthStrategy

To build a robust business strategy, organizations must conduct strategy development that starts with a agreed upon set of beliefs around its current situation and existing strategic challenges blue ocean strategy. The next steps include deciding what the desired vision of the company is and then delving into the details of strategically planning how to achieve that state. Proper strategy development involves more than a focus on maximizing profitability. Strategy is about value creation, growth strategy is about selectivity, and strategy is about business agility. In order to understand your strategic challenges, you must begin with a comprehensive current state understanding of your situation.

After picking the the primary blue ocean strategy, the next step is optimize your price point blue ocean strategy. Pricing data is often difficult to gather. With the found pricing data, the next step is to rationalize the numbers. To better visualize your pricing data, plot your price point, product revenue, and calculated profit against market share against a pricing curve. It is critical to diligently document and be rational with any assumptions made. Pricing a product involves a three phase process, starting with collecting all relevant pricing data. Organize in Excel your pricing data to show the relationships among price point, market share, and product sales.

As aforementioned, when we analyze the market, both supply analysis and demand analysis need to be conducted, which includes understanding all the following areas  growth strategies. Create a diagram of the market force structure. Identify market trends across the areas of socio-environmental trends, supply trends, and demand side trends.

Experience proves growth strategies is a creative process growth strategy. In the initial stages of the growth strategies process, we must generate insights, involving making sense of abstruse data, seeing beyond the facts and generating unconventional conclusions. In developing a strategic response, the business often must solve never before seen business issues and connect unconnected dots. As management evaluates other strategic considerations, we must shape and adapt our conventional points of view by coming up with new products. If a simple project plan would do the trick in strategy development, then there would not be much opportunities for differentiating in the market place.

Reference(s): http://learnppt.com/powerpoint/15_Growth-Strategy-Toolkit.php