When it feels like the world around us is burning and you can control very little, what options do you have for your business? We will walk through the three factual alternatives to respond and offer some ideas if expanding your business model seems a good idea. The intention is not to imply we can control everything with proper planning, because that simply isn't possible, but rather to raise ... View Post
Topics on business strategy collected from our different blog categories.
If strategy is like a map to use for navigation, the business model is a snapshot in time of how the business currently is working to put strategy into practice. That's a literal quote from our first post, "An Overview Of Business Strategy For Small-Business Owners", in this blog series "A Business Strategy Primer". Strategyzer have published several books by now and their first one, "Business ... View Post
Business strategy and strategy in general are among the most abstract concepts when you first start working with them, yet their purpose is far from theoretical, something to remaining impossible to understand and stashed away in someone's filing cabinet. And it's a misconception that they aren't practical. Strategic planning is the most high-level planning you can do and it's informed by the ... View Post
Strategy as a word is difficult to understand when reading many a blog post, as it's not uncommon to find it mixed up with plan and planning. Add the fact that strategic planning is its own concept and confusion is real. People also misunderstand different levels of business, meaning strategy is theoretic roughly put, whereas plan takes it to practical. Defining these concepts with examples will ... View Post
Outsmart the competition, sell more than the competition, grow bigger than the competition, get more funding than the competition! Competition, competition, competition. Bad, elbow tactics, win, win, win. No, let's talk about why you should love having competitors to pull focus back on yourself in strategic thinking! We will walk you through five different angles of viewing your competitors as an ... View Post
Business strategy may sound very fancy and impossibly difficult to understand, but as with any new thing you want to learn there is a bit of vocabulary to master, and we will explain the concepts below. Keep reading to get three tips how to get started with your own business strategy! We will also give you our version of the definitions of vision, mission and core values as well as what they have ... View Post
Few businesses become successful without solid strategies that are implemented with clarity and efficiency. For this reason, we at Wemla believe Business Strategy deserves to be its own blog category. Content So what can you expect? We will include topics such as business models, value propositions, and planning in this category. The idea is to increase awareness of where your business is ... View Post