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What is a successful company's Business Strategy roadmap?

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Question added by Hany Sewilam Abdel Hamid , Director of Sales and Marketing , Creative Sense
Date Posted: 2015/05/28
Eser Berber
by Eser Berber , Senior Export Manager , Mutlu Batteries Powered By Metair Investments

Most of the successful company's have a business strategy and a well prepared plan. However in order to become a succesful player in your sector you need to play the game with good players (Employees). Competency level of your employees are so important. First you must start with having the right team members after that you can make a deep market study and get ready  with startegy road map considering 4Ps. 

Mohammed Ali
by Mohammed Ali , Business, Retail, Marketing and Product Managt, General Managt - Electrical /Lighting / Steel Bodies , ABB (MNC) - Dakheel Aljassar (Kuwait) - Abyat (GCC - MNC)-Alfanar (KSA)

1) Undestand your strength points

2) Undestand your market and segment you target.

3) Select the customer that you can target and expect him to respond

4) Prepare your mix based on your strength.

A successful company must have clear objectives and a well-thought-out plan to achieve these goals. 

To have a money management plan to avoid bankruptcy or waste. 

You must also provide a creative professional team and the most important thing is to get out of the crowd with the least losses 

Shrirang  Bhandiwad
by Shrirang Bhandiwad , Managing Director/Corporate Advisor , CODEL INTERNATIONAL / FORBES MARSHALL GROUP UK & Indi

To align the organization to convert vision into mission and mission into long term goals and goals into annual operating plans and communicate ato and motivate each employee

Rahul Limaye
by Rahul Limaye , Business and Management Advisory, Strategy & Growth Consultant, Facilitator. , "Smile Catalyst"

The company needs persistence, strong belief and confidence on the offering and accepting that there is NO SHORTCUT. On the other side, focused market identifification, behaviour / spending pattern of the intended customer(s), what and how end customer is going to get benefit at the mentioned price / commercial, along with very aggresive brand building and sales and marketing strategy - which needs to come in reality as well. Time lines for baby steps are of utmost important.

Andrew McGhie
by Andrew McGhie , SENIOR MANUFACTURING CONSULTANT , SCW Ltd

A document that clearly outlines, identifies the steps and actions to be taken to reach an objective along a given timescale

Saeed Basonbul
by Saeed Basonbul , Founder & General Manager , SABE

Company startegy should focus in four business pillars. Customers, Employees, Growth & CSR. Forming best team, create continues improvemnet culture with right performnace program in place will lead company to success. 

Biresaw Sime
by Biresaw Sime , Programme Director , SOS CV Ethiopia

Negotiate Market Effectively Avoid Unnecessary Expenses

Develop clear and workable strategic planning

 

Tarik Samman
by Tarik Samman , VP Business Development , TTServices

A strategy is successfuly implemented when its outcome fulfills corporate vision and mission.  A company must develop its own metrics or use the balanced score card methodology to measure effectiveness of the implementation againset the roadmap milestones.

Mansour bukhari
by Mansour bukhari , SABIC US Growth & Projects Manufacturing General Manager , SABIC AMERICA

right talent and tools to excuate the strategy

Thomas Gachie
by Thomas Gachie , Chief Operations Officer , Resolution Insurance

  1. Determine the commerical viability ie BCG Matrix, PESTEL
  2. Determine the business fit ie SWOT, Porters 5 Forcies
  3. Determine the growth strategies ie Ansoffs Matrix
  4. Determine impact and value ie Metrics to assure assure achievement of the Business purpose 
  5. Document the plan using Kaplan BSC Strategy Map

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