Questions you need to ask to develop an effective strategy office

It’s vital that companies develop an agile strategy to maintain pace with digital transformations and other market disruptors, but in creating such a strategy you must also execute it in a way that ensures value creation.

This is never going to be a one-size-fits-all proposition, but you can use the ISC framework to guide your strategy formulation and execution. This framework comprises three different diagnostic points.

Industry dynamics assessment

Following the method from this book, you must identify the business environment for strategy selection by looking at:

• Environment of industry: Is it predictable? If the environment is certain, long-term plans based on analysis and predictions work well. But if the environment is highly uncertain, your strategy needs to be…