As I wrote in a recent post, our strategic management framework is both simple and effective. It has four stages that, together, facilitate the management of a business strategically. And in our opinion, the best way to manage a business is strategically. Managing a business profitably day after day can be a tough job. Managing it strategically makes the job a little easier.
The four stages of our framework — Definition, Translation, Building, and Operating — form the foundation for a comprehensive management process. One of the insights that we have gleaned from working with numerous clients over the years on projects associated with strategic management, is that companies that have all four stages in place are more successful than those that don’t. In fact, based on our experience, companies are better served working to put all four stages in place than working to refine stages that are already in place. I wrote an article about it a while back.
So, a complete process is a better process.