Want to Improve Your Business Strategy? Consider These 12 External Factors
Too many companies create their strategy in a vacuum. To be successful, you need to consider and react to these external factors.
If you want to grow quickly and successfully, you need a solid plan that positions you well in the market and gives you plenty of business opportunities. Strategy is fundamentally about how you are going to respond to what's happening in your market and what your competitors are doing. If you're only looking at what's happening inside your company, you'll miss the bigger picture and many of the great opportunities--and risks--that are out there.
Developing strategy is one of the main things I do with leadership teams as we plan for how they are going to scale and grow their businesses. When we conduct our strategy sessions, we start with a broad assessment of the external factors that we need to look at. From these, we can pull insights, predictions, patterns, and trends that are going to play key roles in the decisions we make about where we go.
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As an entrepreneur and former Inc. 500 CEO, I have unique insight to transform your company into a high-growth machine. I specialize in helping companies 10x their growth using proven methods and decades of experience. DM if you want to learn more.
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