Elements of Strategy

The 27 Elements of Strategy

Every organization needs a well-conceived, goal-oriented, structured strategy that it can implement realistically. Your strategy should align the objectives of each department or endeavor. A comprehensive strategy covers 27 basic elements, in these areas:

Learning from History

The process of strategic planning has changed over time.

1. “Missing elements of traditional strategy” – Good strategy must be comprehensive, flexible, creative and appropriately aligned. It should fully engage and motivate your workforce, and reflect your sense of corporate responsibility. Replace old, impractical strategies with useable approaches that offer a measurable impact.
2. “Traditional models of strategy” – Look beyond formerly popular but nevertheless limited or flawed models to develop your company’s strategic plans.
3. “The 7S's Model” – This McKinsey standard is still a worthy checklist:

• Strategy – Decisions taken to gain corporate advantage.
• Structure – The overall plan to identify primary tasks and duties.
• Systems – Processes and procedures...