Difference between revisions of "Formulate Strategy for a Start Up Organization"
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How to go about it? | How to go about it? | ||
[[Category:Finance and Business]] | [[Category:Finance and Business]] | ||
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== Steps == | == Steps == | ||
#Build your success by planning the best strategy, understanding the importance of finding and using many good, individual tactics: Your strategy includes having a definite purpose, to ultimately beat the market realities. There are certain bases -- common denominators -- for all companies that operate in your markets like: customers' needs, suppliers' accommodations and your being prepared for potential entrants. While you prepare to have a competitive advantage, each of these others try to demand and command attention in furtherance of their own causes. Anticipating these can work towards reducing the gap between the capital ''investment and returns they yield'' (profits/losses). It is prudent to manage these denominators in a way that reverses the trend of outflow (costs of start-up) toward desired returns, in a healthy multiple of capital investment. | #Build your success by planning the best strategy, understanding the importance of finding and using many good, individual tactics: Your strategy includes having a definite purpose, to ultimately beat the market realities. There are certain bases -- common denominators -- for all companies that operate in your markets like: customers' needs, suppliers' accommodations and your being prepared for potential entrants. While you prepare to have a competitive advantage, each of these others try to demand and command attention in furtherance of their own causes. Anticipating these can work towards reducing the gap between the capital ''investment and returns they yield'' (profits/losses). It is prudent to manage these denominators in a way that reverses the trend of outflow (costs of start-up) toward desired returns, in a healthy multiple of capital investment. | ||
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#Align your strategy to the required resource allocation: That is the final -- but most important point -- don’t forget to make sure your ongoing resource allocation processes are aligned with your strategy so that when you do implement changes, you have the resources to fully take advantage of matching resources to the opportunities in your new niche, product and market. | #Align your strategy to the required resource allocation: That is the final -- but most important point -- don’t forget to make sure your ongoing resource allocation processes are aligned with your strategy so that when you do implement changes, you have the resources to fully take advantage of matching resources to the opportunities in your new niche, product and market. | ||
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{{Video:Formulate Strategy for a Start Up Organization|Business strategy Prof. Carlo Alberto Carnevale Maffe'. A firm's ability to survive and succeed in an increasingly competitive global arena depends on its ability to understand competitive dynamics and to enact strategic responses. | {{Video:Formulate Strategy for a Start Up Organization|Business strategy Prof. Carlo Alberto Carnevale Maffe'. A firm's ability to survive and succeed in an increasingly competitive global arena depends on its ability to understand competitive dynamics and to enact strategic responses. | ||
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