The Strategy Skills Podcast: Strategy | Leadership | Critical Thinking | Problem-Solving 441: How do I know what is corporate strategy (Strategy Skills classics)
Apr 17, 2024
Exploring the Foundations of Corporate Strategy: Dive into market selection, value chain analysis, and business model formulation for consulting success.
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Core of Corporate Strategy
- Corporate strategy fundamentally involves deciding which market a company should compete in.
- It also entails analyzing profit pools and determining the business model for making money in that market.
Understanding Value Chain Analysis
- Value chain analysis reveals where profits lie within a market.
- Many struggle with it because it is often taught poorly or not at all.
Clarify Your Business Model
- Clearly define how your company will make money to clarify the business model.
- Understanding this helps to ensure profitable operations within the chosen market.