Diagnosis and Strategy Formulation for Founders

Founders should start by asking critical questions related to the industry's current landscape, existing solutions, technological advancements, and team strengths. Identifying the unique market opportunity, reasons for the right timing or 'why now', and leveraging team capabilities are essential. After diagnosis, founders should define a guiding policy focusing on key high-impact priorities and resource allocation. Prioritizing strategies aligned with the guiding policy and making trade-offs to achieve the goals are crucial in successful strategy formulation. Coherent actions should then align with the guiding policies to achieve the long-term objectives of the company.