What is the best way to choose a strategy formulation model for your organization?

Flexible? No. A key purpose of strategy is clarity. The best strategies tell you what not to do. Keep it simple and focussed. My experience with Corporate Strategy as a CEO and consultant led me to limit the strategy to one page. Yep, one page!

Selecting a strategy formulation model requires aligning it with your organization's goals and scale of operation. Define your strategic purpose and identify whether you're focusing on corporate, business, or functional levels. Match the model to the complexity of your organization—be it a broad vision for corporate strategy or competitive positioning for business units. Consider also your company's culture, resources, and industry dynamics. The right model fits your objectives, adapts to change, and is actionable within your means.

In certain cases, determining the purpose and extent of a strategy becomes critical due to substantial fluctuations in a given market and economy. Hence, the pivotal element in effectively defining the scope and purpose of a strategy lies in addressing the question, are you concentrating on a singular product, market, industry, or a combination of them? as follows: 1. Evaluate the market value in comparison to the international market. 2. Examine the macro environment of the market and identify key drivers. 3. Analyze the industry value chain to pinpoint challenges and opportunities 4. Assess market segments and evaluate their relevance to the business Ultimately, integrate your findings into the core of the strategy's purpose and scope.

- Define the purpose of your organization and the scope of your strategic objectives. - Clarify the goals you want to achieve and align them with your overall mission and vision.

I believe in the step of “assessing your strategic situation."The organisation’s executive committee must reach a consensus on the organisation’s SWOT, which will lead to a very clear understanding of the organisation's current situation and clear direction.

- Assess your current strategic situation, including internal strengths and weaknesses, as well as external opportunities and threats. - Choose a model that addresses the specific challenges and opportunities unique to your organization.

- Identify and understand the stakeholders involved in or affected by your strategy. - Consider the organizational culture and how adaptable it is to different strategic approaches. - Select a model that aligns with the values and expectations of your stakeholders and fits well with your organizational culture. By carefully examining your purpose and scope, strategic situation, and the dynamics of your stakeholders and culture, you can choose a strategy formulation model that best suits the unique needs of your organization.

Ensure that the chosen strategy formulation model aligns with your organization's capacity for implementation.Establish clear metrics and methods for evaluating the effectiveness of the strategy once implemented.Consider the practical aspects of execution and how well the model supports the implementation process.

Emphasize a continuous learning approach within the organization.Incorporate mechanisms for gathering feedback throughout the strategy implementation.Choose a model that promotes adaptability and learning from both successes and failures.

Recognize the leadership style and preferences within the organization.Select a strategy formulation model that resonates with the leadership team's approach and decision-making style.Ensure compatibility with the organization's preferred strategic management style.

Stay mindful of external factors such as economic, political, and technological changes.Anticipate potential shifts in the business environment and choose a strategy formulation model that allows for flexibility and adaptation.Consider the model's responsiveness to external dynamics and its ability to guide strategic decisions in a changing landscape.