SKCI Recommended Strategy Tools
SKCI Consultants have created the below table of recommended strategy tools, and what role each one plays in your company’s Strategy Development.
The Applicability Guide relates to SKCI’s 5KQ (5 Key Questions) Strategy Framework by illustrating which tools are best utilised to answer which questions.
|Ansoff’s Growth Matrix||Helps to identify the attractiveness of different growth initiatives. Can be used to assess existing growth strategies as well as proposed activities.|
|Balanced Scorecard||An effective way of monitoring a number of key performance indicators (KPIs).|
|BCG Growth Share||Helps to identify which markets are the most attractive for a company to invest in.|
|Competitor Analysis||An effective way of maintaining an overview of the competition.|
|Competitor Positioning – Gartner Magic Quadrant||An effective way of assessing the relative dominance of the company and its competition.|
|Core Competence Analysis||Helps to focus energy on the unique competences of the organisation.|
|Eight Stage Change Program||As described by John P Kotter – an action plan to increase the likelihood of successful change.|
|House of Strategy||A graphical means of summarising an organisation’s strategy on one page.|
|PEST Analysis||PEST Analysis Enable a “big picture” view of the Opportunities and Threats faced by the organisation.|
|Porters Five Forces of Competition||Helps to identify emerging threats and opportunities in the market.|
|Porters Generic Strategies||Is useful for assessing current and proposed strategies in terms of cost leadership, differentiation, etc.|
|Porters Value Chain||A way of looking at the whole organisation and how different parts of it contribute to value generation.|
|Structured market research||Proper market research is an effective way of eliminating pre-conceived opinions on what the market is doing.|
|SWOT Analysis||A good way of starting the strategy development process. Strengths, Weaknesses, Opportunities and Threats.|
|Value Discipline Model||Developed by Treacy & Wiersema. An effective tool for assessing competing strategies for a business.|
|Value Proposition Canvas||Summarises the value proposition of a service or product for a defined type of customer.|
1. WHERE ARE WE NOW?
2. WHERE DO WE WANT TO GO?
3. WHAT ARE WE GOING TO DO (DIFFERENTLY)?
4. HOW ARE WE GOING TO CHANGE?
5. HOW WILL WE MANAGE PROGRESS?
|Ansoff’s Growth Matrix||**||**|
|BCG Growth Share||**||*||*|
|Competitor Positioning – Gartner Magic Quadrant||**||*||*||*|
|Core Competence Analysis||**||**|
|Eight Stage Change Program||**||**|
|House of Strategy||*||**|
|Porters Five Forces of Competition||**||*||*||*|
|Porters Generic Strategies||**||**|
|Porters Value Chain||**||**|
|Structured market research||**||**|
|Value Discipline Model||*||*||**|
|Value Proposition Canvas||**||**|