Is Your Business Strategy 2012-Ready? Take the Test.
Here's one way to put it to the test. Writing at the McKinsey Quarterly, Chris Bradley, Martin Hirt, and Sven Smit offer a set of 10 tests designed to get you and your team strategizing at the top of your form.
"Ultimately, strategy is a way of thinking, not a procedural exercise or a set of frameworks," the authors explain. So to stimulate your thinking, they focus on testing the strategy itself.
Intrigued? Here's what the first three tests will ask you:
Will your strategy beat the market? Are you happy to stay the course and compete, or are you uniquely positioned to exploit a true competitive advantage? "Good strategies emphasize difference—versus your direct competitors, versus potential substitutes, and versus potential entrants," the authors note.
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